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McEwen Inc. (NYSE:MUX) granted stock options to several executives on Monday under its 2024 Equity and Incentive Plan, according to a statement filed with the Securities and Exchange Commission.
The awards were made pursuant to the company’s standard Stock Option Agreement. Each option grant is subject to time-based vesting, with one-third of the options vesting on each anniversary of the grant date over three years. The options are exercisable at a price of $10.43 per share and will remain exercisable until the fifth anniversary of the grant date, provided vesting conditions are met.
If a grantee’s employment or directorship with the company ends for reasons other than death or termination for cause, vested options may be exercised within three months of departure. Any unvested or unexercised options will expire after that period. In cases of termination or removal for cause, the right to exercise the options expires immediately.
The following executives received stock option grants on Monday:
- William Shaver: 80,000 options
- Robert McEwen: 170,000 options
- Perry Ing: 50,000 options
- Stefan Spears: 40,000 options
- Jeff Chan: 40,000 options
These grants are part of the company’s ongoing compensation program for eligible participants. The information is based on a press release statement included in the company’s SEC filing.
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