Item 11. Executive Compensation.

The following table sets forth the compensation paid to named executive officers during the fiscal years ended May 31, 2026 and 2025:

Summary Compensation Table

Outstanding Equity Awards at Fiscal Year End

None.

Directors’ Compensation

Greystone compensates members of its Board of Directors at a rate of $12,500 per meeting attended. Due to liquidity constraints, only two board meeting payments were made during fiscal 2026. Thereafter, director compensation was suspended, and no amounts related to meetings attended after the suspension are payable to the directors. The following table sets forth compensation paid, earned or awarded during the fiscal year ended May 31, 2026 to each of our directors, whose compensation is included above in the “2026 Summary Compensation Table.”

Because the Board of Directors consists of four persons of which three are outside directors, the Board has not considered it necessary to create a compensation committee. All of Greystone’s directors participate in determining compensation for officers with Mr. Kruger abstaining from any discussions concerning his compensation.

Compensation Program as it Relates to Risk    

We have reviewed our compensation policies and practices for both executives and non-executives as they relate to risk and have determined that at this time they are not reasonably likely to have a material adverse effect on us.