ESOPJun 15, 2026, 05:06 PM
Virgin Galactic Stockholders Approve Incentive Plan, Adds 9.45M Shares
AI Summary
Virgin Galactic Holdings, Inc. held its 2026 Annual Meeting of Stockholders, where several key proposals were approved. Stockholders voted to approve the Fourth Amended and Restated 2019 Incentive Award Plan, which increases the number of shares available for issuance by 9,450,000, bringing the total to 17,120,437 shares, and extends the award grant period through June 2036. Additionally, nine directors were elected, Ernst & Young LLP was ratified as the independent auditor for 2026, and advisory votes on executive compensation and its annual frequency were passed.
Key Highlights
- Stockholders approved the Fourth Amended and Restated 2019 Incentive Award Plan.
- The plan increases shares available for issuance by 9,450,000 to an aggregate of 17,120,437 shares.
- The right to grant awards under the plan is extended through June 11, 2036.
- Nine directors were elected to hold office until the 2027 annual meeting.
- Ernst & Young LLP was ratified as the independent registered public accounting firm for 2026.
- Stockholders approved, on an advisory basis, the compensation of named executive officers.
- The company intends to hold advisory votes on executive compensation annually.
Price Impact
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