Windstream announces inducement grants under NASDAQ listing rule 5635(c)(4)
August 14 2017 - 5:30PM
Windstream Holdings, Inc. (NASDAQ:WIN) today announced the grant of
1,061,323 restricted shares of Windstream common stock to new
executive employees, including 707,548 shares to Layne Levine,
President – Enterprise; 94,340 shares to Shawn Murray, Executive
Vice President – Enterprise Sales and 259,435 shares to four new
employees that joined the company as part of the recent acquisition
of Broadview Networks Holdings, Inc.
Each of the equity awards was granted as a material inducement
to each recipient’s acceptance of employment with Windstream and
generally address forfeited compensation and compensation
opportunities with a former employer. Subject to each
recipient’s continued service through each applicable vesting date,
one-third of each reward will vest on March 1, 2018, 2019 and
2020.
Each of the equity awards were approved by the Compensation
Committee of the Board of Directors of Windstream in accordance
with Nasdaq Listing Rule 5635(c)(4). The shares were granted
outside of the company’s 2006 Equity Incentive Plan.
About Windstream
Windstream Holdings, Inc. (NASDAQ:WIN), a FORTUNE 500 company,
is a leading provider of advanced network communications and
technology solutions for consumers, businesses, enterprise
organizations and wholesale customers across the U.S. Windstream
offers bundled services, including broadband, security solutions,
voice and digital TV to consumers. The company also provides data,
cloud solutions, unified communications and managed services to
small business and enterprise clients. The company supplies core
transport solutions on a local and long-haul fiber network spanning
approximately 150,000 miles. Additional information is available at
windstream.com. Please visit our newsroom at news.windstream.com or
follow us on Twitter at @Windstream.
Media Contact:
David Avery, 501-748-5876
david.avery@windstream.com
Investor Contact:
Chris King, 704-319-1025
christopher.c.king@windstream.com