Glass House to establish share-based long-term management incentive plan

Management Incentive Plan Approval: Glass House Brands is mailing materials to shareholders for a meeting on June 20, where they will vote on Performance Awards linked to a long-term management incentive plan and an increase in the share reserve of the equity incentive plan.

Performance-Based Restricted Stock Units: The Board approved granting performance-based restricted stock units (RSUs) to key executives, which will vest based on achieving specific share price milestones over five years, with a focus on aligning incentives with long-term shareholder value creation.