Management ChangeAug 7, 2026, 04:21 PM
Lightbridge Appoints Andrey Mushakov as EVP & COO; Approves RSA Grants
AI Summary
Lightbridge Corporation appointed Andrey Mushakov as Executive Vice President & Chief Operating Officer, effective August 6, 2026. Mushakov, previously EVP, Nuclear Operations, will continue under his existing compensation arrangements. Concurrently, the Board approved grants of restricted stock awards (RSA Grants) to certain executive officers, employees, consultants, and board members. These grants are 25% service-based and 75% performance-based, contingent on operational milestones and stockholder approval for an increase in authorized shares.
Key Highlights
- Andrey Mushakov appointed Executive Vice President & Chief Operating Officer on August 6, 2026.
- Mushakov was previously EVP, Nuclear Operations; existing compensation arrangements are unchanged.
- Board approved restricted stock awards (RSA Grants) for executives, employees, consultants, and directors.
- RSA Grants are 25% service-based, vesting in six semi-annual installments.
- RSA Grants are 75% performance-based, tied to operational milestones through December 31, 2034.
- Performance-based vesting requires stockholder approval for increased shares under the 2020 Plan.
- CEO Seth Grae received 420,000 total RSA shares (105,000 service, 315,000 performance).
- CFO Larry Goldman received 260,000 total RSA shares (65,000 service, 195,000 performance).
Price Impact
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