FiEE, Inc. 8-K

What Happened
FiEE, Inc. announced that on May 12, 2026 its Board of Directors, following the Compensation Committee’s recommendation, granted restricted stock units (RSUs) to CEO and President Li Wai Chung and Chief Financial Officer Cao Yu. Each executive received 143,561 RSUs under the FiEE, Inc. 2025 Equity Incentive Plan; each RSU represents a contingent right to one share of common stock, $0.01 par value. The RSUs vest 30% on the first anniversary of the grant, 30% on the second, and the remaining 40% on the third, subject to continued employment and the RSU agreement filed as Exhibit 10.1.

Key Details

• Grant date: May 12, 2026; Plan: FiEE, Inc. 2025 Equity Incentive Plan.
• Award size: 143,561 RSUs awarded to each of Li Wai Chung (CEO) and Cao Yu (CFO).
• Vesting schedule: 30% at 1 year, 30% at 2 years, 40% at 3 years, contingent on continued employment.
• Each RSU converts to one share of common stock; RSU agreement form filed as Exhibit 10.1.

Why It Matters
These awards are an executive compensation and retention measure tying CEO and CFO equity upside to future share performance and continued service. If fully vested and converted, the grants represent up to 287,122 potential new shares combined, which could be dilutive to existing shareholders when issued. The filing provides investors transparency on management incentives and potential future share issuance.