Z Squared Inc. (ZSQR) fixes CTO's 49,778-share bonus
Rhea-AI Filing Summary
Z Squared Inc. (ZSQR) amended the previously disclosed Executive Employment Agreement with its Chief Technology Officer, Jeffery Harris. The amendment, dated August 24, 2026, fixes the number of restricted stock units for Mr. Harris’s first-year annual bonus at 49,778, rather than leaving the award solely defined by a grant-date fair market value equal to three times his base salary. The amendment text is included as an exhibit and incorporated by reference.
Positive
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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
First-year RSU award: 49,778 restricted stock units
Bonus value multiple: three times base salary
Exhibit 10.1: Amendment No. 1 to Executive Employment Agreement
3 metrics
First-year RSU award
49,778 restricted stock units
Fixed number of RSUs underlying Jeffery Harris’s first-year annual bonus award
Bonus value multiple
three times base salary
Grant-date fair market value of annual RSU bonus in the original Employment Agreement
Exhibit 10.1
Amendment No. 1 to Executive Employment Agreement
Filed as an exhibit dated August 24, 2026 between Z Squared Inc. and Jeffery Harris
Key Terms
restricted stock units, grant-date fair market value, Executive Employment Agreement, Emerging growth company, +1 more
5 terms
restricted stock units financial
"providing for an annual bonus in the form of restricted stock units having"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant-date fair market value financial
"units having a grant-date fair market value equal to three times"
Executive Employment Agreement regulatory
"entered into an Executive Employment Agreement (the “Employment Agreement”)"
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.
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
What executive compensation change did ZSQR disclose on August 24, 2026?
Z Squared Inc. disclosed an amendment to Chief Technology Officer Jeffery Harris’s Executive Employment Agreement, fixing the number of restricted stock units in his first-year annual bonus award at 49,778 instead of leaving the award amount solely tied to a value formula.
How many restricted stock units will ZSQR CTO Jeffery Harris receive for his first-year bonus?
For his first-year annual bonus, Z Squared Inc.’s CTO Jeffery Harris will receive an award of 49,778 restricted stock units, as fixed by Amendment No. 1 to his Executive Employment Agreement dated August 24, 2026.
What was the original bonus structure for ZSQR CTO Jeffery Harris before the amendment?
The original Executive Employment Agreement provided for an annual bonus in the form of restricted stock units with a grant-date fair market value equal to three times Mr. Harris’s base salary, without a fixed unit count for the first-year award.
What document contains the full terms of the amended ZSQR CTO agreement?
The full terms of the change are set out in Amendment No. 1 to the Executive Employment Agreement between Z Squared Inc. and Jeffery Harris, filed as Exhibit 10.1 and incorporated by reference.
Does the ZSQR filing indicate any change in company officers besides the CTO arrangement?
The filing focuses on Amendment No. 1 to Chief Technology Officer Jeffery Harris’s Executive Employment Agreement. It does not describe other officer departures or appointments beyond this compensatory arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
