Lucid Group, Inc. announced that its stockholders have approved an amendment to the company's 2021 Stock Incentive Plan. The approval, granted at the 2026 Annual Meeting of Stockholders on June 4, 2026, significantly increases the number of shares available for issuance under the plan.
Key Details
- Share Increase: The number of shares of Class A common stock available for issuance under the plan has been increased by 23,500,000.
- Effective Date: The increase is effective as of the date of the Annual Meeting, June 4, 2026.
- Other Annual Meeting Results: Shareholders also elected nine directors, ratified the selection of KPMG LLP as the independent auditor for fiscal year 2026, and approved the compensation of named executive officers on an advisory basis.