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Stock impact report

Vislink Technologies, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Vislink Technologies, Inc. (VISL) 
Company Research Source: GlobeNewswire
Mt. Olive, NJ, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (“Vislink” or the “Company”) (Nasdaq: VISL) announced today that effective August 29, 2024, Joseph Lipowski was granted a time-based and performance-based award of 10,000 restricted stock units (“RSUs”) of the Company, outside of the Company’s existing equity compensation plans, in connection with Mr. Lipowski becoming employed as of that date as Chief Technology Officer of the Company. These RSUs were granted as an inducement grant material to Mr. Lipowski becoming an employee of Vislink in accordance with Nasdaq Listing Rule 5635(c)(4). For Mr. Lipowski, 50% of the inducement RSUs are time-based and will vest as to one-third of such time-based RSUs on each anniversary date over a period of three years. The balance of the inducement RSUs is performance-based. The performance-based RSUs will vest in three equal tranches of shares upon the Company’s attainment of specified performance metrics to be set by th Show less Read more
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