Etsy Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Etsy (Nasdaq: ETSY) has announced an inducement grant of 99,593 restricted stock units to Lanny Baker, who joined as Chief Financial Officer on January 1, 2025. The grant, effective February 3, 2025, was made under the 2024 Inducement Plan as a material inducement for employment.
The vesting schedule includes 25% after one year, with the remaining units vesting quarterly over three years, contingent on continued employment. The 2024 Inducement Plan, adopted on December 12, 2024, is specifically designed for new hires or rehires following non-employment periods, in compliance with Nasdaq Listing Rule 5635(c)(4).
Etsy operates multiple online marketplaces including Etsy.com, Reverb, and Depop, connecting creative buyers and sellers globally under the mission to 'Keep Commerce Human'.
Etsy (Nasdaq: ETSY) ha annunciato un'indennità di 99.593 unità di azioni riservate a Lanny Baker, che si è unito come Chief Financial Officer il 1 gennaio 2025. L'indennità, efficace dal 3 febbraio 2025, è stata concessa nell'ambito del Piano di Indennità 2024 come incentivo significativo per l'impiego.
Il programma di maturazione prevede il 25% dopo un anno, con le restanti unità che matureranno trimestralmente per tre anni, a condizione di un impiego continuato. Il Piano di Indennità 2024, adottato il 12 dicembre 2024, è specificamente progettato per nuove assunzioni o riassunzioni dopo periodi di non impiego, in conformità con la Regola di Quotazione Nasdaq 5635(c)(4).
Etsy gestisce diversi marketplace online, tra cui Etsy.com, Reverb e Depop, collegando acquirenti e venditori creativi a livello globale con la missione di 'Mantenere il Commercio Umanò.
Etsy (Nasdaq: ETSY) ha anunciado una concesión de 99,593 unidades de acciones restringidas a Lanny Baker, quien se unió como Director Financiero el 1 de enero de 2025. La concesión, efectiva a partir del 3 de febrero de 2025, se realizó en virtud del Plan de Inducción 2024 como un incentivo material para el empleo.
El calendario de adquisición incluye el 25% después de un año, con las unidades restantes adquiriendo derechos trimestralmente durante tres años, sujeto a empleo continuo. El Plan de Inducción 2024, adoptado el 12 de diciembre de 2024, está diseñado específicamente para nuevas contrataciones o recontrataciones tras periodos de no empleo, en cumplimiento de la Regla de Cotización Nasdaq 5635(c)(4).
Etsy opera múltiples mercados en línea incluyendo Etsy.com, Reverb y Depop, conectando a compradores y vendedores creativos a nivel mundial bajo la misión de 'Mantener el Comercio Humano'.
Etsy (Nasdaq: ETSY)는 Lanny Baker에게 99,593주의 제한 주식 단위를 부여한다고 발표했습니다. Baker는 2025년 1월 1일 CFO로 취임했습니다. 이 부여는 2025년 2월 3일부터 효력이 발생하며, 고용을 위한 중요한 유인책으로 2024 유인 계획 하에 이루어집니다.
취득 일정은 1년 후에 25%가 발생하며, 나머지 주식은 3년에 걸쳐 분기별로 취득됩니다. 이는 지속적인 고용을 조건으로 합니다. 2024 유인 계획은 2024년 12월 12일에 채택되었으며, 비고용 기간 후의 신규 또는 재채용을 위해 특별히 설계되었습니다. 이는 Nasdaq 상장 규칙 5635(c)(4)를 준수합니다.
Etsy는 Etsy.com, Reverb 및 Depop을 포함한 여러 온라인 마켓플레이스를 운영하여 '상업을 인간적으로 유지하라'는 사명 아래 전 세계의 창의적인 구매자와 판매자를 연결합니다.
Etsy (Nasdaq: ETSY) a annoncé une attribution de 99 593 unités d'actions restreintes à Lanny Baker, qui a rejoint en tant que Directeur Financier le 1er janvier 2025. L'attribution, effective le 3 février 2025, a été faite dans le cadre du Plan d'Induction 2024 comme une incitation matérielle à l'emploi.
Le calendrier de vesting prévoit 25 % après un an, les unités restantes étant acquises trimestriellement sur trois ans, sous condition d'un emploi continu. Le Plan d'Induction 2024, adopté le 12 décembre 2024, est spécifiquement conçu pour les nouvelles recrues ou les réembauches après des périodes de non-emploi, conformément à la Règle de cotation Nasdaq 5635(c)(4).
Etsy opère plusieurs places de marché en ligne, y compris Etsy.com, Reverb et Depop, reliant des acheteurs et des vendeurs créatifs à l'échelle mondiale avec la mission de 'Maintenir le Commerce Humain'.
Etsy (Nasdaq: ETSY) hat eine Gewährung von 99.593 beschränkten Aktieneinheiten an Lanny Baker angekündigt, der am 1. Januar 2025 als Chief Financial Officer beigetreten ist. Die Gewährung, die ab dem 3. Februar 2025 in Kraft tritt, erfolgte im Rahmen des Induktionsplans 2024 als maßgeblicher Anreiz für die Anstellung.
Der Vesting-Zeitplan umfasst 25% nach einem Jahr, wobei die verbleibenden Einheiten vierteljährlich über drei Jahre anfallen, vorbehaltlich einer fortgesetzten Anstellung. Der Induktionsplan 2024, der am 12. Dezember 2024 verabschiedet wurde, ist speziell für Neueinstellungen oder Wiederanstellungen nach Nichtbeschäftigungsperioden konzipiert, in Übereinstimmung mit der Nasdaq-Listing-Regel 5635(c)(4).
Etsy betreibt mehrere Online-Marktplätze, darunter Etsy.com, Reverb und Depop, und verbindet kreative Käufer und Verkäufer weltweit unter dem Motto 'Commerce menschlich gestalten'.
- New CFO appointment with structured equity compensation plan
- Diversified portfolio with three distinct marketplaces (Etsy.com, Reverb, Depop)
- None.
The awards were granted under the Etsy, Inc. 2024 Inducement Plan (the "2024 Inducement Plan") as a material inducement to Mr. Baker's entering into employment with Etsy, in accordance with Nasdaq Listing Rule 5635(c)(4). Twenty-five percent of the restricted stock units will vest after one year, with the balance vesting in equal installments every three months over the next three years, subject to continued employment with Etsy through each vesting date. The restricted stock units are subject to the terms and conditions of the 2024 Inducement Plan and the terms and conditions of a restricted stock unit agreement covering the grant.
The 2024 Inducement Plan was adopted by Etsy's Board of Directors on December 12, 2024, and may only be used for grants to employees commencing employment with Etsy, or being rehired following a bona fide period of non-employment, and must provide a material inducement to entering into such employment, pursuant to Nasdaq Listing Rule 5635(c)(4).
About Etsy
Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. These marketplaces share a mission to "Keep Commerce Human," and we're committed to using the power of business and technology to strengthen communities and empower people. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. For sellers, we offer a range of tools and services that address key business needs.
Etsy, Inc.'s "House of Brands" portfolio also includes Reverb Holdings, Inc. our musical instrument marketplace, and Depop Limited, our fashion resale marketplace. Each Etsy, Inc. marketplace primarily operates independently, while benefiting from shared expertise in product development, marketing, technology, and customer support.
Etsy was founded in 2005 and is headquartered in
Etsy has used, and intends to continue using, its Investor Relations website and the Etsy News Blog (etsy.com/news) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the Etsy News Blog in addition to following our press releases, SEC filings, and public conference calls and webcasts.
Investor Relations Contact:
Deb Wasser, Vice President, Investor Relations
Sarah Marx, Director, Investor Relations
ir@etsy.com
Media Relations Contact:
Lauren Bayse, Sr. Director, Corporate Communications
press@etsy.com
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SOURCE Etsy, Inc.
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