{"url_path":"/sec/aitx/10-k/2026/item-11","section_key":"item-11","section_title":"Item 11 EXECUTIVE COMPENSATION**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-09","source_url":"https://www.sec.gov/Archives/edgar/data/1498148/0001493152-26-027796-index.html","accession_number":"0001493152-26-027796","cik":"0001498148","ticker":"AITX","issuer_name":"Artificial Intelligence Technology Solutions Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1498148/0001493152-26-027796-index.html","primary_entity_key":"0001498148","primary_entity_name":"Artificial Intelligence Technology Solutions Inc."},"word_count":784,"has_tables":true,"body_markdown":"**ITEM\n11. EXECUTIVE COMPENSATION**\n\n \n\nThe\nfollowing table summarizes all compensation recorded by us in the past two fiscal years for Mr. Reinharz , our President and Chief Executive\nOfficer , Anthony Brenz, our Chief Financial Officer\n\n \n\n**2026\nAND 2025 SUMMARY COMPENSATION TABLE**\n\n \n\nName and Principal\nPosition \n\n**Fiscal**\n\n**Year**\n  \nSalary\n\nor\nFees\n($)  \nBonus\n\n($)  \nStock\n\nAwards(2)\n($)  \nOption\n\nAwards\n($)  \nNon-Equity\n\nIncentive Plan\nCompensation\n($)  \nNon-Qualified\n\nDeferred\nCompensation\nEarnings\n($)  \nAll\nOther\nCompensation\n($)  \nTotal\n\n($) \n\nSteven Reinharz \n2026  \n420,000  \n —  \n 1,500,000  \n —  \n —  \n 1,000,000  \n —  \n 2,920,000 \n\nChief Executive Officer, Chief Financial Officer,\nSecretary (1) \n2025  \n 320,000  \n 836,167  \n 1,500,000  \n —  \n —  \n 1,663,833  \n —  \n 4,320,000 \n\n  \n   \n    \n    \n    \n    \n    \n    \n    \n   \n\nAnthony Brenz \n2026  \n 211,865  \n —  \n —  \n —  \n —  \n —  \n 1,200  \n 213,055 \n\nChief Financial Officer (1) \n2025  \n 200,408  \n 1,000  \n —  \n 17,975  \n —  \n —  \n 1,200  \n 208,988 \n\n \n\n(1)\nSteven\nReinharz was appointed Chief Executive Officer, Chief Financial Officer and Secretary on March 2, 2021.Mr.Reinharz ceased being Chief\nFinancial Officer on June 24, 2021 and on that date appointed Anthony Brenz as Chief Financial Officer\n\n(2)\nStock\nawards are payable in Series G and are included in long term liabilities as they will not be paid out in the current year.\n\n \n\n**Employment\nAgreements**\n\n \n\nOn\nApril 9, 2021 Mr. Reinharz entered into an employment agreement with the Company in connection with his service as Chief Executive Officer.\nThe agreement began on April 9, 2021 and has a three-year term, renewable thereafter on an annual basis if neither party files a notice\nof termination 90 days prior to the term renewal date. The agreement provides for compensation of $240,000 base salary (to be reviewed\nannually by the Board of Directors) and bonuses to be granted at the discretion of the Board of Directors. The salary for the fiscal\nyear ended February 28, 2026 was $420,000.\n\n \n\nO**utstanding\nEquity Awards at 2026 Fiscal Year-End**\n\n \n\nThe\nfollowing table provides information concerning unexercised options, stock that has not vested and equity incentive plan awards for Mr\nBrenz, our sole executive officers outstanding as of February 28, 2026:\n\n \n\nOPTION\nAWARDS \nSTOCK\nAWARDS \n\nName \nNumber\nof Securities Underlying Unexercised Options (#) Exercisable  \nNumber\nof Securities Underlying Unexercised Options (#) Unexercisable  \nEquity\nIncentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options\n(#)  \nOption\nExercise Price\n($)  \nOption\nExpiration Date \nNumber\nof Shares or Units of Stock That Have Not Vested (#)  \nMarket\nValue of Shares or Units of Stock That Have Not Vested ($)  \nEquity\nIncentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)  \nEquity\nIncentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) \n\nAnthony Brenz \n          0  \n            0  \n 45,000  \n$2.00  \nSept. 1, 2027 \n 45,000  \n$12,825  \n        0  \n        0 \n\nAnthony Brenz \n 0  \n 0  \n 100,000  \n$2.00  \nSept. 1, 2028 \n 100,000  \n$28,500  \n 0  \n 0 \n\n \n\n-36-\n\n[Table of Contents](#toc_001)\n\n \n\nOn\nApril 14, 2021, the Shareholders of Series E Preferred Stock and the Board of Directors of our Company (“Board”) approved\nand adopted the 2021 Incentive Stock Plan (the “2021 Plan”). On August 11, 2022 the Company amended the 2021 Plan increasing\nthe maximum number of shares applicable to the 2021 Plan from 50,000 to 1,000,000. On August 14,2023 the Company further amended the\nplan increasing the maximum shares to 2,000,000.\n\n \n\nThe\npurpose of the 2021 Plan is to promote the success of the Company by authorizing incentive awards to retain Directors, executives, selected\nEmployees and Consultants, and reward participants for making major contributions to the success of the Company. The 2021 Plan authorizes\nthe granting of stock options, restricted stock, restricted stock units, stock appreciation rights and stock awards. A total of two d\nmillion (2,000,000) shares of common stock may be issued under the 2021 Plan. All awards under the 2021 Plan, whether vested or unvested,\nare subject to the terms of any recoupment, clawback or similar policy of the Company in effect from time to time, as well as any similar\nprovisions of applicable law, which could in certain circumstances require repayment or forfeiture of awards or any shares of stock or\nother cash or property received with respect to the awards, including any value received from a disposition of the shares acquired upon\npayment of the awards. The 2021 Plan will be administered by the Board or any Committee authorized by the Board, if applicable, which\nwill have the sole authority to, among other things: construe and interpret the 2021 Plan; make rules and regulations relating to the\nadministration of the 2021 Plan; select participants; and establish the terms and conditions of awards, all in accordance with the terms\nof the 2021 Plan. The 2021 Plan will remain in effect until April 14, 2031, unless sooner terminated by the Board. Termination will not\naffect awards then outstanding."}