Titan Logix Grants Stock Options to Executives
News related to:Titan Logix Corp · 1 min read
Titan Logix Corp., a technology company specializing in advanced measurement solutions, has granted stock options to two of its key executives as part of its ongoing compensation strategy. The company’s Board of Directors approved the issuance of 750,000 incentive stock options, with 500,000 options awarded to Nicholas Forbes, the Chief Executive Officer (CEO), and 250,000 options given to Michael Martin, the Chief Financial Officer (CFO).
These options are exercisable for a period of five years, ending on September 10, 2031, at a price of $0.53 per share. The options vest over a period from one to four years, subject to both time-based vesting conditions and defined share price targets. This move is intended to align the executives' interests with those of the company’s shareholders, ensuring that their long-term performance is tied to the company’s success.
As of September 10, 2026, the company had 950,000 options outstanding under its stock option plan. Following the recent grant, the total number of outstanding options increased to 1,700,000, out of a maximum of 3,000,000 common shares reserved for issuance. This adjustment reflects the company’s ongoing commitment to providing long-term incentives to its key personnel.
Titan Logix Corp. has been in operation for over 25 years, designing and manufacturing advanced measurement solutions for businesses to reduce risk and maximize efficiencies in bulk liquids transportation. The company’s TD Series of tank level monitors are market leaders in mobile fluid measurement, known for their high accuracy, rugged design, and solid-state reliability. These solutions are used in a wide range of applications, including petroleum, environmental solutions, chemical, and agriculture.
Founded in 1979 and listed on the TSX Venture Exchange, Titan Logix Corp. continues to innovate and expand its offerings to meet the evolving needs of its diverse customer base. The recent stock option grant is part of the company’s broader strategy to retain and motivate its leadership team, ensuring continued growth and success in the competitive technology sector.