Cerence Announces Equity Grant to Employee Under Inducement Plan Pursuant to Nasdaq Listing Rule 5635(c)(4)
Cerence Inc. (CRNC)
Last cerence inc. earnings: 2/11 07:00 am
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Source: GlobeNewswire
BURLINGTON, Mass., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the “Company”), AI for a world in motion, today announced that, in connection with Brian Krzanich’s recent appointment as Chief Executive Officer and President effective October 7, 2024, the Company granted Mr. Krzanich an initial equity award with a target aggregate value of $6 million, based on the average closing price of the Company’s common stock over the trailing 20 trading days ending on the date of grant. Such award consists of 1,038,062 time-based restricted stock units and a target of 1,038,062 performance-based restricted stock units. The time-based restricted stock units will vest in three equal installments on each of October 7, 2025, October 7, 2026, and October 7, 2027, in each case subject to Mr. Krzanich’s continued service with the Company through the applicable vesting date. The performance-based restricted stock units will be earned based on the achievement of Company performance me
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News
- Cerence (CRNC) Is Attractively Priced Despite Fast-paced Momentum [Yahoo! Finance]Yahoo! Finance
- Cerence appoints Brian Krzanich as CEO [Seeking Alpha]Seeking Alpha
- Cerence Appoints Brian Krzanich as Chief Executive OfficerGlobeNewswire
- Cerence Inc. (CRNC) Differentiates AI Offerings in Automotive Industry; TD Cowen Lowers Price Target to $10, Maintains Buy Rating [Yahoo! Finance]Yahoo! Finance
- Tuya Smart Selects Cerence to Provide Multi-Lingual Text-to-Speech for its Two-Wheeler Developer PlatformGlobeNewswire
CRNC
Earnings
- 8/8/24 - Beat
CRNC
Sec Filings
- 10/15/24 - Form 4
- 10/10/24 - Form 3
- 10/10/24 - Form S-8
- CRNC's page on the SEC website