Titan Logix Corp. (TSXV: TLA), an Edmonton-based technology company specialising in advanced measurement solutions for bulk liquids transportation, has announced that its Board of Directors approved the grant of 750,000 incentive stock options to two senior officers. The options are exercisable at $0.53 per share over a five-year term ending September 10, 2031. The grant is intended to align executive compensation with long-term shareholder value, incorporating both time-based vesting and defined share price targets. Investors may be watching to assess how the expanded option pool affects the company's overall equity structure.

Key Points

  • Titan Logix Corp. (TSXV: TLA) is an Edmonton-based technology company specialising in bulk liquids measurement solutions.
  • The Board approved 750,000 incentive stock options — 500,000 to CEO Nicholas Forbes and 250,000 to CFO Michael Martin.
  • Options are exercisable at $0.53 per share for five years, with vesting spanning one to four years subject to time-based and share price conditions.
  • Following the grant, TLA has 1,700,000 options outstanding out of a maximum 3,000,000 shares reserved under the plan.

Executive Option Allocation and Vesting Structure

Titan Logix's Board of Directors granted 500,000 stock options to Chief Executive Officer Nicholas Forbes and 250,000 to Chief Financial Officer Michael Martin. All 750,000 options carry an exercise price of $0.53 per share and expire on September 10, 2031. The release states that vesting occurs over a period ranging from one to four years from the grant date, contingent on both time-based conditions and defined share price targets. The company described the grant as a measure to rebalance its compensation package to include long-term incentive tied to share appreciation aligned with corporate goals.

Expired Options Reduce Outstanding Pool Before New Grant

The announcement also discloses that since May 31, 2026, a total of 650,000 previously outstanding options expired unexercised. Of these, 350,000 were held by a former officer whose employment ended earlier in 2026, while the remaining 300,000 expired because applicable share price-based vesting targets were not achieved before their expiry dates. As a result, and prior to the new grant taking effect, the company held 950,000 options outstanding under its plan as of September 10, 2026. This expiry activity meaningfully reduced the outstanding option pool before the new awards were added.

Post-Grant Option Pool Relative to Plan Maximum

Following the 750,000-option grant, Titan Logix now has 1,700,000 options outstanding under its stock option plan, which permits a maximum of 3,000,000 common shares reserved for issuance. The plan itself was approved by shareholders at the company's Annual General Meeting held on January 23, 2025. The remaining headroom of 1,300,000 options under the plan's ceiling gives the Board capacity for future grants, though no additional grants were announced or indicated in this release. The immediate share price impact was not clear from available public information.