Glu Mobile Announces New Employment Inducement Awards
GLU MOBILE (GLUU)
Last glu mobile earnings: 2/5 04:02 pm
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Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)-- Glu Mobile Inc. (NASDAQ: GLUU), a leading developer and publisher of mobile games, today announced that on May 14, 2019, its Compensation Committee awarded the following equity awards, in the aggregate, to four newly hired employees: (1) time-vesting stock option awards to purchase an aggregate of 105,361 shares of Glu’s common stock, (2) time-vesting restricted stock unit awards covering an aggregate of 13,500 shares of Glu’s common stock and (3) performance-based restricted stock unit awards covering an aggregate of 13,424 shares of Glu’s common stock, each pursuant to Glu’s 2018 Equity Inducement Plan. The time-vesting stock options have ten-year terms, vest on a four-year schedule (25% of the underlying shares will vest on May 14, 2020 and 2.083% of the underlying shares will vest monthly thereafter) and have a per share exercise price equal to $8.63, which was the closing
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