LivePerson Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

Rhea-AI Summary

LivePerson, Inc. (Nasdaq: LPSN) announced grants of equity-based incentive awards under its 2018 Inducement Plan, fulfilling Nasdaq Listing Rule 5635(c)(4). Recent hires as of May 17, 2022, received a total of 158,799 RSUs and 86,220 stock options. These grants will vest at a rate of 25% annually over four years, contingent on continued employment. LivePerson is known for its Conversational AI technology, facilitating nearly a billion interactions monthly for clients including HSBC and GM Financial. The company has been recognized as the #1 Most Innovative AI Company globally.

Positive

• Grants of 158,799 RSUs and 86,220 stock options enhance employee recruitment and retention.
• Equity-based incentives align employees' interests with company performance.
• Recognition as the #1 Most Innovative AI Company underscores industry leadership.

Negative

• None.

NEW YORK, May 31, 2022 /PRNewswire/ -- LivePerson, Inc. (Nasdaq: LPSN) is providing confirmatory notice, pursuant to the requirements of Nasdaq Listing Rule 5635(c)(4), of recent grants of equity-based incentive awards that LivePerson made under its Inducement Plan.

LivePerson established the LivePerson Inc. 2018 Inducement Plan (the "Inducement Plan") to provide equity-based incentive awards to new hires. In connection with recent employee hires through May 17, 2022, LivePerson has made grants of RSUs to 15 employees totaling 158,799 Shares and grants of stock options to 7 employees totaling 86,220 Shares.

All RSU and stock option grants vest 25% per year over 4 years and are subject to the grantee's continued employment on the scheduled vesting date. Each award under the Inducement Plan was granted as an inducement material to the grantee entering into employment with the Company.

About LivePerson, Inc.

LivePerson (NASDAQ: LPSN) is a leading Conversational AI company creating digital experiences that are Curiously Human. Every person is unique, and our technology makes it possible for companies to treat their audiences that way at scale. Our customers, including leading brands like HSBC, Orange, and GM Financial, can now meet consumers where they are across social media, messaging, email, voice, and more. Nearly a billion conversational interactions are powered by our Conversational Cloud each month. Out of that comes a uniquely rich data set for AI for brands to build connections that are anything but artificial. Fast Company named us the #1 Most Innovative AI Company in the world. To talk with us or our Conversational AI, please visit liveperson.com.

Media Contact:
Mike Tague
pr@liveperson.com 

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SOURCE LivePerson, Inc.

FAQ

What is the recent grant announcement by LivePerson (LPSN) about?

LivePerson announced grants of equity-based incentive awards to new hires under its 2018 Inducement Plan, including RSUs and stock options.

How many shares were granted in the recent equity awards by LivePerson (LPSN)?

LivePerson granted a total of 158,799 RSUs and 86,220 stock options to employees.

What is the vesting schedule for the equity awards granted by LivePerson (LPSN)?

The grants vest 25% per year over four years, contingent on continued employment.

How does LivePerson's technology benefit its customers?

LivePerson's Conversational AI technology enables brands to engage with their audiences across various platforms, facilitating nearly a billion interactions monthly.

What recognition has LivePerson (LPSN) received in the industry?

LivePerson was named the #1 Most Innovative AI Company in the world by Fast Company.