Canadian Fintech XTM Issues Restricted Share Units

 

 

XTM, a Canada-based fintech that provides mobile banking and payment card solutions, recently announced it has issued its restricted share unit (RSU) plan, pursuant to which the Company may grant options and RSUs to attract, motivate and retain directors, officers, employees, and consultants.

XTM reported that it issued 600,000 RSUs to its Chief Financial Officer and two Board Directors, which vest immediately upon their grant.

“The RSUs were issued as part of the contractual and discretionary compensation set out for such employee and consultants.”

Founded in 2006, XTM acquired, developed, and integrated solutions businesses of every size, which includes challenger banks, credit unions, consumers, and governments. The company’s goal is to disrupt traditional banking with its white-labeled mobile wallet, banded Visa and Mastercard solutions, and platform.

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