The latest update is out from Vertex Energy (VTNR).
Vertex Energy, Inc. has updated its 2020 Equity Incentive Plan, now allowing for the grant of Restricted Stock Units (RSUs), expanding beyond the previously permitted Restricted Stock Shares. On April 1, 2024, with the Compensation Committee’s endorsement, the Board of Directors approved an additional 3,740,573 shares for future issuance under the plan, bringing the total to 5,240,574 shares. This increase equates to 4% of the company’s outstanding common stock as of the end of the previous year, aligning with the plan’s provisions for annual share availability adjustments. This strategic move aims to enhance the company’s ability to incentivize and retain talent through equity-based compensation.
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