Glu Mobile Announces New Employment Inducement Awards
October 09 2019 - 4:30PM
Business Wire
Glu Mobile Inc. (NASDAQ: GLUU), a leading developer and
publisher of mobile games, today announced that on October 8, 2019,
its Compensation Committee awarded time-vesting restricted stock
unit awards covering an aggregate of 95,303 shares of Glu’s common
stock to three newly hired employees, each pursuant to Glu’s 2018
Equity Inducement Plan. The restricted stock unit awards each vest
with respect to 25% of the underlying shares on November 15, 2020,
with the remaining 75% of the underlying shares vesting in equal
quarterly installments over the next three years on the same day of
each third month (e.g., the next quarterly vesting date will be
February 15, 2021, then May 15, 2021, etc.).
Glu’s Compensation Committee adopted the 2018 Equity Inducement
Plan, which is a non-stockholder approved plan, to facilitate the
granting of equity awards as an inducement material to new
employees joining Glu. Nasdaq Marketplace Rule 5635(c)(4) requires
a public announcement of equity awards made under this type of
plan.
About Glu Mobile
Glu Mobile (NASDAQ: GLUU) is a leading creator of mobile games.
Founded in 2001, Glu is headquartered in San Francisco with
additional locations in San Mateo, Toronto and Hyderabad. With a
history spanning over a decade, Glu’s culture is rooted in taking
smart risks and fostering creativity to deliver world-class
interactive experiences for our players. Glu’s diverse portfolio
features top-grossing and award-winning original and licensed IP
titles including, Cooking DASH, Covet Fashion, Deer Hunter, Design
Home, Diner DASH Adventures, Kim Kardashian: Hollywood and MLB Tap
Sports Baseball available worldwide on various platforms including
the App Store and Google Play. For more information, visit
www.glu.com or follow Glu on Twitter, Facebook and Instagram.
Cooking DASH, Covet Fashion, Deer Hunter, Design Home, Diner
DASH, Tap Sports, Glu and Glu Mobile are trademarks of Glu Mobile
Inc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191009005732/en/
Investor Relations: Ellipsis Bob Jones / Taylor Krafchik
IR@glu.com (646) 776-0886
Glu Mobile (NASDAQ:GLUU)
Historical Stock Chart
From Aug 2024 to Sep 2024
Glu Mobile (NASDAQ:GLUU)
Historical Stock Chart
From Sep 2023 to Sep 2024