Harvest execs surrender stock options for reprice, redistribution

Three key executives at Harvest Health will surrender a total of 2.4 million stock options back to the company – without compensation – so the options can be redistributed to employees throughout the company.

It’s a novel concept, but common equity holders will still be diluted.

By taking this action, Chairman Jason Vedadi, CEO Steve White and operational leader Joe Sai are sending a message to employees and investors that they are focused on the long-term success of Harvest Health and willing to think creatively to provide incentives to their employees.

Distributing options more widely to employees should better align the interest of employees with that of equity shareholders: to move the stock price higher.

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