Arteris Announces New Employment Inducement Grants

Rhea-AI Summary

Arteris, Inc. (AIP) recently granted 288,000 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), with an effective grant date of January 25, 2024, and approval by the company’s board of directors.

CAMPBELL, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced that the compensation committee of the company’s board of directors has granted an aggregate of 288,000 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 was January 25, 2024, 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 SoC integration 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.

© 2004-2024 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 is the recent announcement from Arteris, Inc. (AIP)?

Arteris, Inc. (AIP) granted 288,000 restricted stock units (RSUs) to four newly hired employees as inducement awards under the company’s 2022 Employee Inducement Incentive Plan.

What is the effective grant date for the RSUs?

The effective grant date for the RSUs was January 25, 2024.

Under which Nasdaq Listing Rule were the grants made?

The grants were made in accordance with Nasdaq Listing Rule 5635(c)(4).

Who approved the RSU grants?

The RSU grants were approved by the company’s board of directors.