BRIDGEWATER, N.J., May perhaps 27, 2022 (Globe NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a world leader and innovator in cloud, messaging and electronic solutions and platforms, today announced that the Business issued restricted stock and inventory alternative awards to five recently employed personnel. Each individual of these grants was an inducement award that was authorised by the Compensation Committee of Synchronoss’ Board of Directors and granted as an inducement equity award underneath the Firm’s 2017 New Retain the services of Fairness Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4).
Synchronoss granted the 5 freshly hired personnel an combination of 18,600 time-dependent limited inventory awards. The shares of restricted inventory will vest 25% on the 1st, second, third and fourth anniversary of the grant date subject to steady service thereafter. In addition, the employees gained an aggregate of 16,200 time-primarily based stock choice awards. The Inventory Alternatives will vest 25% on the very first, next, third, and fourth anniversary of the grant date subject to constant service thereafter.
Synchronoss Technologies (Nasdaq: SNCR) builds application that empowers corporations close to the environment to hook up with their subscribers in dependable and significant approaches. The company’s assortment of goods aids streamline networks, simplify onboarding, and engage subscribers to unleash new profits streams, lower prices and raise pace to sector. Hundreds of hundreds of thousands of subscribers have faith in Synchronoss items to stay in sync with the folks, solutions and content material they really like. That is why far more than 1,500 talented Synchronoss staff globally attempt each working day to reimagine a entire world in sync. Study more at www.synchronoss.com
MediaDomenick Cilea Springboard [email protected]
InvestorsMatt Glover/Tom Colton Gateway Team, Inc. [email protected]
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