Wearable Devices Ltd. Approves 2024 Equity Incentive Plan
Ticker: WLDSW · Form: 6-K · Filed: Aug 22, 2024 · CIK: 1887673
| Field | Detail |
|---|---|
| Company | Wearable Devices Ltd. (WLDSW) |
| Form Type | 6-K |
| Filed Date | Aug 22, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-incentive, board-approval, stock-plan
TL;DR
Wearable Devices Ltd. just approved a new stock option plan to incentivize employees.
AI Summary
On August 15, 2024, Wearable Devices Ltd.'s Board of Directors approved the 2024 Global Equity Incentive Plan. This plan allows the company to reserve a certain number of its ordinary shares, with a par value of NIS 0.01 each, from its authorized but unissued share capital for equity-based compensation.
Why It Matters
The approval of an equity incentive plan is crucial for attracting and retaining talent, aligning employee interests with shareholder value, and providing a mechanism for future growth and compensation.
Risk Assessment
Risk Level: low — This filing is a routine corporate action regarding an equity incentive plan, which typically carries low immediate risk.
Key Numbers
- NIS 0.01 — Par Value per Ordinary Share (This is the nominal value assigned to each ordinary share under the new incentive plan.)
Key Players & Entities
- Wearable Devices Ltd. (company) — Registrant
- August 15, 2024 (date) — Approval date of the plan
- NIS 0.01 (dollar_amount) — Par value of ordinary shares
FAQ
What is the purpose of the 2024 Global Equity Incentive Plan?
The plan provides for the reservation of ordinary shares from the company's authorized unissued share capital to be used for equity-based compensation.
When was the 2024 Global Equity Incentive Plan approved?
The plan was approved by the Board of Directors on August 15, 2024.
What is the par value of the ordinary shares under the plan?
The par value of the ordinary shares is NIS 0.01 per share.
Who approved the 2024 Global Equity Incentive Plan?
The Board of Directors of Wearable Devices Ltd. approved the plan.
What type of filing is this report?
This is a Form 6-K, a Report of Foreign Private Issuer.
Filing Stats: 801 words · 3 min read · ~3 pages · Grade level 12.6 · Accepted 2024-08-22 16:00:17
Filing Documents
- ea0212016-6k_wearable.htm (6-K) — 17KB
- ea021201601ex10-1_wearable.htm (EX-10.1) — 251KB
- ea021201601ex10-2_wearable.htm (EX-10.2) — 93KB
- ex10-1_001.jpg (GRAPHIC) — 6KB
- 0001213900-24-071825.txt ( ) — 370KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Wearable Devices Ltd. Date: August 22, 2024 By: /s/ Asher Dahan Asher Dahan Chief Executive Officer 3