Corporate GovernanceJul 10, 2026, 04:41 PM
I-ON Digital Approves 2026 Equity Incentive Plan, Grants Options
AI Summary
I-ON Digital Corp. approved its 2026 Equity Incentive Plan on June 8, 2026, reserving 100,000 Series E Convertible Preferred Shares for issuance. The plan aims to attract and retain talent, with the share reserve automatically increasing by 4% annually for ten years starting January 1, 2027. Concurrently, the company granted options to purchase an aggregate of 66,750 Series E Shares to officers, employees, and service providers at an exercise price of $145 per share. These grants include performance-based options tied to specific strategic goals for key personnel.
Key Highlights
- I-ON Digital Corp. Board approved the 2026 Equity Incentive Plan on June 8, 2026.
- 100,000 Series E Convertible Preferred Shares are reserved for the 2026 Plan.
- Share reserve will automatically increase by 4% annually for 10 years, starting January 1, 2027.
- Options to purchase an aggregate of 66,750 Series E Shares were granted to officers and employees.
- The exercise price for the granted options is $145 per Series E Share.
- Carlos X. Montoya received options for 18,000 Series E Shares and 2,000 performance-based shares.
- Ken Park received options for 9,000 Series E Shares and 2,000 performance-based shares.
- Brad Hoffman received options for 5,000 Series E Shares and 2,000 performance-based shares.
Price Impact
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