Comstock Inc. 8-K

What Happened
Comstock Inc. (LODE) announced on June 15, 2026 that its Compensation Committee approved equity awards under the Company’s 2026 Equity Incentive Plan totaling 1,961,986 performance stock units (PSUs) and 783,618 restricted stock units (RSUs). The awards were granted to certain employees and executive officers, including CEO David Bateman* (CEO name if accurate from filing—use official filing), CFO and Chief Accounting Officer, and are primarily performance‑based with multi‑year vesting.

Key Details

• Total awards: 1,961,986 PSUs and 783,618 RSUs (combined grants represent ~37% of shares authorized under the 2026 plan).
• Executive allocations: CEO received 619,059 PSUs and 247,252 RSUs; CFO received 304,449 PSUs and 121,597 RSUs; Chief Accounting Officer received 92,234 PSUs and 36,838 RSUs.
• Vesting: PSUs vest only if specified stock price performance targets are met over three anniversaries and the participant remains employed on June 30, 2029 (no vesting before June 30, 2029). RSUs vest in three equal annual installments beginning June 30, 2027, subject to continued service.
• Documentation: The PSU and RSU award agreements are filed as exhibits to the 8‑K.

Why It Matters
These grants tie a large portion of executive compensation to future stock price performance and multi‑year retention, which can align management incentives with shareholder returns. For investors, note the potential dilution from these awards (about 37% of plan authorization) and the long vesting/performance conditions that delay any share issuance until performance and service requirements are met.