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Skillsoft Announces New Employee Inducement Grants Under NYSE Rule 303A.08

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Skillsoft (NYSE: SKIL), a leading platform for transformative learning experiences, has announced new employee inducement grants under NYSE Rule 303A.08. On August 28, 2024, the company's Compensation Committee granted restricted stock units (RSUs) covering 50,000 shares of Class A common stock to two new employees. Thomas Infantino, hired as Senior Vice President, Sales on June 24, 2024, received 25,000 RSUs. Tzetoslav Lakov, appointed as Chief Analytics Officer on July 29, 2024, also received 25,000 RSUs. Both grants vest ratably over four years, subject to continued employment. These awards were granted under Skillsoft's 2024 Employment Inducement Incentive Award Plan as material inducements for hiring.

Skillsoft (NYSE: SKIL), una delle principali piattaforme per esperienze di apprendimento trasformative, ha annunciato nuovi incentivi per i dipendenti ai sensi della Regola 303A.08 della NYSE. Il 28 agosto 2024, il Comitato per la Retribuzione dell'azienda ha concesso unità di azioni vincolate (RSU) che coprono 50.000 azioni di azioni ordinarie di Classe A a due nuovi dipendenti. Thomas Infantino, assunto come Vicepresidente Senior delle Vendite il 24 giugno 2024, ha ricevuto 25.000 RSU. Tzetoslav Lakov, nominato Chief Analytics Officer il 29 luglio 2024, ha ricevuto anch'egli 25.000 RSU. Entrambi gli incentivi maturano progressivamente nel corso di quattro anni, a condizione di un'occupazione continuativa. Questi premi sono stati concessi nell'ambito del Piano di Incentivi per l'Occupazione 2024 di Skillsoft come incentivi materiali per l'assunzione.

Skillsoft (NYSE: SKIL), una de las principales plataformas para experiencias de aprendizaje transformadoras, ha anunciado nuevas concesiones de incentivos para empleados bajo la Regla 303A.08 de la NYSE. El 28 de agosto de 2024, el Comité de Compensación de la empresa otorgó unidades de acciones restringidas (RSU) que cubren 50,000 acciones de acciones comunes clase A a dos nuevos empleados. Thomas Infantino, contratado como Vicepresidente Senior de Ventas el 24 de junio de 2024, recibió 25,000 RSU. Tzetoslav Lakov, designado como Oficial Principal de Análisis el 29 de julio de 2024, también recibió 25,000 RSU. Ambas concesiones se consolidan de manera gradual durante cuatro años, sujeto a un empleo continuo. Estos premios fueron otorgados bajo el Plan de Incentivos de Empleo 2024 de Skillsoft como incentivos materiales para la contratación.

Skillsoft (NYSE: SKIL)는 혁신적인 학습 경험을 위한 주요 플랫폼으로, NYSE 규정 303A.08에 따라 새로운 직원 유도 보상을 발표했습니다. 2024년 8월 28일, 회사의 보상 위원회는 두 명의 새로운 직원에게 클래스 A 보통주 50,000주에 대한 제한 주식 유닛(RSU)을 부여했습니다. Thomas Infantino는 2024년 6월 24일 판매 부사장으로 채용되었으며, 25,000 RSU를 받았습니다. Tzetoslav Lakov는 2024년 7월 29일 수석 분석 책임자로 임명되었으며, 25,000 RSU를 받았습니다. 두 보상 모두 지속적인 고용을 조건으로 하여 4년 동안 균등하게 부여됩니다. 이 보상은 Skillsoft의 2024년 직원 유도 인센티브 상금 계획에 따라 채용을 위한 주요 유인책으로 부여되었습니다.

Skillsoft (NYSE: SKIL), une plateforme de premier plan pour des expériences d'apprentissage transformantes, a annoncé de nouvelles subventions d'incitation à l'embauche conformément à la règle 303A.08 de la NYSE. Le 28 août 2024, le comité de rémunération de l'entreprise a attribué des unités d'actions restreintes (RSU) couvrant 50 000 actions ordinaires de classe A à deux nouveaux employés. Thomas Infantino, embauché en tant que vice-président senior des ventes le 24 juin 2024, a reçu 25 000 RSU. Tzetoslav Lakov, nommé directeur de l'analyse le 29 juillet 2024, a également reçu 25 000 RSU. Ces allocations sont acquises progressivement sur quatre ans, sous réserve d'un emploi continu. Ces récompenses ont été attribuées dans le cadre du plan d'incitation à l'embauche 2024 de Skillsoft comme incitations matérielles à l'embauche.

Skillsoft (NYSE: SKIL), eine führende Plattform für transformative Lernerfahrungen, hat neue Mitarbeiteranreizvergaben gemäß NYSE-Regel 303A.08 bekannt gegeben. Am 28. August 2024 gewährte der Vergütungsausschuss des Unternehmens eingeschränkte Aktieneinheiten (RSUs) für 50.000 Aktien der Stammaktien der Klasse A an zwei neue Mitarbeiter. Thomas Infantino, der am 24. Juni 2024 als Senior Vice President Sales eingestellt wurde, erhielt 25.000 RSUs. Tzetoslav Lakov, der am 29. Juli 2024 zum Chief Analytics Officer ernannt wurde, erhielt ebenfalls 25.000 RSUs. Beide Zuteilungen vesten gleichmäßig über vier Jahre, vorausgesetzt, die Beschäftigung bleibt bestehen. Diese Auszeichnungen wurden im Rahmen des 2024-Plan für Mitarbeiteranreize von Skillsoft als wesentliche Anreize für die Einstellung vergeben.

Positive
  • Skillsoft is attracting high-level talent with Thomas Infantino as SVP of Sales and Tzetoslav Lakov as Chief Analytics Officer
  • The company is offering competitive compensation packages with RSUs to attract and retain key employees
Negative
  • The issuance of new RSUs may lead to potential dilution of existing shareholders' stakes

BOSTON--(BUSINESS WIRE)-- Skillsoft (NYSE: SKIL) ("Skillsoft" or the “Company”), a leading platform for transformative learning experiences, today announced that on August 28, 2024, the Compensation Committee of Skillsoft's Board of Directors granted restricted stock units ("RSUs") covering an aggregate of 50,000 shares of the Company's Class A common stock to two new employees. The RSUs were granted under Skillsoft's 2024 Employment Inducement Incentive Award Plan and offered as a material inducement to the hiring of the new employees as follows.

  • On June 24, 2024, Mr. Thomas Infantino was hired as the Company’s Senior Vice President, Sales. Mr. Infantino received 25,000 RSUs, which vest ratably over four years subject to Mr. Infantino’s continued employment with the Company through each vesting date.
  • On July 29, 2024, Mr. Tzetoslav Lakov was hired as the Company’s Chief Analytics Officer. Mr. Lakov received 25,000 RSUs, which vest ratably over four years subject to Mr. Lakov’s continued employment with the Company through each vesting date.

The awards were granted in reliance on the employment inducement exemption under the NYSE’s Listed Company Manual Rule 303A.08, which requires public announcement of inducement awards. The Company is issuing this press release pursuant to Rule 303A.08.

About Skillsoft
Skillsoft (NYSE: SKIL) delivers transformative learning experiences that propel organizations and people to grow together. The Company partners with enterprise organizations and serves a global community of learners to prepare today’s employees for tomorrow’s economy. With Skillsoft, customers gain access to blended, multimodal learning experiences that do more than build skills, they grow a more capable, adaptive, and engaged workforce. Through a portfolio of best-in-class content, a platform that is personalized and connected to customer needs, world-class tech and a broad ecosystem of partners, Skillsoft drives continuous growth and performance for employees and their organizations by overcoming critical skill gaps and unlocking human potential.

Investors

Shaina Keegan

shaina.keegan@skillsoft.com

Media

Cameron Martin

cameron.martin@skillsoft.com

Source: Skillsoft

FAQ

How many restricted stock units (RSUs) did Skillsoft (SKIL) grant to new employees on August 28, 2024?

Skillsoft granted a total of 50,000 restricted stock units (RSUs) to two new employees on August 28, 2024.

Who are the new executives joining Skillsoft (SKIL) and what positions will they hold?

Thomas Infantino joined as Senior Vice President, Sales on June 24, 2024, and Tzetoslav Lakov joined as Chief Analytics Officer on July 29, 2024.

What is the vesting schedule for the RSUs granted by Skillsoft (SKIL) to its new executives?

The RSUs granted to both new executives vest ratably over four years, subject to their continued employment with Skillsoft through each vesting date.

Under which plan were the RSUs granted by Skillsoft (SKIL)?

The RSUs were granted under Skillsoft's 2024 Employment Inducement Incentive Award Plan.

Skillsoft Corp.

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