Holley Announces Inducement Awards Under NYSE Section 303A.08 of the NYSE Listed Company Manual
The inducement equity awards consist of (i) 1,000,000 time-vesting restricted stock units (“RSUs”), which will vest ratably in one-fourth increments on each of the first four anniversaries following the date of grant, and (ii) 1,520,000 performance-based stock units (“PSUs”), which will vest upon the achievement of certain stock price metrics. Specifically, 300,000 PSUs will vest upon the achievement of a stock price threshold of
The RSUs and PSUs have been granted outside of Holley’s 2021 Omnibus Incentive Plan and were approved by Holley’s board of directors in reliance on the employment inducement exemption under Rule 303A.08 of the NYSE Listing Company Manual. Although the RSUs and PSUs were granted outside of Holley’s 2021 Omnibus Incentive Plan, the awards will have terms and conditions consistent with those set forth under such plan.
About Holley
Holley Inc. (NYSE: HLLY) is a leading designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley offers a leading portfolio of iconic brands that deliver innovation and inspiration to a large and diverse community of millions of avid automotive enthusiasts who are passionate about the performance and personalization of their classic and modern cars. Holley has disrupted the performance category by putting the enthusiast consumer first, developing innovative new products, and building a robust M&A process that has added meaningful scale and diversity to its platform. For more information on Holley, visit https://www.holley.com.
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Investor Relations:
Ross Collins / Stephen Poe
Alpha IR Group
312-445-2870
HLLY@alpha-ir.com
Source: Holley Inc.
