The Honest Company Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
March 01 2024 - 6:00PM
The Honest Company (NASDAQ: HNST), a personal care company
dedicated to creating clean- and sustainably-designed products,
today announced that it made an inducement grant to Ms. Dorria L.
Ball in connection with her employment as The Honest Company’s new
Chief People Officer, effective January 2, 2024. Such grant was
made under The Honest Company, Inc. 2023 Inducement Plan, which was
approved and adopted on March 14, 2023, by the Company’s
Compensation Committee of the Board of Directors. The Compensation
Committee granted Ms. Ball an aggregate of 208,757 restricted stock
units under the 2023 Inducement Plan.
The grant was approved by the Compensation
Committee on February 29, 2024, pursuant to a delegation by the
Board of Directors and was issued as an equity grant pursuant to
Nasdaq Listing Rule 5635(c)(4), as an inducement material to Ms.
Ball entering into employment with The Honest Company. The
restricted stock units granted are subject to a vesting schedule
commencing on February 29, 2024, with 25% of the restricted stock
units vesting on March 4, 2025 and an additional 6.25% of the
restricted stock units vesting on each quarterly vesting date
thereafter, subject to Ms. Ball’s continued employment.
About The Honest CompanyThe Honest
Company (NASDAQ: HNST) is a digitally-native consumer products
company dedicated to creating clean- and sustainably-designed
products spanning baby care, beauty, personal care, wellness and
household care. Honest products are available via Honest.com,
third-party ecommerce customers and approximately 51,000 retail
locations across the United States and Canada. Based in Los
Angeles, CA, the Company’s mission, to inspire everyone to love
living consciously, is driven by its values of transparency, trust,
sustainability and a deep sense of purpose around what matters most
to its consumers: their health, their families and their homes. For
more information about the Honest Standard and the Company, please
visit www.honest.com.
Investor Contacts:Elizabeth
Bouquardebouquard@thehonestcompany.com
Investor
Inquiries:investors@thehonestcompany.com
Media Contact:Jennifer Kroog
Rosenbergjrosenberg@thehonestcompany.com
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