Safe & Green Holdings Corp. (NASDAQ: SGBX), a leading developer, designer, and fabricator of modular structures, has announced that its CEO, Paul Galvin, has chosen to receive a portion of his 2023 performance bonus in shares of the company’s common stock instead of cash. This decision reflects Galvin’s unwavering commitment to the company’s success and his belief in its team and partners.
Galvin will be granted 69,960 shares of Safe & Green Holdings’ common stock, equivalent to approximately $165,805 of his $350,000 performance bonus. The value of the shares is based on the closing price of the company’s stock on July 9, 2024.
Expressing his confidence in the company’s future, Galvin stated, ‘It was an easy decision for me. I am a true believer in the Company, its team, and partners. This reiterates my commitment to the Company’s success for the second half of 2024 and beyond, where our goal remains to maximize returns for our shareholders.’
Tricia Kaelin, the CFO of Safe & Green Holdings, expressed gratitude for Galvin’s decision, emphasizing the positive impact it will have on the company’s balance sheet, cash flow, and equity position. Kaelin also highlighted the company’s achievements in 2023, including the successful NASDAQ spin-out of its development company, Safe & Green Development Corp. (NASDAQ: SGD). Looking ahead, Safe & Green Holdings aims for continued growth in 2024.
Safe & Green Holdings Corp. is a leading modular solutions company that specializes in the development, design, and fabrication of modular structures. The company supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and higher-value buildings. Its subsidiary, Safe and Green Development Corporation, is a prominent real estate development company that focuses on purpose-built, prefabricated modules made from wood and steel.
For more information about Safe & Green Holdings Corp., visit their website at [https://www.safeandgreenholdings.com/](https://www.safeandgreenholdings.com/) and follow them on Twitter at @SGHcorp.
Safe Harbor Statement: This press release contains forward-looking statements within the meaning of the federal securities laws. While the Company believes these statements are reasonable, they are subject to various risks and uncertainties that could cause actual results to differ materially from current expectations. The Company undertakes no obligation to update any forward-looking statements in this release.
For investor relations, please contact Crescendo Communications, LLC at 212-671-1020 or email SGBX@crescendo-ir.com.