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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 notice regarding recent equity-based incentive awards granted under its 2018 Inducement Plan. This plan is designed to provide equity incentives to new hires during active hiring periods. In August 2024, the company made grants in connection with recent employee hires, including:

- Two grants of restricted stock units (RSUs) totaling 66,000 shares of LivePerson's common stock
- RSUs vest 50% per year over two years
- Vesting is subject to the grantee's continued employment
- Awards were granted as inducements for new employees joining the company

This notice complies with Nasdaq Listing Rule 5635(c)(4), which requires disclosure of such inducement grants.

LivePerson, Inc. (Nasdaq: LPSN) ha emesso un avviso riguardante le recenti assegnazioni di incentivi basati su equity concesse ai sensi del suo Piano di Incentivazione del 2018. Questo piano è progettato per fornire incentivi azionari ai nuovi assunti durante i periodi di assunzioni attive. Nel mese di agosto 2024, l'azienda ha effettuato concessioni in relazione alle recenti assunzioni, tra cui:

- Due concessioni di unità di azioni vincolate (RSU) per un totale di 66.000 azioni del capitale sociale di LivePerson
- Le RSU maturano il 50% all'anno per due anni
- La maturazione è soggetta alla continuazione dell'impiego del beneficiario
- Le assegnazioni sono state concesse come incentivi per i nuovi dipendenti che si uniscono all'azienda

Questo avviso è conforme alla Regola di Quotazione Nasdaq 5635(c)(4), che richiede la divulgazione di tali concessioni di incentivazione.

LivePerson, Inc. (Nasdaq: LPSN) ha emitido un aviso sobre las recientes asignaciones de incentivos basadas en acciones concedidas bajo su Plan de Incentivos de 2018. Este plan está diseñado para proporcionar incentivos de capital a nuevos empleados durante períodos activos de contratación. En agosto de 2024, la empresa realizó concesiones en relación con las recientes contrataciones de empleados, incluyendo:

- Dos concesiones de unidades de acciones restringidas (RSUs) por un total de 66,000 acciones de las acciones ordinarias de LivePerson
- Las RSUs adquieren el 50% por año durante dos años
- La adquisición está sujeta a la continuación del empleo del beneficiario
- Las concesiones se otorgaron como incentivos para los nuevos empleados que se unen a la empresa

Este aviso cumple con la Regla de Cotización Nasdaq 5635(c)(4), que exige la divulgación de tales concesiones de incentivo.

LivePerson, Inc. (나스닥: LPSN)은 2018 유도 계획에 따라 최근 주식 기반 인센티브 수여에 관한 공지를 발표했습니다. 이 계획은 적극적인 채용 기간 동안 새로운 고용인에게 주식 인센티브를 제공하기 위해 설계되었습니다. 2024년 8월, 회사는 최근 직원 채용과 관련하여 다음과 같은 수여를 진행했습니다:

- LivePerson의 보통주 66,000주에 해당하는 두 건의 제한 주식 단위(RSU) 수여
- RSU는 2년 동안 매년 50%씩 권리가 발생합니다
- 권리 발생은 수혜자의 지속적인 고용에 따라 달라집니다
- 수여는 회사를 새로 입사하는 직원에 대한 유도로 제공되었습니다

이 공지는 그러한 유도 수여의 공개를 요구하는 나스닥 상장 규칙 5635(c)(4)에 부합합니다.

LivePerson, Inc. (Nasdaq: LPSN) a publié un avis concernant les récentes attributions d'incitations basées sur des actions accordées dans le cadre de son Plan d'Incitation 2018. Ce plan est conçu pour fournir des incitations en actions aux nouvelles recrues pendant les périodes de recrutement actif. En août 2024, l'entreprise a effectué des attributions en rapport avec les récentes embauches d'employés, y compris :

- Deux attributions d'unités d'actions restreintes (RSU) totalisant 66 000 actions de l'action ordinaire de LivePerson
- Les RSU acquièrent 50 % par an pendant deux ans
- L'acquisition est soumise à la poursuite de l'emploi du bénéficiaire
- Les attributions ont été accordées comme incitations pour les nouveaux employés rejoignant l'entreprise

Cette notification est conforme à la Règle de Cotation Nasdaq 5635(c)(4), qui exige la divulgation de telles attributions incitatives.

LivePerson, Inc. (Nasdaq: LPSN) hat eine Mitteilung bezüglich der kürzlich unter ihrem 2018 Incentive Plan vergebenen aktienbasierten Anreize veröffentlicht. Dieser Plan ist darauf ausgelegt, neuen Mitarbeitern während aktiver Einstellungsphasen Aktienanreize zu bieten. Im August 2024 hat das Unternehmen Zuwendungen in Verbindung mit den kürzlich eingestellten Mitarbeitern gemacht, darunter:

- Zwei Zuwendungen von eingeschränkten Aktieneinheiten (RSUs) in Höhe von insgesamt 66.000 Aktien des Stammkapitals von LivePerson
- RSUs vesten 50% pro Jahr über zwei Jahre
- Die Vesting ist an die Fortsetzung der Beschäftigung des Berechtigten gebunden
- Die Auszeichnungen wurden als Anreiz für neue Mitarbeiter, die dem Unternehmen beitreten, gewährt

Diese Mitteilung entspricht der Nasdaq-Listing-Regel 5635(c)(4), die die Offenlegung solcher Anreizgewährungen fordert.

Positive
  • Continued hiring and talent acquisition efforts
  • Implementation of equity-based incentives to attract new employees
Negative
  • Potential dilution of existing shareholders due to new stock grants

NEW YORK, Aug. 30, 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 August 2024, LivePerson made grants under the Inducement Plan in connection with recent employee hires.

Such grants included two grants of restricted stock units ("RSUs") in respect of an aggregate of 66,000 shares of LivePerson's common stock. For each grant, the RSUs vest 50% per year over two years. 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 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 restricted stock units (RSUs) did LivePerson (LPSN) grant in August 2024?

LivePerson (LPSN) granted two RSU awards totaling 66,000 shares of common stock in August 2024.

What is the vesting schedule for the RSUs granted by LivePerson (LPSN) in August 2024?

The RSUs granted by LivePerson (LPSN) in August 2024 vest 50% per year over two years, subject to the grantee's continued employment.

Why did LivePerson (LPSN) issue these equity-based incentive awards?

LivePerson (LPSN) issued these awards as inducements for new employees joining the company, using its 2018 Inducement Plan designed for equity-based incentives during active hiring periods.

Which Nasdaq rule does LivePerson's (LPSN) notice comply with regarding these inducement grants?

LivePerson's (LPSN) notice complies with Nasdaq Listing Rule 5635(c)(4), which requires disclosure of equity-based inducement grants to new hires.

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