IZEA Reports Inducement Grant Under NASDAQ Listing Rule 5635(C)(4)
IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing technology provider, has announced the granting of 169,357 time-based restricted stock units (RSUs) under its 2023 Inducement Plan. This grant is connected to IZEA's recent acquisition of The Reiman Agency, which closed on July 24, 2024. The RSUs were awarded to Alden Reiman, Managing Director of The Reiman Agency, as part of his employment agreement with IZEA.
The RSU grant will vest over a three-year period, with one-third vesting after 12 months and the remaining two-thirds vesting in quarterly increments thereafter, contingent on Mr. Reiman's continued service. This grant was approved by IZEA's Compensation Committee and Board of Directors on July 22, 2024, and is compliant with NASDAQ Listing Rule 5635(c)(4) as an inducement for Mr. Reiman's employment with IZEA.
IZEA Worldwide, Inc. (NASDAQ: IZEA), un fornitore leader di tecnologia per il marketing attraverso influencer, ha annunciato l'assegnazione di 169.357 unità azionarie con restrizione temporale (RSUs) nell'ambito del suo Piano di Induzione 2023. Questa assegnazione è collegata all'acquisizione recente di The Reiman Agency, che si è conclusa il 24 luglio 2024. Le RSUs sono state assegnate a Alden Reiman, Direttore Generale di The Reiman Agency, come parte del suo contratto di lavoro con IZEA.
L'assegnazione delle RSU si concretizzerà nel corso di un periodo di tre anni, con un terzo che si stabilirà dopo 12 mesi e i restanti due terzi che si concretizzeranno in incrementi trimestrali successivi, a condizione del proseguimento del servizio del signor Reiman. Questa assegnazione è stata approvata dal Comitato per la Remunerazione e dal Consiglio di Amministrazione di IZEA il 22 luglio 2024 e rispetta la Regola 5635(c)(4) dell'elenco NASDAQ come induzione per l'assunzione del signor Reiman con IZEA.
IZEA Worldwide, Inc. (NASDAQ: IZEA), un proveedor líder de tecnología de marketing de influencers, ha anunciado la concesión de 169,357 unidades de acciones restringidas basadas en el tiempo (RSUs) bajo su Plan de Inducción 2023. Esta concesión está relacionada con la reciente adquisición de The Reiman Agency, que se cerró el 24 de julio de 2024. Las RSUs fueron otorgadas a Alden Reiman, Director General de The Reiman Agency, como parte de su acuerdo laboral con IZEA.
La concesión de RSUs se consolidará a lo largo de un período de tres años, con un tercio consolidándose tras 12 meses y los dos tercios restantes consolidándose en incrementos trimestrales posteriormente, dependiendo del servicio continuo del Sr. Reiman. Esta concesión fue aprobada por el Comité de Compensación y la Junta Directiva de IZEA el 22 de julio de 2024 y cumple con la Regla de Listado 5635(c)(4) de NASDAQ como indución para el empleo del Sr. Reiman con IZEA.
IZEA Worldwide, Inc. (NASDAQ: IZEA)는 영향력 마케팅 기술 제공업체로서 169,357개의 시간 기반 제한 주식 단위(RSU)를 2023 유인 계획에 따라 부여했다고 발표했습니다. 이 부여는 2024년 7월 24일 종료된 The Reiman Agency의 최근 인수와 관련이 있습니다. RSU는 The Reiman Agency의 전무이사인 Alden Reiman에게 IZEA와의 고용 계약의 일환으로 수여되었습니다.
RSU 부여는 3년에 걸쳐 만료되며, 12개월 후 1/3이 만료되고, 나머지 2/3은 이후 분기별로 만료되며, Mr. Reiman의 지속적인 서비스에 따라 달라집니다. 이 부여는 2024년 7월 22일 IZEA의 보상 위원회와 이사회에서 승인되었으며, Mr. Reiman의 고용을 위한 유인으로 NASDAQ 상장 규칙 5635(c)(4)를 준수합니다.
IZEA Worldwide, Inc. (NASDAQ: IZEA), un fournisseur de technologie de marketing d'influence de premier plan, a annoncé l'attribution de 169 357 unités d'actions restreintes basées sur le temps (RSU) dans le cadre de son Plan d'Induction 2023. Cette attribution est liée à l'acquisition récente de The Reiman Agency, qui a été finalisée le 24 juillet 2024. Les RSUs ont été attribuées à Alden Reiman, Directeur Général de The Reiman Agency, dans le cadre de son contrat de travail avec IZEA.
L'attribution des RSU sera acquise sur une période de trois ans, avec un tiers acquis après 12 mois et les deux tiers restants acquis par tranches trimestrielles par la suite, sous réserve du service continu de M. Reiman. Cette attribution a été approuvée par le Comité de Rémunération et le Conseil d'Administration d'IZEA le 22 juillet 2024, et est conforme à la Règle de cotation 5635(c)(4) de NASDAQ en tant qu'incitation pour l'emploi de M. Reiman chez IZEA.
IZEA Worldwide, Inc. (NASDAQ: IZEA), ein führender Anbieter von Influencer-Marketing-Technologie, hat die Gewährung von 169.357 zeitbasierten Restricted Stock Units (RSUs) im Rahmen seines Induktionsplans 2023 bekannt gegeben. Diese Gewährung steht im Zusammenhang mit der kürzlichen Übernahme von The Reiman Agency, die am 24. Juli 2024 abgeschlossen wurde. Die RSUs wurden Alden Reiman, dem Managing Director von The Reiman Agency, im Rahmen seines Arbeitsvertrags mit IZEA zugeteilt.
Die RSU-Gewährung wird über einen drei Jahre dauernden Zeitraum fällig, wobei ein Drittel nach 12 Monaten fällig wird und die verbleibenden zwei Drittel danach vierteljährlich fällig werden, abhängig von der fortgesetzten Tätigkeit von Herrn Reiman. Diese Gewährung wurde am 22. Juli 2024 vom Vergütungsausschuss und dem Vorstand von IZEA genehmigt und entspricht der NASDAQ-Listing-Regel 5635(c)(4) als Anreiz für die Anstellung von Herrn Reiman bei IZEA.
- Acquisition of The Reiman Agency completed on July 24, 2024
- Strategic hiring of Alden Reiman as Managing Director
- Implementation of performance-based compensation structure through RSUs
- Potential dilution of existing shareholders due to issuance of new RSUs
ORLANDO, Fla., July 26, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a premier provider of influencer marketing technology, data and services for the world’s leading brands, today announced that it granted a total of 169,357 time-based restricted stock units (“RSUs”) under the IZEA Worldwide, Inc. 2023 Inducement Plan (the “Inducement Plan”) in connection with its acquisition of The Reiman Agency, which closed on July 24, 2024.
The time-based RSU grant was issued to Alden Reiman, Managing Director of The Reiman Agency, by IZEA. The grant will vest one-third after 12 months and two-thirds in quarterly increments thereafter over the three-year period, subject to Mr. Reiman’s continued service. The RSU award is subject to the terms and conditions of the Inducement Plan and the terms and conditions of the applicable RSU award agreement covering the grant.
The company’s Compensation Committee and Board of Directors approved the grant on July 22, 2024, to be issued in conjunction with the acquisition of The Reiman Agency. Under NASDAQ Listing Rule 5635(c)(4), the grant was made as an inducement material to Mr. Reiman’s entering into an employment relationship with IZEA.
About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”) is a marketing technology company providing software and professional services that enable brands to collaborate and transact with the full spectrum of today’s top social influencers and content creators. The company serves as a champion for the growing Creator Economy, enabling individuals to monetize their content, creativity, and influence. IZEA launched the industry’s first-ever influencer marketing platform in 2006 and has since facilitated nearly 4 million transactions between online buyers and sellers. Leading brands and agencies partner with IZEA to increase digital engagement, diversify brand voice, scale content production, and drive a measurable return on investment.
FAQ
How many restricted stock units (RSUs) did IZEA Worldwide (NASDAQ: IZEA) grant in connection with The Reiman Agency acquisition?
When did IZEA Worldwide (NASDAQ: IZEA) complete the acquisition of The Reiman Agency?
What is the vesting schedule for the RSUs granted by IZEA Worldwide (NASDAQ: IZEA) to Alden Reiman?
Under which NASDAQ rule did IZEA Worldwide (NASDAQ: IZEA) grant the RSUs as an inducement?
