Irwin Simon TLRY shares compensation
Tilray Brands AMA – Wednesday, May 31 @6pm ET with CFO Carl Merton
I also want to address the reoccurring confusion and misunderstanding around executive compensation.
Irwin Simon does not have an annual base salary of $20 or $30 million nor has he received that in stock. Over 90% of Irwin’s compensation, and a substantial portion of the executive team’s compensation, is contingent on performance-based equity incentives which need to be reached before they can be paid out – this unequivocally shows the teams dedication and commitment to Tilray Brands. As per SEC regulations, Tilray must report the full value of executive compensation packages regardless if the targets are reached or not. Therefore, if any of those targets, including Tilray performance targets, are not met, they do not receive any of that compensation. As you can see, Irwin and the entire management team have skin in the game. Additionally, I would like to note Irwin and other section 16 executives currently own over 9.3 million shares in Tilray and have not sold any shares in the open market other than to deal with taxes.
I hope by addressing these questions and reoccurring themes, I’ve helped clear the air.