Backblaze Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
Backblaze (BLZE) has announced equity awards granted on November 29, 2024, as inducement to employment for two key executives. Marc Suidan, Chief Financial Officer, received 300,000 restricted stock units (RSUs), while Jason Wakeam, Chief Revenue Officer, received 112,740 RSUs.
The RSUs, granted under the company's 2024 New Employee Equity Incentive Plan, will vest 25% on August 20, 2025, with the remaining portions vesting quarterly over the subsequent 4 years, contingent on continued employment. These awards were approved by Backblaze's Compensation Committee in compliance with Nasdaq Listing Rule 5635(c)(4).
Backblaze (BLZE) ha annunciato l'assegnazione di premi azionari concessi il 29 novembre 2024 come incentivo all'assunzione per due dirigenti chiave. Marc Suidan, Direttore Finanziario, ha ricevuto 300.000 unità azionarie vincolate (RSU), mentre Jason Wakeam, Direttore delle Entrate, ha ricevuto 112.740 RSU.
Le RSU, concesse nell'ambito del Piano di Incentivazione Azionaria per Nuovi Dipendenti 2024 dell'azienda, matureranno il 25% il 20 agosto 2025, con le rimanenti porzioni che matureranno trimestralmente nel corso dei successivi 4 anni, a condizione dell'impiego continuativo. Questi premi sono stati approvati dal Comitato di Compensazione di Backblaze in conformità con la Regola di Quotazione Nasdaq 5635(c)(4).
Backblaze (BLZE) ha anunciado la concesión de premios de acciones otorgados el 29 de noviembre de 2024 como inducimento para la contratación de dos ejecutivos clave. Marc Suidan, Director Financiero, recibió 300,000 unidades de acciones restringidas (RSUs), mientras que Jason Wakeam, Director de Ingresos, recibió 112,740 RSUs.
Las RSUs, otorgadas bajo el Plan de Incentivos de Equidad para Nuevos Empleados 2024 de la compañía, se adjudicarán en un 25% el 20 de agosto de 2025, con las partes restantes que se adjudicarán trimestralmente durante los siguientes 4 años, en función de la continuidad del empleo. Estos premios fueron aprobados por el Comité de Compensación de Backblaze de acuerdo con la Regla de Cotización 5635(c)(4) de Nasdaq.
Backblaze (BLZE)는 2024년 11월 29일 두 명의 주요 경영진 고용을 유도하기 위해 주식 보상을 발표했습니다. Marc Suidan 최고 재무 책임자가 300,000개의 제한 주식 단위(RSU)를 받았고, Jason Wakeam 최고 수익 책임자가 112,740 RSU를 받았습니다.
RSU는 회사의 2024년 신입 직원 주식 인센티브 계획에 따라 부여되며, 2025년 8월 20일에 25%가 권리 발생하고, 나머지 부분은 이후 4년 동안 분기별로 권리 발생합니다. 이는 지속적인 고용에 따라 변동됩니다. 이러한 보상은 Nasdaq 상장 규칙 5635(c)(4)에 따라 Backblaze의 보상 위원회에서 승인되었습니다.
Backblaze (BLZE) a annoncé l'octroi de primes d'actions accordées le 29 novembre 2024 comme incitation à l'emploi pour deux cadres clés. Marc Suidan, Directeur financier, a reçu 300 000 unités d'actions restreintes (RSU), tandis que Jason Wakeam, Directeur des revenus, a reçu 112 740 RSU.
Les RSU, accordées dans le cadre du Plan d'Incentive en Actions pour Nouveaux Employés 2024 de la société, seront acquises à hauteur de 25 % le 20 août 2025, les portions restantes étant acquises trimestriellement au cours des 4 années suivantes, sous réserve de continuité d'emploi. Ces récompenses ont été approuvées par le Comité de Rémunération de Backblaze conformément à la Règle de Cotation Nasdaq 5635(c)(4).
Backblaze (BLZE) hat am 29. November 2024 Aktienanreize für zwei Schlüsselpersonen als Anreiz zur Beschäftigung angekündigt. Marc Suidan, Finanzvorstand, erhielt 300.000 eingeschränkte Aktieneinheiten (RSUs), während Jason Wakeam, Vertriebsleiter, 112.740 RSUs erhielt.
Die RSUs, die im Rahmen des Aktienanreizplans für neue Mitarbeiter 2024 des Unternehmens gewährt wurden, verfallen zu 25% am 20. August 2025, während die verbleibenden Anteile in den folgenden vier Jahren vierteljährlich verfallen, vorausgesetzt, die Beschäftigung bleibt bestehen. Diese Auszeichnungen wurden von dem Vergütungsausschuss von Backblaze gemäß der Nasdaq-Notierungsregel 5635(c)(4) genehmigt.
- Strategic executive appointments strengthening leadership team with new CFO and CRO
- Structured equity compensation plan aligning executive interests with long-term company performance
- Potential future dilution of shareholders due to issuance of 412,740 new RSUs
Backblaze granted Suidan and Wakeam inducement awards consisting of 300,000 and 112,740 restricted stock units (“RSUs”), respectively, under the Company’s 2024 New Employee Equity Incentive Plan. Each RSU is convertible into one share of the Company’s common stock upon vesting. The RSUs will vest
The inducement awards to Suidan and Wakeam were granted as a material inducement to their employment and were approved by the Company’s Compensation Committee in accordance with Nasdaq Listing Rule 5635(c)(4).
About Backblaze
Backblaze is the cloud storage innovator providing a modern alternative to traditional cloud providers. We deliver high-performance, secure cloud object storage that customers use to develop applications, manage media, secure backups, build AI workflows, protect from ransomware, and more. Backblaze helps businesses break free from the walled gardens that traditional providers lock customers into, enabling them to use their data in open cloud workflows with the providers they prefer at a fraction of the cost. Headquartered in
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Investor Relations Contact:
Mimi Kong
Investor Relations
ir@backblaze.com
Source: Backblaze, Inc.
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