ICTSI creates new share class as incentive for CEO

By Nazylen Joy Mabanglo

Jun 06, 2026 12:07 am

INTERNATIONAL Container Terminal Services Inc. (ICTSI) has secured regulatory approval for the creation of a new class of preferred shares to be used for a proposed CEO stock option plan.

In separate disclosures, ICTSI said the Securities and Exchange Commission (SEC) on June 4 approved the creation of 25 million preferred C shares, amendments to the company’s articles of incorporation and by-laws and related changes to its capital structure.

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