Core Viewpoint - Green Rain Energy Holdings Inc. has issued a clarification regarding the restricted common shares granted to CEO Alfredo Papadakis, emphasizing transparency and alignment of executive performance with long-term shareholder value [1][5]. Company Overview - Green Rain Energy Holdings is based in Wyoming and focuses on sustainable energy initiatives through its subsidiary Green Rain Solar Inc. The company aims to transform rooftops into renewable energy assets and expand EV charging networks across the nation [3]. Shareholder Information - The Board Resolution and Shareholder Written Consent, both dated October 10, 2025, are attached for reference, providing shareholders with insight into the recent share issuance [3][5]. - The restricted shares granted to CEO Papadakis come with a four-year restriction tied to executive compensation terms, not a regulatory requirement [5]. Purpose of Share Restrictions - The restriction on shares is designed to align the CEO's performance with the long-term interests of shareholders and may involve a vesting schedule or Long-Term Incentive Plan (LTIP) as per Papadakis' employment agreement [5]. Board's Confidence - The issuance of restricted shares reflects the Board's strong confidence in Papadakis' leadership and commitment to governance, transparency, and growth [5].
OTCID: $GREH Clarification Regarding Restricted Share Issuance to CEO Alfredo Papadakis
Globenewswire·2025-11-19 19:23