Cerence Announces Equity Grant to Employee Under Inducement Plan
Cerence Inc. (CRNC)
Last cerence inc. earnings: 2/11 07:00 am
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Source: GlobeNewswire
BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the “Company”), AI for a world in motion, today announced that, in connection with Daniel Tempesta’s recent appointment as Chief Financial Officer effective March 18, 2024, the Company granted Mr. Tempesta an initial equity award with a target aggregate value of $3 million. Such award consists of 102,599 time-based restricted stock units and 102,599 performance-based restricted stock units, based on the average closing price of the Company’s common stock over the trailing 20 trading days ending on the date of grant. The time-based restricted stock units will vest in three equal installments on each of October 1, 2024, October 1, 2025, and October 1, 2026, in each case subject to Mr. Tempesta’s continued service with the Company through the applicable vesting date. The performance-based restricted stock units will be earned based on the Company’s performance upon the completion of each of fiscal year 2
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- CERENCE INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNCPR Newswire
CRNC
Earnings
- 2/6/24 - Beat
CRNC
Sec Filings
- 5/1/24 - Form 144
- 4/23/24 - Form 4
- 4/22/24 - Form 144
- CRNC's page on the SEC website