Argo Blockchain announced the vesting of Performance Share Units (PSU) in respect of 2,375,000 Ordinary Shares. These shares were issued as part of PSU awards previously granted to Thomas Chippas under the Company's 2022 Equity Incentive Plan.
The vesting of these units represents a component of executive compensation. This transaction is a routine event related to the company's equity incentive program.
Such share issuances can affect the total number of outstanding shares and are part of the company's ongoing financial administration.
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