AST SpaceMobile (ASTS) shares dropped to a four-month low following the release of a proposed performance-based compensation plan for its CEO. The company is seeking shareholder approval for an executive pay structure tied to satellite deployment and revenue milestones.
The firm failed to meet key targets for satellite production and the number of units in orbit by early 2026. It also reported $70.9 million in annual revenue, missing its $75 million target.
While the company met goals related to funding and liquidity, the market reaction reflects concerns over its operational execution. Investors remain focused on the company's ability to complete its planned satellite constellation rollout.