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FuboTV Announces Inducement Grants Under NYSE Listing Rule 303A.08
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
FuboTV Inc. (NYSE: FUBO) announced on September 26, 2022, that its Compensation Committee granted restricted stock unit awards covering 103,866 shares to six new employees. These awards aim to incentivize their employment and will vest annually over four years. This grant falls under FuboTV’s 2022 Employment Inducement Equity Incentive Plan and complies with New York Stock Exchange regulations.
FuboTV, a leader in live TV streaming, provides over 100 live sports and entertainment networks in the U.S., Canada, France, and Spain, leveraging its data platform for interactive sports engagement.
Positive
Inducement of new talent through stock awards may enhance company performance.
The vested stock encourages employee retention over four years.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on September 26, 2022, the Compensation Committee of FuboTV’s Board of Directors granted restricted stock unit awards covering an aggregate of 103,866 shares of its common stock to six new employees to induce them to join FuboTV. The awards were granted under FuboTV’s 2022 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 FuboTV With a mission to build the world’s leading global live TV streaming platform with the greatest breadth of premium content and interactivity, FuboTV Inc. (NYSE: FUBO) aims to transcend the industry’s current TV model. FuboTV Inc. operates in the U.S., Canada, France and Spain.
Leveraging its proprietary data and technology platform optimized for live TV and sports viewership, FuboTV Inc. aims to turn passive viewers into active participants and define a new category of interactive sports and entertainment television. The company's sports-first cable TV replacement product, FuboTV, offers U.S. subscribers more than 100 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2021). Subscribers can interact with FuboTV’s live streaming experience through Fubo Sportsbook (in markets where available), free games and pick’ems, which are integrated into select sports content.
