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

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LivePerson, Inc. (Nasdaq: LPSN) has issued a confirmatory notice regarding recent equity-based incentive awards granted under its 2018 Inducement Plan. This announcement is in compliance with Nasdaq Listing Rule 5635(c)(4). The company established the Inducement Plan to provide equity-based incentives to new hires during active hiring periods.

In September 2024, LivePerson granted restricted stock units (RSUs) to one employee for 305,603 shares of common stock. This grant replaces a previously reported May 2024 grant of 268,588 shares. The RSUs are set to vest after six months, contingent upon the grantee's continued employment. These awards were granted as inducements for the grantee to join the company.

LivePerson, Inc. (Nasdaq: LPSN) ha emesso una comunicazione confermativa riguardo ai recenti premi incentivanti basati su azioni concessi nell’ambito del suo Piano di Induzione 2018. Questo annuncio è conforme alla Regola di Quotazione 5635(c)(4) di Nasdaq. L'azienda ha istituito il Piano di Induzione per fornire incentivi basati su azioni ai nuovi assunti durante i periodi di assunzione attivi.

Nel settembre 2024, LivePerson ha concesso unità di azioni vincolate (RSU) a un dipendente per 305.603 azioni ordinarie. Questa concessione sostituisce una precedente concessione riportata di 268.588 azioni effettuata a maggio 2024. Le RSU saranno soggette a vesting dopo sei mesi, a condizione che il beneficiario continui a essere impiegato. Questi premi sono stati concessi come incentivo per il beneficiario ad unirsi all'azienda.

LivePerson, Inc. (Nasdaq: LPSN) ha emitido un aviso confirmatorio sobre los recientes premios basados en acciones otorgados bajo su Plan de Inducción 2018. Este anuncio cumple con la Regla de Cotización 5635(c)(4) de Nasdaq. La compañía estableció el Plan de Inducción para proporcionar incentivos basados en acciones a nuevos empleados durante los períodos de contratación activa.

En septiembre de 2024, LivePerson otorgó unidades de acciones restringidas (RSUs) a un empleado por 305,603 acciones comunes. Esta concesión reemplaza una concesión previamente informada de 268,588 acciones en mayo de 2024. Las RSUs se otorgarán después de seis meses, condicionado al empleo continuo del beneficiario. Estos premios se otorgaron como incentivos para que el beneficiario se uniera a la empresa.

LivePerson, Inc. (Nasdaq: LPSN)는 2018 유도 계획에 따라 최근에 주식 기반 인센티브 보상에 대한 확인 통지를 발표했습니다. 이 발표는 Nasdaq 상장 규칙 5635(c)(4)을 준수한 것입니다. 회사는 활성 채용 기간 동안 새로운 직원에게 주식 기반 인센티브를 제공하기 위해 유도 계획을 수립했습니다.

2024년 9월, LivePerson은 한 직원에게 305,603주의 보통주에 대해 제한된 주식 단위(RSU)를 부여했습니다. 이 보상은 2024년 5월에 신고된 268,588주의 보상을 대체합니다. RSU는 수혜자의 계속적인 고용 조건으로 6개월 후에 귀속됩니다. 이 보상은 수혜자가 회사에 합류하도록 유도하기 위해 제공되었습니다.

LivePerson, Inc. (Nasdaq: LPSN) a émis un avis confirmatif concernant les récents prix d'incitation basés sur des actions accordés dans le cadre de son Plan d'Induction 2018. Cette annonce est conforme à la règle de cotation de Nasdaq 5635(c)(4). L'entreprise a établi le Plan d'Induction pour fournir des incitations basées sur des actions aux nouvelles recrues pendant les périodes de recrutement actif.

En septembre 2024, LivePerson a accordé des unités d'actions restreintes (RSU) à un employé pour 305,603 actions ordinaires. Cette attribution remplace une attribution précédemment rapportée de 268,588 actions en mai 2024. Les RSU doivent être acquises après six mois, sous réserve de l'emploi continu du bénéficiaire. Ces prix ont été accordés pour inciter le bénéficiaire à rejoindre l'entreprise.

LivePerson, Inc. (Nasdaq: LPSN) hat eine bestätigende Mitteilung zu den kürzlich vergebenen aktienbasierten Incentives im Rahmen seines 2018 Induktionsplans veröffentlicht. Diese Ankündigung entspricht der Nasdaq-Listing-Regel 5635(c)(4). Das Unternehmen hat den Induktionsplan eingerichtet, um aktienbasierte Anreize für neue Mitarbeiter während aktiver Einstellungsphasen bereitzustellen.

Im September 2024 vergab LivePerson eingeschränkte Aktieneinheiten (RSUs) an einen Mitarbeiter für 305,603 Aktien des Stammkapitals. Diese Zuwendung ersetzt eine zuvor berichtete Zuwendung von 268,588 Aktien im Mai 2024. Die RSUs sollen nach sechs Monaten fällig werden, vorausgesetzt, der Zuwendungsempfänger ist weiterhin beschäftigt. Diese Auszeichnungen wurden als Anreize für den Zuwendungsempfänger vergeben, um dem Unternehmen beizutreten.

Positive
  • Equity-based incentives offered to attract and retain talent
  • Compliance with Nasdaq listing rules, demonstrating good corporate governance
Negative
  • Potential dilution of existing shareholders due to new stock issuance

NEW YORK, Oct. 11, 2024 /PRNewswire/ -- LivePerson, Inc. (Nasdaq: LPSN) is providing confirmatory notice, in compliance with the requirements of Nasdaq Listing Rule 5635(c)(4), of recent grants of equity-based incentive awards that LivePerson made under the LivePerson Inc. 2018 Inducement Plan (the "Inducement Plan").

LivePerson established the Inducement Plan for the purpose of providing equity-based incentive awards to new hires and has done so during active periods of hiring.  In September 2024, LivePerson granted an award of restricted stock units ("RSUs") to one employee in respect of 305,603 shares of LivePerson's common stock, in replacement of a grant previously reported in May 2024 as 268,588 shares of LivePerson's common stock. The RSUs all vest after six months.

All of the RSU grants are subject to the grantee's continued employment on the scheduled vesting date. Each award granted under the Inducement Plan was granted as an inducement material to the grantee's entering into employment with the Company.

About LivePerson, Inc.

LivePerson (NASDAQ: LPSN) is the enterprise leader in digital-first customer conversations. The world's leading brands — including HSBC, Chipotle, and Virgin Media — use our award-winning Conversational Cloud platform to connect with millions of consumers. We power nearly a billion conversational interactions every month, providing a uniquely rich data set and AI-powered solutions to accelerate contact center transformation, supercharge agent productivity, and deliver more personalized customer experiences. Fast Company named us the #1 Most Innovative AI Company in the world. To talk with us or our AI, please visit liveperson.com.

Investor Contact:

ir-lp@liveperson.com

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SOURCE LivePerson, Inc.

FAQ

How many shares of LivePerson (LPSN) were granted as RSUs in September 2024?

In September 2024, LivePerson (LPSN) granted restricted stock units (RSUs) for 305,603 shares of common stock to one employee.

What is the vesting period for the RSUs granted by LivePerson (LPSN) in September 2024?

The RSUs granted by LivePerson (LPSN) in September 2024 are set to vest after six months, subject to the grantee's continued employment.

Why did LivePerson (LPSN) issue this press release about equity grants?

LivePerson (LPSN) issued this press release to comply with Nasdaq Listing Rule 5635(c)(4), which requires companies to disclose equity-based incentive awards granted to new hires outside of shareholder-approved equity plans.

What is the purpose of LivePerson's (LPSN) 2018 Inducement Plan?

LivePerson's (LPSN) 2018 Inducement Plan was established to provide equity-based incentive awards to new hires during active hiring periods.

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