ESOPMay 29, 2026, 04:20 PM
Safe Pro Group Grants Executive Stock Options, Amends CFO Comp
AI Summary
Safe Pro Group Inc. announced the grant of performance-based stock options to its executive officers and an amendment to the Chief Financial Officer's employment agreement. CEO Daniyel Erdberg received options for 750,000 shares, and CFO Theresa Carlise received options for 150,000 shares, both with an exercise price of $4.50 and vesting based on cumulative gross revenue milestones. Additionally, Ms. Carlise's employment agreement was updated to include a $1,000 monthly home office allowance, a 100% target cash bonus opportunity (with a 25% guaranteed minimum), and enhanced severance provisions for termination and change-in-control events.
Key Highlights
- CEO Daniyel Erdberg granted performance-based stock options for 750,000 shares.
- CFO Theresa Carlise granted performance-based stock options for 150,000 shares.
- All options have an exercise price of $4.50 and a five-year term expiring May 27, 2031.
- Options vest in five equal installments upon achieving cumulative gross revenue milestones from $5 million to $25 million.
- CFO's employment agreement amended to include a $1,000 monthly home office allowance.
- CFO's annual target cash bonus opportunity is 100% of base salary, with a 25% guaranteed minimum.
- CFO's severance for termination without cause or resignation for good reason is six months of base salary.
- CFO's change-in-control severance includes 12 months of base salary and medical payments for up to 12 months.
Price Impact
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