- good natured Products Inc. (GDNP) announces Grant of Equity Incentive Compensation
- Options to purchase 687,000 common shares were granted, with an exercise price of C$1.29 per common share
- 25 per cent of each grant vests on March 11, 2022
- Once vested, each option is exercisable for a period of seven years from the date of the grant
- good natured (GDNP) is down 5.04 per cent and is trading at C$1.22 at 3 pm EST.
good natured Products (TSXV:GDNP) announces Grant of Equity Incentive Compensation.
good natured Products (GDNP) has granted stock options, deferred share units, performance share units, and has restricted share units to certain employees, officers, and directors.
Options to purchase 687,000 common shares were granted, with an exercise price of C$1.29 per common share.
25 per cent of each grant vests on March 11, 2022, with the balance vesting in equal monthly increments over the following three years.
Once vested, each option is exercisable for a period of seven years from the date of the grant.
good natured also granted an aggregate of 128,000 DSUs, vesting 1/2 per year on December 31, 2021, and December 31, 2022.
The company will also grant 963,710 PSUs, vesting 1/2 per year on each of December 31, 2021, and December 31, 2022, and by certain performance, criteria set by good natured.
Each DSU, PSU and RSU entitles the holder to receive either one common share, the cash equivalent of one common share or a combination of cash and common shares, as determined by good natured.
good natured is pursuing its goal of becoming North America’s leading earth-friendly product company by offering the broadest assortment of eco-friendly options made from plants instead of petroleum.
The goal is to make it easy and affordable for business owners and consumers to switch to better everyday products® made from renewable materials and free from chemicals of concern.
The 52-week high is C$1.98, while the 52-week low has been C$0.090.
good natured (GDNP) is down 5.04 per cent today and is trading at C$1.22 at 3 pm EST.