Orion Energy Systems, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Orion Energy Systems (NASDAQ: OESX) has announced equity inducement grants for its new Senior Vice President of Channel Sales, Michael Ontrop. The grants include 100,000 shares of restricted stock and a non-qualified stock option for 125,000 shares of common stock.
The restricted stock will vest in three equal annual installments over three years, subject to continued employment. The stock option's vesting is tied to share price performance targets of $3.00, $4.00, and $5.00 over a three-year period, with the exercise price to be determined based on the average closing price over 10 trading days before July 18, 2025.
Orion Energy Systems (NASDAQ: OESX) ha annunciato concessioni azionarie come incentivo per il suo nuovo Senior Vice President of Channel Sales, Michael Ontrop. Le concessioni includono 100.000 azioni vincolate e un opzione azionaria non qualificata per 125.000 azioni ordinarie.
Le azioni vincolate saranno maturate in tre rate annuali uguali nel corso di tre anni, subordinatamente alla permanenza in azienda. La maturazione dell'opzione azionaria dipende dal raggiungimento di obiettivi di prezzo per azione di 3,00 $, 4,00 $ e 5,00 $ nel periodo di tre anni, con il prezzo di esercizio che sarà determinato in base alla media del prezzo di chiusura nei 10 giorni di borsa precedenti il 18 luglio 2025.
Orion Energy Systems (NASDAQ: OESX) ha anunciado concesiones de acciones como incentivo para su nuevo Vicepresidente Senior de Ventas de Canal, Michael Ontrop. Las concesiones incluyen 100,000 acciones restringidas y una opción sobre acciones no calificada para 125,000 acciones ordinarias.
Las acciones restringidas se consolidarán en tres cuotas anuales iguales durante tres años, sujeto a la continuidad del empleo. La consolidación de la opción sobre acciones está vinculada a objetivos de precio por acción de $3.00, $4.00 y $5.00 durante un período de tres años, con el precio de ejercicio que se determinará según el precio promedio de cierre durante 10 días hábiles antes del 18 de julio de 2025.
Orion Energy Systems (NASDAQ: OESX)는 새로운 채널 영업 부사장인 Michael Ontrop에게 주식 인센티브를 발표했습니다. 이 인센티브에는 100,000주의 제한 주식과 125,000주의 보통주에 대한 비자격 주식 옵션이 포함됩니다.
제한 주식은 3년 동안 매년 동일한 세 번의 할부로 베스팅되며, 계속 고용 상태를 유지해야 합니다. 주식 옵션의 베스팅은 3년 기간 동안 주당 $3.00, $4.00, $5.00의 주가 성과 목표와 연동되며, 행사가격은 2025년 7월 18일 전 10거래일 동안의 평균 종가를 기준으로 결정됩니다.
Orion Energy Systems (NASDAQ : OESX) a annoncé des attributions d’actions incitatives pour son nouveau Senior Vice President des ventes par canal, Michael Ontrop. Ces attributions comprennent 100 000 actions restreintes et une option d’achat d’actions non qualifiée portant sur 125 000 actions ordinaires.
Les actions restreintes seront acquises en trois versements annuels égaux sur trois ans, sous réserve de la poursuite de l’emploi. L’acquisition de l’option d’achat est liée à des objectifs de performance du cours de l’action de 3,00 $, 4,00 $ et 5,00 $ sur une période de trois ans, avec un prix d’exercice qui sera déterminé en fonction du prix moyen de clôture sur 10 jours de bourse précédant le 18 juillet 2025.
Orion Energy Systems (NASDAQ: OESX) hat Aktienanreize für seinen neuen Senior Vice President of Channel Sales, Michael Ontrop, angekündigt. Die Zuwendungen umfassen 100.000 eingeschränkte Aktien und eine nicht qualifizierte Aktienoption für 125.000 Stammaktien.
Die eingeschränkten Aktien werden in drei gleichen jährlichen Raten über drei Jahre erworben, vorbehaltlich einer fortdauernden Anstellung. Das Vesting der Aktienoption ist an Kursziele von 3,00 $, 4,00 $ und 5,00 $ über einen Zeitraum von drei Jahren gebunden, wobei der Ausübungspreis auf Basis des durchschnittlichen Schlusskurses der 10 Handelstage vor dem 18. Juli 2025 festgelegt wird.
- None.
- Potential dilution from 225,000 new shares through restricted stock and options
MANITOWOC, Wis., July 01, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle charging station and maintenance service solutions, announced today that the Company authorized the following equity awards to Michael Ontrop, the Company’s new Senior Vice President of Channel Sales: (i) 100,000 shares of restricted stock and (ii) a non-qualified stock option exercisable for 125,000 shares of the Company’s Common Stock.
The equity awards were approved by Orion’s Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4) as a material inducement for Mr. Ontrop to accept the Company’s offer of employment, and the underlying shares will not be drawn from Orion’s 2016 Omnibus Incentive Plan.
Mr. Ontrop’s restricted stock award will vest with respect to one-third of the restricted shares on each of the first three anniversaries of the grant date, provided that Mr. Ontrop is then still employed with the Company on the applicable vesting date.
Mr. Ontrop’s stock option will vest as follows if the Company’s per share price achieves the following levels over the three-year period after the grant date and provided Mr. Ontrop is then still employed by the Company on the applicable vesting date: (a) one-third at
About Orion Energy Systems (www.orionlighting.com)
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers, as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe and sustainable solutions that reduce their carbon footprint and enhance business performance.
Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our Sustainability and Governance priorities, goals and progress here or visit our website at www.orionlighting.com.
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| Investor Relations Contacts | ||
| Per Brodin, CFO | William Jones; David Collins | |
| Orion Energy Systems, Inc. | Catalyst IR | |
| pbrodin@oesx.com | (212) 924-9800 or oesx@catalyst-ir.com | |
FAQ
What equity grants did Orion Energy Systems (OESX) announce for its new SVP?
How will the OESX restricted stock grants vest for Michael Ontrop?
What are the stock price targets for OESX option vesting?
When will the OESX stock options be granted to Michael Ontrop?
