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Stock impact report

Skillsoft Announces Inducement Grant Under NYSE Rule 303A.08

Skillsoft Corp. Class A (SKIL) 
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)--Skillsoft Corp. (NYSE: SKIL) ("Skillsoft" or the “Company”), a leading platform for transformative learning experiences, today announced that on June 4, 2024, the Compensation Committee of Skillsoft's Board of Directors made a grant to Darren Bance of 40,000 restricted stock units (“RSUs”) in respect of the Company’s Class A common stock. The grant of RSUs was offered as a material inducement to Mr. Bance’s hiring as General Manager of Skillsoft Global Knowledge. Mr. Bance joined the Company on May 6, 2024. The RSUs were granted under the Skillsoft Corp. 2024 Employment Inducement Incentive Award Plan and vest (i) with respect to 75% of such RSUs, ratably over four years, and (ii) with respect to 25% of such RSUs, based on the achievement of both time- and performance-based vesting conditions, as determined by the Board of Directors, in each case, subject to Mr. Bance’s continued employment with the Company through each vesting date.The awards were granted Show less Read more
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