BRIDGEWATER, N.J., Oct. 31, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a world chief and innovator in cloud, messaging and digital merchandise and platforms, immediately introduced that the Company issued restricted inventory and inventory possibility awards to 9 newly employed staff. Each of those grants was an inducement award that was permitted by the Compensation Committee of Synchronoss’ Board of Directors, and granted as an inducement fairness award underneath the Company’s 2017 New Hire Equity Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4).
Synchronoss granted the 9 newly employed staff an combination of seven,575 time-based restricted inventory awards. The shares of restricted inventory will vest 25% on the primary, second, third and fourth anniversary of the grant date topic to steady service thereafter. In addition, the workers acquired an combination of two,525 time-based inventory possibility awards. The Stock Options will vest 25% on the primary, second, third, and fourth anniversary of the grant date topic to steady service thereafter.
About Synchronoss
Synchronoss Technologies (NASDAQ: SNCR) builds software program that empowers corporations all over the world to attach with their subscribers in trusted and significant methods. The firm’s assortment of merchandise helps streamline networks, simplify onboarding, and interact subscribers to unleash new income streams, cut back prices and enhance pace to market. Hundreds of thousands and thousands of subscribers belief Synchronoss merchandise to remain in sync with the folks, providers, and content material they love. Learn extra at www.synchronoss.com.
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Domenick Cilea
Springboard
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Matt Glover/Tom Colton
Gateway Group, Inc.
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