Barnwell Industries updates board compensation, grants $50K RSUs
Barnwell Industries, Inc. filed an amended current report to update compensation details for new director Joshua E. Schechter.
Rhea-AI Filing Summary
Barnwell Industries, Inc. filed an amended current report to update compensation details for new director Joshua E. Schechter. The company explains that non-employee directors currently receive annual fees of $120,000 for the fiscal year ending September 30, 2026, excluding any extra fees for board committee service.
The company’s recent practice has been to pay this director fee half in restricted stock units and half in cash. Consistent with that approach, on December 3, 2025, Mr. Schechter was granted restricted stock units valued at $50,000, representing a prorated stock grant from his appointment date through September 30, 2026. The remainder of his director fees for the 2026 fiscal year will be paid in cash.
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8-K Event Classification
FAQ
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What change does Barnwell Industries (BRN) report in this 8-K/A?
How much do non-employee directors of Barnwell Industries (BRN) earn annually?
How are Barnwell Industries (BRN) director fees typically paid?
What equity compensation did Joshua E. Schechter receive from Barnwell Industries (BRN)?
What period does Joshua E. Schechter’s prorated restricted stock unit grant at Barnwell Industries (BRN) cover?
How will the remainder of Joshua E. Schechter’s 2026 director fees be paid at Barnwell Industries (BRN)?
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