Dermot Smurfit cashed in $369,260 from GAN stock options on Wednesday. The share options vested to Smurfit and he immediately sold them, keeping his overall shareholding unchanged. The strike price Smurfit paid for these options was $1.31 per share, and the market price he got when he sold the shares was around $2.75. The difference between those two numbers is the benefit that accrued to Smurfit. From the 250,000 options granted to him, Smurfit made a net $369,260. Where does $369,260 fit in Smurfit’s pay package? Well, GAN hasn’t detailed its executive compensation since the 2020 annual report (the 2021…
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