iRobot Corp. announced on December 9, 2024, that it granted an equity award as a material inducement for the employment of Jules Connelly, its newly-hired Senior Vice President and Chief Human Resources Officer. The award was effective on December 6, 2024.
The inducement award consists of 120,000 time-based restricted stock units (RSUs). These RSUs are set to vest over a three-year period, contingent upon Ms. Connelly's continuous employment with the company on each vesting date.
This grant was approved by iRobot's Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4) and was issued outside of iRobot's existing equity incentive plan. It underscores the company's commitment to strengthening its leadership team during its strategic transformation.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.