JFB Construction Holdings Cancels CEO and CFO Stock Awards and Options
I'm PortAI, I can summarize articles.
JFB Construction Holdings has canceled stock awards and options for its CEO and CFO due to an error in its 2024 Equity Incentive Plan. The company initially issued 468,000 shares, including 300,000 to CEO Joseph F. Basile III and 100,000 to CFO Ruben Calderon, for the 2025 fiscal year. However, on January 26, 2026, the board decided to reverse this decision, with both executives agreeing to return 400,000 shares. Additionally, 1,000,000 stock options for Basile were canceled, none of which had vested or been issued.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments