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Couchbase Announces New Employee Inducement Grants

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Couchbase (NASDAQ: BASE), the cloud database platform company, has announced new employee inducement grants under its 2023 Inducement Equity Incentive Plan. On August 28, 2024, the company granted 11 non-executive employees equity awards in the form of service-based restricted stock units (RSUs), representing the right to receive up to 28,730 shares of Couchbase common stock.

The vesting schedule for these RSU Awards is as follows:

  • 50% of the shares vest on the first quarterly vesting date following the one-year anniversary of the vesting commencement date
  • 12.5% of the shares vest on each quarterly vesting date thereafter

Vesting is conditioned upon each employee's continued employment. These inducement grants were approved by Couchbase's Compensation Committee and comply with Nasdaq Rule 5635(c)(4).

Couchbase (NASDAQ: BASE), l'azienda di piattaforme di database cloud, ha annunciato nuovi incentivi per i dipendenti nell'ambito del suo Piano di Incentivi Azionari 2023. Il 28 agosto 2024, l'azienda ha concesso 11 premi azionari a dipendenti non esecutivi sotto forma di unità azionarie vincolate (RSU), rappresentando il diritto di ricevere fino a 28.730 azioni dell'azione ordinaria di Couchbase.

Il piano di maturazione per questi premi RSU è il seguente:

  • Il 50% delle azioni matura alla prima data di maturazione trimestrale successiva all'anniversario di un anno della data di inizio maturazione
  • Il 12,5% delle azioni matura ad ogni data di maturazione trimestrale successiva

La maturazione è condizionata al proseguimento del rapporto di lavoro di ciascun dipendente. Questi incentivi sono stati approvati dal Comitato per la Compensazione di Couchbase e sono conformi alla Regola Nasdaq 5635(c)(4).

Couchbase (NASDAQ: BASE), la empresa de plataformas de bases de datos en la nube, ha anunciado nuevos incentivos para empleados bajo su Plan de Incentivos de Capital 2023. El 28 de agosto de 2024, la empresa otorgó 11 premios de acciones a empleados no ejecutivos en forma de unidades de acción restringida (RSU), que representan el derecho a recibir hasta 28,730 acciones de acciones ordinarias de Couchbase.

El cronograma de adquisición para estos premios RSU es el siguiente:

  • El 50% de las acciones se adquiere en la primera fecha de adquisición trimestral que sigue al primer aniversario de la fecha de inicio de adquisición
  • El 12,5% de las acciones se adquiere en cada fecha de adquisición trimestral posterior

La adquisición está condicionada al empleo continuo de cada empleado. Estos incentivos fueron aprobados por el Comité de Compensación de Couchbase y cumplen con la Regla Nasdaq 5635(c)(4).

Couchbase(NASDAQ: BASE)는 클라우드 데이터베이스 플랫폼 회사로서 2023 유인 주식 보상 계획에 따라 신규 직원 인센티브 보상을 발표하였습니다. 2024년 8월 28일, 이 회사는 비임직원 11명에게 서비스 기반 제한 주식 유닛(RSU) 형태의 주식 보상을 제공하며, 이는 Couchbase 보통주 최대 28,730주를 수령할 권리입니다.

이 RSU 보상의 성과 일정은 다음과 같습니다:

  • 주식의 50%는 성과 시작일이 지난 1주년 기념일 이후 첫 분기 성과일에 매각됩니다.
  • 그 이후 매 분기 성과일에 주식의 12.5%가 매각됩니다.

성과는 각 직원의 재직을 조건으로 합니다. 이러한 유인 보상은 Couchbase 보상위원회의 승인을 받았으며 Nasdaq 규정 5635(c)(4)을 준수합니다.

Couchbase (NASDAQ: BASE), la société de plateforme de base de données cloud, a annoncé de nouvelles incitations pour les employés dans le cadre de son Plan d'Incitation en Équité 2023. Le 28 août 2024, l'entreprise a accordé 11 récompenses en actions à des employés non dirigeants sous forme d'unités d'actions restreintes (RSU), représentant le droit de recevoir jusqu'à 28 730 actions des actions ordinaires de Couchbase.

Le calendrier d'acquisition de ces récompenses RSU est le suivant :

  • 50 % des actions sont acquises à la première date d'acquisition trimestrielle qui suit le premier anniversaire de la date d'acquisition
  • 12,5 % des actions sont acquises à chaque date d'acquisition trimestrielle suivante

L'acquisition est conditionnée par la continuité de l'emploi de chaque employé. Ces incitations ont été approuvées par le Comité de Rémunération de Couchbase et sont conformes à la règle Nasdaq 5635(c)(4).

Couchbase (NASDAQ: BASE), das Unternehmen für Cloud-Datenbankplattformen, hat neue Mitarbeiteranreize im Rahmen seines Aktienvergütungsplans 2023 angekündigt. Am 28. August 2024 hat das Unternehmen 11 nicht-executive Mitarbeiter Aktienoptionen in Form von dienstzeitabhängigenRestricted Stock Units (RSUs) gewährt, die das Recht vertreten, bis zu 28.730 Aktien der Couchbase-Stammaktie zu erhalten.

Der Vesting-Zeitplan für diese RSUs ist wie folgt:

  • 50% der Aktien werden am ersten Quartals-Vesting-Datum nach dem einjährigen Jubiläum des Vesting-Beginns fällig
  • 12,5% der Aktien werden an jedem folgenden Quartals-Vesting-Datum fällig

Die Vesting-Bedingungen hängen von der Fortsetzung der Anstellung jedes Mitarbeiters ab. Diese Anreize wurden vom Vergütungsausschuss von Couchbase genehmigt und entsprechen der Nasdaq-Regel 5635(c)(4).

Positive
  • Attracting new talent with equity incentives
  • Aligning employee interests with company performance through stock awards
  • Complying with Nasdaq rules for inducement grants
Negative
  • Potential dilution of existing shareholders' equity
  • Increased share-based compensation expenses

SANTA CLARA, Calif., Aug. 30, 2024 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, today announced it has granted equity awards under its 2023 Inducement Equity Incentive Plan to new employees who joined Couchbase.

On August 28, 2024, Couchbase granted 11 non-executive employees equity awards in the form of service-based restricted stock units ("RSU Awards"), representing the right to receive up to 28,730 shares of Couchbase, Inc. common stock in the aggregate, with fifty percent (50%) of the shares subject to such RSU Awards vesting on the first quarterly vesting date following the one (1) year anniversary of the vesting commencement date, and twelve and one-half percent (12.5%) of the shares subject to such RSU Awards vesting on each quarterly vesting date thereafter conditioned upon each employee's continued employment on the vesting date(s). 

The inducement grants were approved by Couchbase's Compensation Committee of the Board of Directors, as required by Nasdaq Rule 5635(c)(4), and were granted as a material inducement to employment in accordance with Nasdaq Rule 5635(c)(4).

About Couchbase

Modern customer experiences need a flexible database platform that can power applications spanning from cloud to edge and everything in between. Couchbase's mission is to simplify how developers and architects develop, deploy and run modern applications wherever they are. We have reimagined the database with our fast, flexible and affordable cloud database platform Capella, allowing organizations to quickly build applications that deliver premium experiences to their customers– all with best-in-class price performance. More than 30% of the Fortune 100 trust Couchbase to power their modern applications. For more information, visit www.couchbase.com and follow us on X (formerly Twitter) @couchbase.

Couchbase®, the Couchbase logo and the names and marks associated with Couchbase's products are trademarks of Couchbase, Inc. All other trademarks are the property of their respective owners.

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SOURCE Couchbase, Inc.

FAQ

How many new employees received equity awards from Couchbase (BASE) on August 28, 2024?

Couchbase (BASE) granted equity awards to 11 non-executive employees on August 28, 2024.

What is the total number of shares represented by the RSU Awards granted by Couchbase (BASE)?

The RSU Awards granted by Couchbase (BASE) represent the right to receive up to 28,730 shares of common stock in aggregate.

What is the vesting schedule for the RSU Awards granted by Couchbase (BASE)?

50% of the shares vest on the first quarterly vesting date after the one-year anniversary, and 12.5% vest quarterly thereafter, subject to continued employment.

Under which plan did Couchbase (BASE) grant these equity awards?

Couchbase (BASE) granted these equity awards under its 2023 Inducement Equity Incentive Plan.

Couchbase, Inc.

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