Arteris Announces New Employment Inducement Grants

Rhea-AI Summary

On January 12, 2023, Arteris (Nasdaq: AIP) announced the grant of 260,483 restricted stock units (RSUs) to four new employees as inducement awards under its 2022 Employee Inducement Incentive Plan. This decision complies with Nasdaq Listing Rule 5635(c)(4) and was approved by the board of directors. The RSU grant date is recorded as January 10, 2023. Arteris specializes in providing system IP for system-on-chip (SoC) development, promoting higher product efficiency and quicker market readiness.

Positive

• Grant of 260,483 RSUs to attract talent, enhancing workforce capabilities.
• Compliance with Nasdaq regulations supports corporate governance.

Negative

• None.

CAMPBELL, Calif., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced that the company has granted an aggregate of 260,483 restricted stock units (RSUs) to four newly hired employees as inducement awards under the company’s 2022 Employee Inducement Incentive Plan. The grants were made in accordance with Nasdaq Listing Rule 5635(c)(4).

The effective RSU grant date is January 10, 2023, and it was approved by the company’s board of directors.

About Arteris

Arteris is a leading provider of system IP for the acceleration of system-on-chip (SoC) development across today’s electronic systems. Arteris network-on-chip (NoC) interconnect IP and IP deployment technology enable higher product performance with lower power consumption and faster time to market, delivering better SoC economics so its customers can focus on dreaming up what comes next. Learn more at arteris.com.

© 2004-2023 Arteris, Inc. All rights reserved worldwide. Arteris, Arteris IP, the Arteris IP logo, and the other Arteris marks found at https://www.arteris.com/trademarks are trademarks or registered trademarks of Arteris, Inc. or its subsidiaries. All other trademarks are the property of their respective owners.

Media Contact:
Gina Jacobs
Arteris
+1 408 560 3044
newsroom@arteris.com

Investor Relations Contact:
Sapphire Investor Relations, LLC
Erica Mannion or Mike Funari
+1 617 542 6180
ir@arteris.com

FAQ

What did Arteris announce on January 12, 2023?

Arteris announced the grant of 260,483 restricted stock units (RSUs) to four new employees.

What are the details of the RSU grants by Arteris?

The RSU grants were part of the 2022 Employee Inducement Incentive Plan and were approved by the board on January 10, 2023.

How does the RSU grant impact Arteris investors?

The RSU grants aim to attract talent, potentially enhancing operational efficiency and innovation.