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Fubo Announces Inducement Grants Under NYSE Listing Rule 303A.08
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FuboTV Inc. (Fubo) (FUBO) announced the grant of 6,874 restricted stock unit awards to three new employees under its 2023 Employment Inducement Equity Incentive Plan, vesting annually over a four-year period, to induce them to join the company.
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NEW YORK--(BUSINESS WIRE)--
FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on November 15, 2023, the Compensation Committee of Fubo’s Board of Directors granted restricted stock unit awards covering an aggregate of 6,874 shares of its common stock to three new employees to induce them to join Fubo. The awards were granted under Fubo’s 2023 Employment Inducement Equity Incentive Plan, and vest annually over a four-year period following their grant, subject to continued employment. The awards were granted as employment inducement awards pursuant to the New York Stock Exchange rules.
About Fubo
With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO) aims to transcend the industry’s current TV model. The company operates Fubo in the U.S., Canada and Spain and Molotov in France.
In the U.S., Fubo is a sports-first cable TV replacement product that aggregates more than 300 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2022). Leveraging Fubo’s proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching through an intuitive and personalized streaming experience. Fubo has continuously pushed the boundaries of live TV streaming. It was the first virtual MVPD to launch 4K streaming and MultiView, which it did years ahead of its peers.
What did FuboTV Inc. announce regarding stock awards on November 15, 2023?
FuboTV Inc. (Fubo) announced the grant of 6,874 restricted stock unit awards to three new employees under its 2023 Employment Inducement Equity Incentive Plan.
How many shares of common stock were covered by the restricted stock unit awards?
The restricted stock unit awards covered an aggregate of 6,874 shares of FuboTV Inc.'s common stock.
Under which plan were the awards granted?
The awards were granted under FuboTV Inc.'s 2023 Employment Inducement Equity Incentive Plan.
How long is the vesting period for the stock unit awards?
The stock unit awards vest annually over a four-year period following their grant, subject to continued employment.
What type of awards were the grants considered as?
The awards were granted as employment inducement awards pursuant to the New York Stock Exchange rules.
