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LSI Industries Inc. (LYTS) granted an inducement stock option to Mark Duato, Senior Vice President of Security Solutions, under NASDAQ Listing Rule 5635(c)(4). The option allows him to purchase up to 25,000 shares of the Company's common stock at $15.01 per share, with full vesting on the third anniversary of the grant.
LSI Industries Inc. (LYTS) ha concesso un'opzione di acquisto incentivo a Mark Duato, Vicepresidente Senior delle Soluzioni di Sicurezza, ai sensi della Regola di Quotazione NASDAQ 5635(c)(4). L'opzione gli permette di acquistare fino a 25.000 azioni del capitale ordinario della società al prezzo di 15,01 dollari per azione, con pieno diritto di acquisizione al terzo anniversario della concessione.
LSI Industries Inc. (LYTS) otorgó una opción de compra de acciones como incentivo a Mark Duato, Vicepresidente Senior de Soluciones de Seguridad, bajo la Regla de Cotización NASDAQ 5635(c)(4). La opción le permite comprar hasta 25,000 acciones de la compañía a un precio de $15.01 por acción, con la totalidad de derechos adquiridos en el tercer aniversario de la concesión.
LSI Industries Inc.(LYTS)는 나스닥 상장 규칙 5635(c)(4)에 따라 보안 솔루션 시니어 부사장인 마크 듀아토에게 유인 주식 옵션을 부여하였습니다. 이 옵션을 통해 그는 회사의 보통주를 주당 15.01달러에 최대 25,000주까지 구매할 수 있으며, 부여된 날로부터 3년째 되는 날에 완전히 확정됩니다.
LSI Industries Inc. (LYTS) a accordé une option d'achat d'actions à titre d'incitation à Mark Duato, Vice-président senior des Solutions de sécurité, conformément à la Règle de cotation NASDAQ 5635(c)(4). Cette option lui permet d'acheter jusqu'à 25 000 actions ordinaires de la société au prix de 15,01 dollars par action, avec une acquisition complète au troisième anniversaire de l'octroi.
LSI Industries Inc. (LYTS) hat Mark Duato, Senior Vice President für Sicherheitslösungen, gemäß NASDAQ-Notierungsregel 5635(c)(4), eine Aktienoptionsanreiz gewährt. Die Option ermöglicht ihm den Kauf von bis zu 25.000 Aktien der Stammaktien des Unternehmens zu einem Preis von 15,01 Dollar pro Aktie, vollständig erworben am dritten Jahrestag der Gewährung.
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CINCINNATI--(BUSINESS WIRE)--
LSI Industries Inc. (NASDAQ: LYTS, or the “Company”),a leading U.S. based manufacturer of commercial lighting and display solutions, today announced an inducement grant in accordance with NASDAQ Listing Rule 5635(c)(4) to Mark Duato, Senior Vice President of Security Solutions, effective April 29, 2024. The awards were granted by the Company’s Compensation Committee.
Mr. Duato was granted an inducement stock option to purchase up to 25,000 shares of the Company’s common stock. The award was approved in connection with the commencement of his employment with the Company on April 29, 2024 and has a ten-year term. The option is exercisable at a price of $15.01 per share (the closing price on April 29, 2024). The options will vest in full on the third anniversary date of grant.
About LSI Industries Inc.
Headquartered in Cincinnati, LSI Industries (NASDAQ: LYTS) specializes in the creation of advanced lighting, graphics, and display solutions. The Company’s American-made products, which include lighting, print graphics, digital graphics, millwork, metal and refrigerated products, and custom displays, are engineered to elevate brands in competitive markets. With a workforce of approximately 1,900 employees and 16 facilities throughout North America, LSI is dedicated to providing top-quality solutions to its clients. Additional information about LSI is available at www.lsicorp.com.
Forward-Looking Statements
For details on the uncertainties that may cause our actual results to be materially different than those expressed in our forward-looking statements, visit https://investors.lsicorp.com as well as our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q which contain risk factors.
Additional note: Today’s news release, along with past releases from LSI Industries Inc., is available on the Company’s internet site at www.lsi-industries.com.
