Synchronoss Technologies, Inc. Reports Inducement Grants to Employees Under Nasdaq Listing Rule 5635(c)(4)
May 27 2022 - 4:05PM
Synchronoss Technologies, Inc.
(“Synchronoss” or the “Company”) (Nasdaq: SNCR), 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 five 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 five newly hired employees an aggregate
of 18,600 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
16,200 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 Synchronoss
Synchronoss Technologies (Nasdaq: SNCR) builds software that
empowers companies around the world to connect with their
subscribers in trusted and meaningful ways. The company’s
collection of products helps streamline networks, simplify
onboarding, and engage subscribers to unleash new revenue streams,
reduce costs and increase speed to market. Hundreds of millions of
subscribers trust Synchronoss products to stay in sync with the
people, services and content they love. That’s why more than 1,500
talented Synchronoss employees worldwide strive each day to
reimagine a world in sync. Learn more
at www.synchronoss.com
MediaDomenick
CileaSpringboarddcilea@springboardpr.com
InvestorsMatt Glover/Tom ColtonGateway Group,
Inc.SNCR@gatewayir.com
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