Flora Growth Approves Stock Rights Plan for Executives

Flora Growth ( (FLGC) ) has provided an update.

Flora Growth Corp. shareholders have given the green light to significant stock appreciation rights for CEO Clifford Starke and CFO Dany Vaiman as a reward for their leadership. Under the approved plan, Starke will receive 575,319 rights, while Vaiman will get 191,773, both with an exercise price of $0.9149. These rights are set to vest in multiple tranches, with each tranche requiring a 50% increase in the company’s share price over the exercise price to unlock, reflecting a strong incentive for performance tied directly to shareholder value growth.

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