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Stock impact report

Edgio Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

Edgio, Inc. (EGIO) 
Company Research Source: Business Wire
PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (Nasdaq: EGIO) (“Edgio” or the “Company”), the platform of choice for speed, security, and simplicity at the edge, today announced that it has issued equity-based awards pursuant to its Amended and Restated 2021 Inducement Plan to Brian White, its VP Business Operations, which were awarded in connection with the commencement of his employment. The inducement grant was approved by the Company's independent directors serving on its Compensation Committee and the Company’s Board of Directors and was made as a material inducement to Mr. White’s acceptance of employment with Edgio in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of his employment compensation. The inducement grant consists of Restricted Stock Units (“RSUs”), for 400,000 shares of the Company's common stock. The inducement grant is dated February 2, 2024, and subject to the terms and conditions of the award agreement covering the RSUs and the Company's Amended and Re Show less Read more
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