Stitch Fix Announces New Employee Inducement Grant
January 19 2024 - 4:05PM
Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling
service, today announced that effective January 18, 2024, the
compensation committee of the company’s board of directors granted
restricted stock units (RSUs) to one new employee to acquire 63,679
shares of the company’s Class A common stock. One fourth of these
restricted stock units will vest on March 13, 2024, and the
remainder will vest in 3 equal quarterly installments of 1/4th over
the next three subsequent quarterly RSU vesting dates, subject to
the recipient's continuous service on each vesting date. The RSUs
were granted pursuant to, and are subject to the terms of, the
Stitch Fix, Inc. Amended and Restated 2019 Inducement Plan and
forms of stock option and RSU agreements thereunder, which were
approved by the company's board of directors in April 2022 under
Rule 5635(c)(4) of the Nasdaq Global Market for equity grants to
induce new employees to enter into employment with the company.
About Stitch Fix, Inc.
Stitch Fix combines the human touch of expert
stylists with the precision of advanced data science to make online
personal styling accessible to everyone. Stitch Fix helps millions
of clients across the United States find clothing and accessories
they love through a unique model that can extend far beyond the
closet to define the future of shopping. For more, visit
https://www.stitchfix.com.
IR
Contact:Hayden Blairir@stitchfix.com |
PR
Contact:Kathryn Hullmedia@stitchfix.com |
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