VisionWave updates MD pay and incentives
VisionWave Holdings, Inc. amended its employment agreement with Jez Williman, its Managing Director for UK and European Operations.
Rhea-AI Filing Summary
VisionWave Holdings, Inc. amended its employment agreement with Jez Williman, its Managing Director for UK and European Operations. The amendment confirms his title, raises his annual base salary to $200,000 from May 1, 2026, and provides for a further increase to the lesser of $300,000 or fair market rate once the Company achieves $10,000,000 in revenue during any ninety-day period.
In addition to 250,000 existing options, Williman is eligible for 50,000 performance-based stock options upon invoicing for the second UGV sold and 100,000 more upon cumulative valid payable commercial invoices totaling $1 million, with options priced at fair market value on the grant dates.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
New base salary: $200,000 per year
Potential future salary cap: Lesser of $300,000 or fair market rate
Revenue trigger: $10,000,000 revenue
+4 more
7 metrics
New base salary
$200,000 per year
Effective May 1, 2026 for Managing Director, UK and European Operations
Potential future salary cap
Lesser of $300,000 or fair market rate
After $10,000,000 revenue in any ninety-day period
Revenue trigger
$10,000,000 revenue
During any ninety (90) day period for salary step-up
Existing options
250,000 options
Previously granted under the Original Agreement
Second UGV milestone options
50,000 options
Upon issuance of valid payable commercial invoice(s) for the second UGV sold
Invoice total milestone options
100,000 options
Upon valid payable commercial invoices cumulatively totaling $1 million
Warrant exercise price
$11.50 per share
Redeemable warrants, each exercisable for one share of common stock
Key Terms
performance-based stock options, 2025 Omnibus Equity Incentive Plan, fair market value, Redeemable Warrants, +1 more
5 terms
performance-based stock options financial
"the Company agreed to grant Executive additional performance-based stock options under the Company’s 2025 Omnibus Equity Incentive Plan"
2025 Omnibus Equity Incentive Plan financial
"additional performance-based stock options under the Company’s 2025 Omnibus Equity Incentive Plan"
fair market value financial
"granted at an exercise price equal to the fair market value of the Company’s common stock on the applicable grant date"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
Redeemable Warrants financial
"Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50"
A redeemable warrant is a tradable right that lets its holder buy a company’s shares at a fixed price before a set date, but the issuer has the contract power to cancel (redeem) the warrant early under agreed terms. For investors this matters because early redemption can force decision-making, change the timing of when new shares might be created, and affect potential gains or dilution—much like a store coupon that the issuer can cancel by paying you off instead of letting you use it.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive compensation changes did VisionWave (VWAV) make for Jez Williman?
VisionWave increased Jez Williman’s base salary to $200,000 effective May 1, 2026 and added new performance-based stock options. He can earn up to 150,000 additional options tied to sales milestones and revenue generation under the company’s 2025 Omnibus Equity Incentive Plan.
How can Jez Williman earn additional stock options at VisionWave (VWAV)?
Williman can receive 50,000 options when valid payable invoices are issued for the second UGV sold and 100,000 options when cumulative valid payable commercial invoices reach $1 million. These performance-based options vest upon achieving the specified milestones.
What revenue target affects Jez Williman’s future salary at VisionWave (VWAV)?
His salary may increase to the lesser of $300,000 or fair market rate once VisionWave achieves $10,000,000 in revenue during any ninety-day period. This ties a higher salary level directly to a defined short-term revenue performance threshold for the company.
What existing equity does Jez Williman hold under his VisionWave (VWAV) agreement?
Under the original employment agreement, Williman was previously granted 250,000 stock options. The new amendment adds up to 150,000 additional performance-based options, further linking his total potential equity compensation to specific operational and revenue milestones at VisionWave.
At what price will the new VisionWave (VWAV) options for Jez Williman be granted?
The additional performance-based options will have an exercise price equal to the fair market value of VisionWave’s common stock on each grant date. That price is determined in accordance with the company’s 2025 Omnibus Equity Incentive Plan and related option agreements.
What is Jez Williman’s role at VisionWave (VWAV) under the amended agreement?
Under the amendment, Jez Williman’s title is confirmed as Managing Director, UK and European Operations. This role is tied to both fixed salary and performance-based incentives, aligning his compensation with sales execution and revenue growth in the company’s UK and European markets.
AI-generated analysis. How Rhea-AI works. Not financial advice.
