Synchronoss Technologies, Inc. Reports Inducement Grants to Employees Under Nasdaq Listing Rule 5635(c)(4)
September 30 2022 - 4:05PM
Synchronoss Technologies, Inc. (SNCR) (the “Company” or
“Synchronoss”), a global leader and innovator in cloud, messaging
and digital products and platforms, today announced that the
Company issued restricted stock and stock option awards to seven
newly hired employees. Each of these grants was an inducement award
that was approved by the Compensation Committee of Synchronoss’
Board of Directors, and granted as an inducement equity award under
the Company's 2017 New Hire Equity Incentive Plan in accordance
with Nasdaq Listing Rule 5635(c)(4).
Synchronoss granted the seven newly hired employees an aggregate
of 7,275 time-based restricted stock awards. The shares of
restricted stock will vest 25% on the first, second, third and
fourth anniversary of the grant date subject to continuous service
thereafter. In addition, the employees received an aggregate of
2,425 time-based stock option awards. The Stock Options will vest
25% on the first, second, third, and fourth anniversary of the
grant date subject to continuous service thereafter.
About SynchronossSynchronoss Technologies
(Nasdaq: SNCR) builds software that empowers companies around the
world to connect with their subscribers in trusted and meaningful
ways. The company’s collection of products helps streamline
networks, simplify onboarding, and engage subscribers to unleash
new revenue streams, reduce costs and increase speed to market.
Hundreds of millions of subscribers trust Synchronoss products to
stay in sync with the people, services, and content they love.
Learn more at www.synchronoss.com.
MediaDomenick
CileaSpringboarddcilea@springboardpr.com
InvestorsMatt Glover/Tom ColtonGateway Group,
Inc.SNCR@gatewayir.com
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