DNA X grants directors $60,000 phantom-RSU cash awards tied to 2027 annual meeting or change in control

Reuters2026/08/27 11:33

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DNA X shifted director pay to cash awards in lieu of restricted stock units under its 2019 Equity Incentive Plan.
Move follows an exhaustion of available common shares under the plan, blocking new RSU grants.
Each award is sized off a $60,000 RSU-equivalent value using the stock’s fair market value on Aug. 21, 2026.
Cash payout is tied to the stock price at vesting, triggered at the 2027 annual meeting or a change in control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DNA X Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-040324), on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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DNA X grants directors $60,000 phantom-RSU cash awards tied to 2027 annual meeting or change in control

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