American Battery Technology Company (ABAT) has entered into new two-year employment agreements with its Chief Executive Officer (CEO) Ryan Melsert, Chief Financial Officer (CFO) Alejandro Flores Arteaga, and Chief Operating Officer (COO) Steven Wu. The agreements, effective July 1, 2026, formalize their continued service and outline updated compensation packages, including base salaries, performance-based bonuses, and equity awards.
Key Details
- CEO (Ryan Melsert): Receives an annual base salary of $475,000, a target cash bonus of 75% of salary, $1,000,000 in Restricted Stock Units (RSUs), and an option to purchase 3,000,000 shares.
- CFO (Alejandro Flores Arteaga): Receives an annual base salary of $280,000, a target cash bonus of 75% of salary, $500,000 in RSUs, and an option to purchase 1,000,000 shares.
- COO (Steven Wu): Receives an annual base salary of $350,000, a target cash bonus of 75% of salary, $750,000 in RSUs, and an option to purchase 1,500,000 shares.
- Common Terms: All stock options have an exercise price of $2.76 per share. The performance-based bonuses, including RSUs and options, are tied to the achievement of specific strategic milestones and have a quarterly vesting schedule.