BRIDGEWATER, N.J., Sept. 30, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a world chief and innovator in cloud, messaging and digital merchandise and platforms, right this moment introduced that the Company issued restricted inventory and inventory possibility awards to seven newly employed workers. Each of those grants was an inducement award that was accepted by the Compensation Committee of Synchronoss’ Board of Directors, and granted as an inducement fairness award below the Company’s 2017 New Hire Equity Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4).
Synchronoss granted the seven newly employed workers an mixture of seven,275 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 mixture of two,425 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 join 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, scale back prices and improve velocity to market. Hundreds of thousands and thousands of subscribers belief Synchronoss merchandise to keep in sync with the individuals, providers, and content material they love. Learn extra at www.synchronoss.com.
Media
Domenick Cilea
Springboard
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Investors
Matt Glover/Tom Colton
Gateway Group, Inc.
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