Everbridge Issues New Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
The Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Everbridge, or following a bona fide period of non-employment, as an inducement material to such individuals entering into employment with Everbridge, pursuant to Nasdaq Listing Rule 5635(c)(4).
The RSUs will vest over four years, with 25% of the underlying shares vesting on the one-year anniversary of the applicable vesting commencement date, and 75% of the underlying shares vesting in equal installments over the next twelve calendar quarters, with the first such installment vesting on the date which is three months after the initial vesting date. The PSUs will vest based on performance measures determined by Everbridge’s Board of Directors or Compensation Committee at the time of grant.
About Everbridge
Everbridge (Nasdaq: EVBG) empowers enterprises and government organizations to anticipate, mitigate, respond to, and recover stronger from critical events. In today’s unpredictable world, resilient organizations minimize impact to people and operations, absorb stress, and return to productivity faster when deploying critical event management (CEM) technology. Everbridge digitizes organizational resilience by combining intelligent automation with the industry’s most comprehensive risk data to Keep People Safe and Organizations Running™. For more information, visit https://www.everbridge.com/, read the company blog, and follow on LinkedIn. Everbridge… Empowering Resilience.
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Everbridge:
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nandan.amladi@everbridge.com
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