Nautilus, Inc. Announces Inducement Grants
Retrieved on:
Friday, September 17, 2021
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The Company granted inducement awards under the Inducement Stock Plan to fourteen employees of Vay AG consisting of an aggregate of 387,243 inducement restricted stock units and 387,243 inducement performance units (at the target level).
Key Points:
- The Company granted inducement awards under the Inducement Stock Plan to fourteen employees of Vay AG consisting of an aggregate of 387,243 inducement restricted stock units and 387,243 inducement performance units (at the target level).
- The restricted stock units and performance unit awards were approved by the Compensation Committee of the Board of Directors of the Company and were granted under the Inducement Stock Plan as employment inducement awards material to the new employees becoming employees of Nautilus in accordance with New York Stock Exchange Rule 303A.08.
- Each restricted stock unit will vest equally over a three-year period, subject to such employees continued employment with Nautilus on such vesting dates.
- Nautilus, Inc. uses the investor relations page of its website (www.nautilusinc.com/investors) to make information available to its investors and the market.