Toro Corp. Launches New 2025 Equity Incentive Plan, Authorizing Up to 3 Million Share-Based Awards for Directors, Employees, and Service Providers

Reuters10-01

<a href="https://laohu8.com/S/TORO">Toro Corp</a>. Launches New 2025 Equity Incentive Plan, Authorizing Up to 3 Million Share-Based Awards for Directors, Employees, and Service Providers

Toro Corp. has announced the adoption of a new 2025 Equity Incentive Plan, following the exhaustion of restricted shares available under its previous plan. Approved by the Board of Directors on September 26, 2025, the new plan authorizes awards of up to 3,000,000 common shares. Eligible recipients include the company's directors, officers, employees, and consultants, as well as affiliates and service providers. The plan provides for a range of share-based awards, including restricted shares and share options, as well as the possibility of cash awards.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Toro Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-036886), on October 01, 2025, and is solely responsible for the information contained therein.

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Launches New 2025 Equity Incentive Plan, Authorizing Up to 3 Million Share-Based Awards for Directors, Employees, and Service Providers\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/TOROV\">Toro Corp</a>. has announced the adoption of a new 2025 Equity Incentive Plan, following the exhaustion of restricted shares available under its previous plan. Approved by the Board of Directors on September 26, 2025, the new plan authorizes awards of up to 3,000,000 common shares. Eligible recipients include the company's directors, officers, employees, and consultants, as well as affiliates and service providers. 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