GSI Technology Executives Granted Stock Options

Gsi Technology (GSIT) has released an update to notify the public and investors about its officers.

GSI Technology, Inc. initiated cost reduction efforts in November 2022, including salary reductions for top executives. In line with this, the company’s Board of Directors granted stock options to its named executive officers under the 2016 Equity Incentive Plan. The CEO received 150,000 options, while the CFO and Vice President of Sales each received 20,000, with an effective grant date of January 29, 2024, and full vesting due on December 1, 2024.

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For a comprehensive understanding of the announcement, you can read the full document here.