Shelf Drilling (SHLLF) has released an update.
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Douglas Stewart has officially taken over as the Executive Vice President and Chief Financial Officer of Shelf Drilling as of October 14, 2024. To coincide with his appointment, the company has granted Stewart 182,570 Restricted Stock Units and an equal number of Performance-Based Stock Units under its 2017 Long-Term Incentive Plan. These stock units are set to vest annually over three years, with the potential for Stewart to receive up to 547,710 common shares based on performance criteria.
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