Cardlytics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
October 27 2023 - 5:09PM
Cardlytics, Inc. (NASDAQ: CDLX), an advertising platform in banks’
digital channels, today announced that, on October 25, 2023, the
Compensation Committee of Cardlytics’s Board of Directors granted
an aggregate of 305,800 restricted stock units of Cardlytics to 10
newly hired employees. The restricted stock units were granted as
material inducements to employment with Cardlytics in accordance
with Nasdaq Listing Rule 5635(c)(4) and were granted under the
Cardlytics, Inc. 2022 Inducement Plan (the “2022 Inducement Plan”).
The 10 newly hired employees were granted restricted stock units
on one of two different vesting schedules. For some of the grant
recipients, 100% of the restricted stock units shall vest on the
first anniversary of the grant date, subject to the employees’
continuous service with Cardlytics through the vesting date. For
the other grant recipients, 50% of the restricted stock units shall
vest on the first anniversary of the grant date, and the remaining
50% shall vest quarterly over the subsequent 12 months, subject to
the employees’ continuous service with Cardlytics through the
vesting date. The restricted stock units are subject to the terms
and conditions of the 2022 Inducement Plan.
About CardlyticsCardlytics (NASDAQ: CDLX) is a
digital advertising platform. We partner with financial
institutions to run their banking rewards programs that promote
customer loyalty and deepen banking relationships. In turn, we have
a secure view into where and when consumers are spending their
money. We use these insights to help marketers identify, reach, and
influence likely buyers at scale, as well as measure the true sales
impact of marketing campaigns. Headquartered in Atlanta, Cardlytics
has offices in Menlo Park, New York, Los Angeles, and London. Learn
more at www.cardlytics.com.
PR Contact:
Robert
Robinsonpr@cardlytics.com
Investor Relations:Robert
Robinsonir@cardlytics.com
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