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Stock impact report

Inducement Grants to Executive Officers [Yahoo! Finance]

Purple Innovation, Inc. (PRPL) 
Last purple innovation, inc. earnings: 3/9 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
LEHI, Utah March 14, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure ® Mattress," today announced the Todd Vogensen, Chief Financial Officer, and Tricia McDermott , Chief Legal Officer received equity grants. These inducement grants were originally granted in connection with each officer's initial employment offer in October 2023 , but delayed for official granting until the post-2024 earnings call open window period The grants consist of performance share units (PSUs) and restricted share units (RSUs). The PSUs have a three-year cliff vesting schedule and are contingent on the stock price achieving certain performance targets. The RSU's have a vesting schedule of 1/3rd vesting every 12 months on the anniversary of the grant. These grants are an inducement grants outside of the Company's 2017 Equity Incentive Plan in accordance with the NASDAQ inducement grant exception found in NAS Show less Read more
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