ESOPJul 23, 2026, 05:01 PM
MDJM Adopts 2026 Equity Incentive Plan; Grants 400,000 Shares
AI Summary
MDJM LTD's Board approved the 2026 Second Equity Incentive Plan on July 15, 2026, designed to attract and retain qualified personnel. The plan reserves a maximum of 400,000 ordinary shares for issuance. Concurrently, the company granted 400,000 restricted shares to employees, including 200,000 Class B ordinary shares to CEO Siping Xu, which increases his aggregate voting power to approximately 89.71%.
Key Highlights
- Board approved 2026 Second Equity Incentive Plan on July 15, 2026.
- Plan reserves a maximum of 400,000 ordinary shares for issuance.
- Granted 400,000 restricted shares to employees on July 15, 2026.
- 200,000 Class B ordinary shares granted to CEO Siping Xu.
- CEO Siping Xu's voting power increased to approximately 89.71%.
Price Impact
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