Management ChangeAug 11, 2026, 05:01 PM
LifeVantage Grants Inducement Awards to New CEO Terrence Moorehead
AI Summary
LifeVantage Corporation announced that its Board of Directors granted inducement awards to Terrence Moorehead, the Company's new President and Chief Executive Officer. These awards, granted on August 6, 2026, are material to Mr. Moorehead's employment. They consist of 308,642 Restricted Stock Units (RSUs) and 540,123 Performance-based Stock Units (PSUs), with vesting tied to service and performance targets.
Key Highlights
- Inducement awards granted to new President and CEO Terrence Moorehead.
- Awards include 308,642 Restricted Stock Units (RSUs).
- RSUs will vest in three equal annual installments starting one year from grant date.
- Awards include 540,123 Performance-based Stock Units (PSUs).
- PSUs will vest over three years based on revenue and Adjusted EBITDA margin targets.
- Awards were granted on August 6, 2026, under the 2026 New Employee Long-Term Incentive Plan.
Price Impact
More from LFVN