Citrix® Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
March 02 2021 - 8:30AM
Business Wire
Citrix Systems, Inc. (NASDAQ:CTXS) today announced that on March
1, 2021, Citrix granted a total of 268,248 restricted stock units
to 55 employees who joined Citrix as a result of the acquisition of
Wrike, which completed on February 26, 2021.
These inducement grants of restricted stock units were granted
pursuant to the Citrix Systems, Inc. 2021 Inducement Plan and vest
over three years, with 1/3 vesting on each of the first, second and
third anniversaries of March 1, 2021, subject to continued
employment or service through each applicable vesting date. The
inducement grants are subject to the terms and conditions of the
applicable restricted stock unit agreements and the Citrix Systems,
Inc. 2021 Inducement Plan.
The inducement grants were approved by Citrix’s Compensation
Committee of the Board of Directors, as required by Nasdaq Rule
5635(c)(4), and were granted as a material inducement to employment
in accordance with Nasdaq Rule 5635(c)(4).
About Citrix
Citrix (NASDAQ: CTXS) builds the secure, unified digital
workspace technology that helps organizations unlock human
potential and deliver a consistent workspace experience wherever
work needs to get done. With Citrix, users get a seamless work
experience and IT has a unified platform to secure, manage, and
monitor diverse technologies in complex cloud environments.
For Citrix Investors:
This release contains forward-looking statements which are made
pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933 and of Section 21E of the Securities
Exchange Act of 1934. The forward-looking statements in this
release do not constitute guarantees of future performance. Those
statements, which are not strictly historical statements,
including, without limitation, statements regarding the continued
service of Wrike employees and the future vesting of inducement
grants constitute forward-looking statements. Such forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results to differ materially from those
anticipated by the forward-looking statements, including, without
limitation, the ability to attract, retain and incentivize key
talent; and other risks detailed in Citrix’s filings with the
Securities and Exchange Commission. Citrix assumes no obligation to
update any forward-looking information contained in this press
release or with respect to the announcements described herein.
© 2021 Citrix Systems, Inc. Citrix, the Citrix logo, and other
marks appearing herein are the property of Citrix Systems, Inc. and
may be registered with the U.S. Patent and Trademark Office and in
other countries. All other marks are the property of their
respective owners.
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Karen Master Citrix +1 216-396-4683 Karen.master@citrix.com
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