Westaim Corporation Announces Security-Based Compensation Grants
TORONTO – The Westaim Corporation ("Westaim" or the "Company") has announced the grant of an aggregate of 1,578,258 stock options (the "Options") and 124,812 restricted share units (the "RSUs"). These grants were made under the Company's long-term equity incentive plan, which has recently been amended.
Details of the Grants
The stock options and RSUs are part of Westaim's ongoing efforts to incentivize and retain key employees and executives. The Options grant recipients the right to purchase shares of the Company at a predetermined price, while the RSUs represent a promise to deliver shares at a future date, subject to vesting conditions.
Amendment to Long-Term Equity Incentive Plan
Alongside the grants, Westaim has announced amendments to its long-term equity incentive plan. Although specific details of the amendments were not disclosed, such changes typically involve adjustments to plan terms to better align with corporate goals and shareholder interests.
Implications for Stakeholders
These grants and plan amendments reflect Westaim's commitment to aligning the interests of its management and employees with those of its shareholders. By providing equity-based compensation, the Company aims to foster long-term value creation and retention of talent.
About The Westaim Corporation
Westaim Corporation is a Toronto-based company engaged in investment activities. The Company frequently utilizes equity-based incentives as part of its compensation strategy.
