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iRobot Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)

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iRobot (NASDAQ: IRBT) has announced an inducement grant of equity awards to its newly appointed Senior Vice President and General Counsel, Kevin Lanouette. The award, effective March 21, 2025, consists of 120,000 time-based restricted stock units (RSUs) that will vest over a three-year period, contingent on Lanouette's continuous employment.

The inducement award was granted outside iRobot's standard equity incentive plan and was approved by the company's Board of Directors in compliance with Nasdaq Listing Rule 5635(c)(4). The grant serves as a material inducement to Lanouette's employment, which commenced on January 17, 2025.

iRobot (NASDAQ: IRBT) ha annunciato un premio di incentivo sotto forma di azioni per il suo nuovo Vicepresidente Senior e Consigliere Generale, Kevin Lanouette. Il premio, che entrerà in vigore il 21 marzo 2025, consiste in 120.000 unità di azioni vincolate nel tempo (RSU) che si matureranno nel corso di un periodo di tre anni, a condizione che Lanouette continui a essere impiegato.

Il premio di incentivo è stato concesso al di fuori del piano standard di incentivazione azionaria di iRobot ed è stato approvato dal Consiglio di Amministrazione dell'azienda in conformità con la Regola di quotazione Nasdaq 5635(c)(4). Il conferimento rappresenta un incentivo sostanziale per l'impiego di Lanouette, che è iniziato il 17 gennaio 2025.

iRobot (NASDAQ: IRBT) ha anunciado una concesión de incentivos en forma de premios de acciones para su nuevo Vicepresidente Senior y Asesor General, Kevin Lanouette. El premio, que será efectivo a partir del 21 de marzo de 2025, consiste en 120,000 unidades de acciones restringidas basadas en el tiempo (RSUs) que se otorgarán durante un período de tres años, condicionado a la continuidad del empleo de Lanouette.

El premio de incentivo se otorgó fuera del plan estándar de incentivos en acciones de iRobot y fue aprobado por la Junta Directiva de la empresa de acuerdo con la Regla de Cotización Nasdaq 5635(c)(4). La concesión sirve como un incentivo material para el empleo de Lanouette, que comenzó el 17 de enero de 2025.

아이로봇 (NASDAQ: IRBT)는 새로 임명된 수석 부사장 겸 법률 고문인 케빈 라누에트에게 주식 보상 인센티브를 발표했습니다. 이 보상은 2025년 3월 21일부터 유효하며, 120,000개의 시간 기반 제한 주식 단위(RSU)로 구성되어 있으며, 라누에트의 지속적인 고용 조건에 따라 3년 동안 분할 지급됩니다.

이 인센티브 보상은 아이로봇의 표준 주식 인센티브 계획 외부에서 부여되었으며, 나스닥 상장 규칙 5635(c)(4)에 따라 회사 이사회에서 승인되었습니다. 이 보상은 라누에트의 고용을 위한 실질적인 유인책으로 작용하며, 그의 고용은 2025년 1월 17일에 시작되었습니다.

iRobot (NASDAQ: IRBT) a annoncé une attribution d'actions incitatives à son nouveau Vice-Président Senior et Conseiller Général, Kevin Lanouette. L'attribution, effective à partir du 21 mars 2025, consiste en 120 000 unités d'actions restreintes basées sur le temps (RSU) qui seront acquises sur une période de trois ans, sous réserve de l'emploi continu de Lanouette.

L'attribution incitative a été accordée en dehors du plan standard d'incitation en actions d'iRobot et a été approuvée par le conseil d'administration de l'entreprise conformément à la règle de cotation Nasdaq 5635(c)(4). Cette attribution constitue un incitatif matériel pour l'emploi de Lanouette, qui a commencé le 17 janvier 2025.

iRobot (NASDAQ: IRBT) hat eine Anreizgewährung in Form von Aktienauszeichnungen für seinen neu ernannten Senior Vice President und General Counsel, Kevin Lanouette, angekündigt. Die Auszeichnung, die am 21. März 2025 wirksam wird, besteht aus 120.000 zeitbasierten Restricted Stock Units (RSUs), die über einen Zeitraum von drei Jahren fällig werden, sofern Lanouette weiterhin beschäftigt ist.

Die Anreizgewährung wurde außerhalb des standardmäßigen Aktienanreizplans von iRobot gewährt und wurde vom Vorstand des Unternehmens gemäß der Nasdaq-Listing-Regel 5635(c)(4) genehmigt. Die Gewährung dient als wesentlicher Anreiz für die Beschäftigung von Lanouette, die am 17. Januar 2025 begann.

Positive
  • Successful recruitment of new Senior VP and General Counsel with competitive compensation package
  • Structured vesting schedule promotes long-term executive retention
Negative
  • Potential dilution of existing shareholders through issuance of 120,000 new RSUs

BEDFORD, Mass., March 21, 2025 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced that it granted an equity award as a material inducement to the employment of the company's newly-hired Senior Vice President and General Counsel, Kevin Lanouette.

Notice of Issuance of Inducement Grant
In connection with the appointment of Mr. Lanouette as Senior Vice President and General Counsel effective January 17, 2025, iRobot granted Mr. Lanouette an employment inducement award consisting of 120,000 time-based restricted stock units ("RSUs") with an effective grant date of March 21, 2025. The RSUs will vest over a three-year period, subject to Mr. Lanouette's continuous employment on each vesting date.

The inducement award to Mr. Lanouette was granted as a material inducement to his employment and was approved by iRobot's Board of Directors in accordance with Rule 5635(c)(4) of The NASDAQ Stock Market LLC. The award was granted outside iRobot's equity incentive plan.

About iRobot Corp.
iRobot is a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations that make life better. iRobot introduced the first Roomba robot vacuum in 2002. Today, iRobot is a global enterprise that has sold more than 50 million robots worldwide. iRobot's product portfolio features technologies and advanced concepts in cleaning, mapping and navigation. Working from this portfolio, iRobot engineers are building robots and smart home devices to help consumers make their homes easier to maintain and healthier places to live. For more information about iRobot, please visit www.irobot.com.

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SOURCE iRobot Corporation

FAQ

How many RSUs were granted to iRobot's new General Counsel in March 2025?

iRobot granted 120,000 time-based restricted stock units (RSUs) to Kevin Lanouette as an inducement award.

What is the vesting schedule for IRBT's inducement grant to Kevin Lanouette?

The RSUs will vest over a three-year period, subject to continuous employment on each vesting date.

When did Kevin Lanouette join iRobot as SVP and General Counsel?

Kevin Lanouette joined iRobot as Senior Vice President and General Counsel on January 17, 2025.

Why was the IRBT inducement grant issued outside the company's equity incentive plan?

The grant was issued outside the equity incentive plan as a material inducement to employment, in accordance with Nasdaq Rule 5635(c)(4).
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