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Stock impact report

NETGEAR® Announces Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

NETGEAR, Inc. (NTGR) 
Last netgear, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.netgear.com
Company Research Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)--NETGEAR, Inc. (NASDAQ: NTGR), a global networking company that delivers innovative networking and Internet connected products to consumers and businesses, today announced that it granted inducement equity awards to newly-hired Chief Executive Officer, Charles (CJ) Prober, on February 27, 2024, pursuant to an offer letter entered into between NETGEAR and Mr. Prober, dated January 30, 2024 (the “Offer Letter”). The awards were granted in accordance with Nasdaq Listing Rule 5635(c)(4) as a material inducement to Mr. Prober’s employment with NETGEAR.The inducement awards consist of three stock unit awards consisting of (1) an award of time-based restricted stock units (“RSUs”) relating to 280,505 shares of NETGEAR’s common stock (the “2024 Annual Award); (2) an award of performance-based RSUs with a target amount of 455,820 shares of NETGEAR’s common stock (the “Sign-On PSU Award”); and (3) an award of time-based RSUs relating to 175,315 shares of NE Show less Read more
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