Twin Vee PowerCats Boosts Executive Salaries and Grants Stock Options

Twin Vee PowerCats (VEEE) has provided an update.

In a strategic move on June 27, 2024, the Company boosted Vice President Preston Yarborough’s base salary to $200,000 and, along with two other key executives, granted significant stock options under the amended 2021 Stock Incentive Plan. This incentive includes 200,000 shares for Yarborough, 100,000 and an additional 50,000 shares for Chief Financial Officer Mike Dickerson on successive days, and a substantial 300,000 shares for Chairman and CEO Joseph Visconti, all with a ten-year expiry and tied to the closing stock price at the time of grant, cementing their commitment and potential reward in the company’s future performance.

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