Pier 1 Announces Employment Inducement Award Pursuant to NYSE Rule 303A.08
PIER 1 IMPORTS (PIR)
Last pier 1 imports earnings: 6/26 04:15 pm
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US:NYSE Investor Relations:
investors.pier1.com
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Source: Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)-- Pier 1 Imports, Inc. (NYSE:PIR) today announced that Donna Noce Colaco has joined the Company as Executive Vice President and Chief Customer Officer, effective December 3, 2018. Pursuant to the terms of her employment, on December 3, 2018, Ms. Colaco received a one-time award of restricted stock having a value of $600,000. The award consists of 384,615 shares, based on the 30-day trailing average of the closing price of Pier 1 Imports, Inc. common stock as of December 3, 2018. The shares will vest in equal annual installments on the second and third anniversaries of the grant date, subject to Ms. Colaco’s continued employment with the Company. These shares have been granted in reliance on the employment inducement exception to shareholder approval provided under New York Stock Exchange Listing Rule 303A.08. The award to Ms. Colaco contains “double-trigger” pro
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