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Applied Optoelectronics Announces Equity Grants To Employees Under Inducement Plan

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Applied Optoelectronics (NASDAQ: AAOI) has announced equity grants to 3 new employees under its 2023 Equity Inducement Plan. The Compensation Committee of the Board of Directors approved inducement awards for 16,145 shares of common stock, with a grant date of July 29, 2024. These awards, in the form of restricted stock units, will vest over a four-year period, contingent on the employees' continued service. The Inducement Plan is specifically designed for granting equity awards to new hires as an incentive for joining Applied Optoelectronics, in compliance with Nasdaq Listing Rule 5635(c)(4).

Applied Optoelectronics (NASDAQ: AAOI) ha annunciato l'assegnazione di azioni a 3 nuovi dipendenti nell'ambito del suo Piano di Induzione al Capitale 2023. Il Comitato per i Compensi del Consiglio di Amministrazione ha approvato premi di induzione per 16.145 azioni ordinarie, con una data di concessione del 29 luglio 2024. Questi premi, sotto forma di unità azionarie vincolate, matureranno nel corso di un periodo di quattro anni, a condizione del proseguimento del servizio dei dipendenti. Il Piano di Induzione è stato specificamente progettato per concedere premi azionari ai nuovi assunti come incentivo per unirsi ad Applied Optoelectronics, in conformità con la Regola di Quotazione Nasdaq 5635(c)(4).

Applied Optoelectronics (NASDAQ: AAOI) ha anunciado concesiones de capital a 3 nuevos empleados bajo su Plan de Inducción de Capital 2023. El Comité de Compensación de la Junta Directiva aprobó premios de inducción por 16,145 acciones ordinarias, con una fecha de concesión del 29 de julio de 2024. Estos premios, en forma de unidades de acciones restringidas, se otorgarán durante un período de cuatro años, dependiendo de la continuación del servicio de los empleados. El Plan de Inducción está diseñado específicamente para otorgar premios de capital a nuevos empleados como incentivo para unirse a Applied Optoelectronics, en cumplimiento de la Regla de Listado de Nasdaq 5635(c)(4).

Applied Optoelectronics(NASDAQ: AAOI)는 2023년 자본 유도 계획에 따라 3명의 신규 직원에게 주식 보상을 발표했습니다. 이사회 보상위원회는 16,145주의 보통주에 대한 유도 보상을 승인했으며, 부여일자는 2024년 7월 29일입니다. 이 보상은 제한된 주식 단위의 형태로 제공되며, 직원들의 지속적인 봉사에 따라 4년 동안 분할 지급됩니다. 이 유도 계획은 Applied Optoelectronics에 합류하는 인센티브로서 신규채용자에게 자본 보상을 부여하기 위해 특별히 설계되었습니다. 이는 Nasdaq 상장 규칙 5635(c)(4)에 따라 이루어집니다.

Applied Optoelectronics (NASDAQ: AAOI) a annoncé des attributions d’actions à 3 nouveaux employés dans le cadre de son Plan d’Induction au Capital 2023. Le Comité de Rémunération du Conseil d’Administration a approuvé des récompenses d’induction pour 16 145 actions ordinaires, avec une date d’attribution fixée au 29 juillet 2024. Ces récompenses, sous forme d’unités d’actions restreintes, seront acquises sur une période de quatre ans, sous réserve de la continuité du service des employés. Le Plan d'Induction est spécifiquement conçu pour attribuer des récompenses en capital aux nouvelles recrues en tant qu'incitation à rejoindre Applied Optoelectronics, conformément à la Règle de Cotation Nasdaq 5635(c)(4).

Applied Optoelectronics (NASDAQ: AAOI) hat Eigenkapitalzuteilungen an 3 neue Mitarbeiter im Rahmen seines Eigenkapitalinduktionsplans 2023 angekündigt. Der Vergütungsausschuss des Vorstands genehmigte Induktionsauszeichnungen für 16.145 Aktien des Stammkapitals, mit einem Zuteilungsdatum vom 29. Juli 2024. Diese Auszeichnungen, in Form von eingeschränkten Aktieneinheiten, werden über einen vierjährigen Zeitraum fällig, abhängig von der fortgesetzten Dienstleistung der Mitarbeiter. Der Induktionsplan ist speziell darauf ausgelegt, neuen Mitarbeitern als Anreiz für den Beitritt zu Applied Optoelectronics Eigenkapitalanreize zu gewähren, gemäß der Nasdaq-Listingregel 5635(c)(4).

Positive
  • Attracting new talent with equity incentives
  • Aligning employee interests with company performance through stock-based compensation
Negative
  • Potential dilution of existing shareholders' equity

SUGAR LAND, Texas, July 30, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced that the Compensation Committee of its Board of Directors granted inducement awards for 16,145 shares of common stock to 3 new employees, with a grant date of July 29, 2024, pursuant to the Applied Optoelectronics, Inc. 2023 Equity Inducement Plan (the “Inducement Plan”).

The Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Applied Optoelectronics, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Applied Optoelectronics, pursuant to Nasdaq Listing Rule 5635(c)(4).

The inducement awards are comprised of restricted stock units which vest over a four-year period, subject to the employee’s continued service on the applicable vesting dates. The restricted stock units are subject to the terms and conditions of the Inducement Plan and restricted stock unit agreements covering the grants.

About Applied Optoelectronics

Applied Optoelectronics Inc. (AOI) is a leading developer and manufacturer of advanced optical products, including components, modules and equipment. AOI's products are the building blocks for broadband fiber access networks around the world, where they are used in the internet datacenter, CATV broadband, telecom and FTTH markets. AOI supplies optical networking lasers, components and equipment to tier-1 customers in all four of these markets. In addition to its corporate headquarters, wafer fab and advanced engineering and production facilities in Sugar Land, TX, AOI has engineering and manufacturing facilities in Taipei, Taiwan and Ningbo, China. For additional information, visit www.ao-inc.com.

Investor Relations Contacts:

The Blueshirt Group, Investor Relations
Lindsay Savarese
+1-212-331-8417
ir@ao-inc.com

Cassidy Fuller
+1-415-217-4968
ir@ao-inc.com


FAQ

How many new employees received equity grants from Applied Optoelectronics (AAOI) in July 2024?

Applied Optoelectronics (AAOI) granted equity awards to 3 new employees in July 2024.

What is the total number of shares granted in Applied Optoelectronics' (AAOI) July 2024 inducement awards?

Applied Optoelectronics (AAOI) granted inducement awards for 16,145 shares of common stock in July 2024.

What is the vesting period for the restricted stock units granted by Applied Optoelectronics (AAOI) in July 2024?

The restricted stock units granted by Applied Optoelectronics (AAOI) in July 2024 vest over a four-year period, subject to continued employment.

What is the purpose of Applied Optoelectronics' (AAOI) 2023 Equity Inducement Plan?

The 2023 Equity Inducement Plan is used exclusively for granting equity awards to new hires as an inducement to join Applied Optoelectronics (AAOI), in compliance with Nasdaq Listing Rule 5635(c)(4).

Applied Optoelectronics, Inc.

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