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Meridian Mining grants stock-based compensation to CEO and directors
Meridian Mining has awarded CEO Gilbert Clark 166,481 Restricted Share Units (RSUs) and 332,963 Performance Share Units (PSUs); CFO David Halkyard received 107,796 RSUs and 215,593 PSUs. The awards were made under the Meridian Mining Omni Incentive Plan and are based on a price of 1.70 CAD and 0.92 GBP. The RSUs equal 50% of the CEO’s and 37.5% of the CFO’s salary and vest after three years; the PSUs equal 100% and 75% of salary respectively and vest based on relative total shareholder return (75%) versus a copper/copper‑gold comparator group and strategic/operational goals (25%). Non-executive directors received Deferred Share Units equal to 50% of their annual fees, which vest in twelve monthly instalments; vested shares of the CEO are subject to a two-year holding period after vesting. » Plus sur de.investing.com
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