SCOTTSDALE, Ariz., Nov. 5, 2021 /PRNewswire/ -- Limelight Networks,
Inc. (Nasdaq: LLNW), a leading provider of content delivery
and AppOps at the edge, today announced that on November 5,
2021, it granted an aggregate of 10,691,757 restricted stock
units ("RSUs") to 56 new employees who joined Limelight as a result
of its acquisition of Moov Corporation (doing business as Layer0),
which was completed in September
2021.
The RSUs were granted as inducements to employment in accordance
with NASDAQ Listing Rule 5635(c)(4). As announced in our press
release dated July 28, 2021, Limelight established this retention
pool of $30 million worth of RSUs to be granted to the Layer0
team, with one-third of those RSUs subject to service-based vesting
over a period of either 3 or 4 years and the remainder subject to
vesting based on the achievement of certain financial and
operational performance metrics by June 30, 2025. The grants will
be subject to the terms and conditions of the Limelight Networks,
Inc. 2021 Inducement Plan.
About Limelight Networks
Limelight Networks, Inc.
(NASDAQ: LLNW) is an industry-leader in content delivery and AppOps
at the edge that provides powerful tools and a client-first
approach to optimize and deliver digital experiences at the edge.
We are a trusted partner to the world's biggest brands and serve
their global customers with experiences such as livestream sporting
events, global movie launches, video games or file downloads for
new phone apps. Limelight offers one of the largest, best-optimized
private networks coupled with a global team of industry experts to
provide edge services that are fast, secure and reliable. For
more information, visit www.limelight.com, follow us
on Twitter, Facebook and LinkedIn.
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SOURCE Limelight Networks