Updated

Updated · Kalkine Media · Sep 11

Cadiz CFO Hernandez Receives 1.6 Million Equity Units Tied to $6-$12 Share Targets

Updated

Updated · Kalkine Media · Sep 11

Cadiz CFO Hernandez Receives 1.6 Million Equity Units Tied to $6-$12 Share Targets

1 articles · Updated · Kalkine Media · Sep 11

Cadiz CFO Jacinto J. Hernandez received 800,000 restricted stock units and 800,000 performance stock units on Sept. 9 as employment inducement awards disclosed in a Sept. 11 Form 4.
200,000 RSUs vested immediately, while the remaining 600,000 are set to vest in 12 quarterly installments of 50,000 starting with the quarter ending Sept. 30, 2026.
800,000 PSUs vest in four 200,000-unit tranches only if Cadiz shares hit $6, $8, $10 and $12, tying half the package to stock-price performance.
Both awards were granted at no cost under Nasdaq Listing Rule 5635(c)(4) and will be settled in shares on the earlier of the fifth anniversary of the grant date or Hernandez's separation from service.

Sources

With a massive $403 million pipeline project looming, can Cadiz's CFO secure the complex financing needed to hit his $12 stock targets?

Will the newly approved Mojave Groundwater Bank initiative propel Cadiz's stock enough to unlock the CFO's massive performance-based equity windfall?

How might delays in securing the $194 million EPA funding threaten both the Northern Pipeline and the executive's lucrative compensation package?

1 total