Corporate GovernanceJul 10, 2026, 09:16 AM
Lithium Argentina Amends & Restates Equity Incentive Plan
AI Summary
Lithium Argentina AG has filed its Third Amended and Restated Equity Incentive Plan. The plan aims to secure benefits for the company and its shareholders by encouraging share ownership among employees and directors. It outlines the terms for granting Options, Deferred Share Units, and Restricted Share Rights, including Performance Share Units. The plan also details vesting schedules, effects of termination or change of control, and limits on the number of shares that can be issued under the plan.
Key Highlights
- Plan includes Options, Deferred Share Units, and Restricted Share Rights (Performance Share Units).
- Option exercise price not less than 100% of Fair Market Value on grant date.
- Option Period is typically five years, with vesting over 18 months (25% every 6 months).
- Aggregate Shares for all incentive plans not to exceed 10% of outstanding issue.
- Shares for Insiders not to exceed 10% of outstanding issue in any one-year period.
- Shares for any one Insider not to exceed 5% of outstanding issue in any one-year period.
- Board can amend, suspend, or terminate the plan without shareholder approval for certain changes.
- Amendments adopted May 1, 2026, effective upon TSX and NYSE approval.
Price Impact
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