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Stock impact report

NETGEAR® Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

NETGEAR, Inc. (NTGR) 
Last netgear, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.netgear.com
Company Research Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)--NETGEAR, Inc. (Nasdaq: NTGR), the leader in advanced networking technologies for businesses, homes and service providers around the world, today announced that it granted equity awards on October 15, 2024 to newly-hired President and General Manager, NETGEAR for Business (NFB), Pramod Badjate as well as several newly-hired employees in multiple business units throughout the company. The awards were granted in accordance with Nasdaq Listing Rule 5635(c)(4) as a material inducement to their commencing employment with NETGEAR.The inducement awards consist of (1) an award of time-based restricted stock units (“RSUs”) relating to 165,000 shares of NETGEAR’s common stock to Mr. Badjate, (2) awards of time-based RSUs covering 208,258 shares of NETGEAR’s common stock to the additional referenced newly-hired employees (each, an “RSU Award”), and (3) an award of performance-based RSUs with a target amount of 55,000 shares of NETGEAR’s common stock to Mr. B Show less Read more
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