Management ChangeJul 7, 2026, 04:32 PM
SunPower Appoints Tom Kowalczuk as CFO; Grants 1M RSUs
AI Summary
SunPower Inc. announced the appointment of Tom Kowalczuk as its new Chief Financial Officer, effective June 30, 2026. In connection with his appointment, Mr. Kowalczuk received an inducement grant consisting of 1.0 million time-based restricted stock units (RSUs). These RSUs will vest with 20% after one year and the remainder ratably over the subsequent four years, subject to his continuous service. The Board of Directors approved this inducement award without shareholder approval, in accordance with Nasdaq Stock Market Listing Rule 5635(c).
Key Highlights
- Tom Kowalczuk appointed Chief Financial Officer of SunPower Inc.
- Appointment effective June 30, 2026.
- Received an inducement grant of 1.0 million time-based restricted stock units (RSUs).
- 20% of RSUs vest one year after grant.
- Remaining RSUs vest ratably over the following four years.
- Award approved by Board of Directors under Nasdaq Rule 5635(c).
Price Impact
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