Synchronoss Technologies, Inc. Reports Inducement Grants to Employees Under Nasdaq Listing Rule 5635(c)(4)
March 25 2021 - 4:40PM
Synchronoss Technologies, Inc. (SNCR) (the “Company” or
“Synchronoss”), a global leader and innovator in cloud, messaging
and digital products and platforms, today announced that the
Company issued restricted stock and stock option awards to six
newly hired employees. Each of these grants was an inducement award
that was approved by the Compensation Committee of Synchronoss’
Board of Directors, and granted as an inducement equity award under
the Company's 2017 New Hire Equity Incentive Plan in accordance
with Nasdaq Listing Rule 5635(c)(4).
Synchronoss granted the six newly hired employees an aggregate
of 6,600 time-based restricted stock awards. The shares of
restricted stock will vest 25% on the first, second, third and
fourth anniversary of the grant date subject to continuous service
thereafter. In addition, the employees received an aggregate of
2,200 time-based stock option awards. The Stock Options will vest
25% on the first, second, third, and fourth anniversary of the
grant date subject to continuous service thereafter.
About SynchronossSynchronoss transforms the way companies create
new revenue, reduce costs and delight their subscribers with cloud,
messaging and digital products, supporting hundreds of millions of
subscribers across the globe. Synchronoss’ secure, scalable and
groundbreaking new technologies, trusted partnerships and talented
people change the way TMT customers grow their business. For more
information, visit us at www.synchronoss.com.
Media
Diane RoseCCgroupdiane@ccgrouppr.com
Investors Todd Kehrli/Joo-Hun Kim MKR Investor
Relations, Inc. investor@synchronoss.com
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