SunPower grants 1.0 million RSUs to new CFO Tom Kowalczuk

1 min read | Published on 08 Jul 2026, 04:51 AM |Updated on 08 Jul 2026, 04:51 AM

Reviewed by

Ashish TScanX News Team

Key Highlights

SunPower Inc. granted 1.0 million RSUs to new CFO Tom Kowalczuk, vesting over five years. The award was approved under Nasdaq Rule 5635(c) as an employment inducement. The company focuses on residential solar services in North America.

*this image is generated using AI for illustrative purposes only.

SunPower Inc. granted 1.0 million time-based restricted stock units (RSUs) to Tom Kowalczuk in connection with his appointment as Chief Financial Officer on June 30, 2026. The inducement award was approved by the Board of Directors without shareholder approval under Nasdaq Stock Market Listing Rule 5635(c), which governs employment inducement awards. The grant aligns executive compensation with the company’s performance and retention goals as SunPower continues to focus on residential solar services in North America.

Vesting Schedule

The RSUs are subject to a five-year vesting schedule tied to Mr. Kowalczuk’s continuous service. The structure ensures long-term commitment to the company’s strategic objectives.

Vesting Milestone	Percentage of RSUs
One year after grant	20%
Annually over following four years	Remainder

Regulatory Approval

The Board of Directors approved the grant on the commencement date, June 30, 2026, bypassing the need for shareholder approval by classifying the award as an employment inducement. This exception is permitted under Nasdaq Listing Rule 5635(c), which requires public disclosure of such grants. The rule allows companies to offer inducement materials to new employees as an incentive to join the organization.

SunPower Inc. (Nasdaq: SPWR) is a solar technology, services, and installation company. Its digital platform and installation services support energy needs for customers transitioning to energy-efficient lifestyles.