Cerence Announces Equity Grant to Employee Under Inducement Plan
Cerence Announces Equity Grant to Employee Under Inducement Plan
BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the "Company"), AI for a world in motion, today announced that, in connection with Daniel Tempesta's recent appointment as Chief Financial Officer effective March 18, 2024, the Company granted Mr. Tempesta an initial equity award with a target aggregate value of $3 million. Such award consists of 102,599 time-based restricted stock units and 102,599 performance-based restricted stock units, based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant. The time-based restricted stock units will vest in three equal installments on each of October 1, 2024, October 1, 2025, and October 1, 2026, in each case subject to Mr. Tempesta's continued service with the Company through the applicable vesting date. The performance-based restricted stock units will be earned based on the Company's performance upon the completion of each of fiscal year 2024, 2025, and 2026, with one-third of the total performance-based restricted stock units eligible to be earned for each fiscal year, subject to Mr. Tempesta's continued service with the Company through such vesting date. In addition, the Company granted Mr. Tempesta a one-time sign-on equity award with a target aggregate value of $3 million, consisting of 205,198 restricted stock units based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant, which vests in three equal installments on each of December 15, 2024, December 15, 2025, and December 15, 2026, subject to Mr. Tempesta's continued service with the Company through such vesting date. All of these awards were granted as an inducement material to Mr. Tempesta entering into employment with the Company pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.
马萨诸塞州伯灵顿，2024年3月19日（GLOBE NEWSWIRE）——Cerence Inc.（纳斯达克股票代码：CRNC）（以下简称 “公司”），“人工智能促进动感世界”，今天宣布，由于丹尼尔·坦佩斯塔最近被任命为首席财务官，自2024年3月18日起生效，公司授予坦佩斯塔先生初始股权奖励，目标总价值为300万美元。根据截至授予之日的过去20个交易日公司普通股的平均收盘价，该奖励包括102,599个基于时间的限制性股票单位和102,599个基于业绩的限制性股票单位。基于时间的限制性股票单位将分别于2024年10月1日、2025年10月1日和2026年10月1日分三次等额分期归属，每种情况都要视坦佩斯塔先生在适用的归属日期之前继续在公司任职而定。基于业绩的限制性股票单位将根据公司在2024、2025和2026财年结束时的业绩获得，每个财年基于业绩的限制性股票单位总量的三分之一有资格获得，但要视坦佩斯塔先生在该归属日期之前继续在公司任职而定。此外，公司授予坦佩斯塔先生一次性签约股权奖励，目标总价值为300万美元，包括205,198个限制性股票单位，根据截至授予之日的过去20个交易日的公司普通股的平均收盘价，该奖励在2024年12月15日、2025年12月15日和2026年12月15日分别等额分三期归属，但须视坦佩斯塔先生的持续任职而定在此归属日期之前与公司共享。根据纳斯达克上市规则第5635（c）（4）条，所有这些奖励都是作为激励Tempesta先生在公司工作的激励材料而授予的。
To learn more about Cerence, visit , and follow the company on LinkedIn and Twitter.
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About Cerence Inc.
Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the mobility world. As an innovation partner to the world's leading automakers and mobility OEMs, it is helping advance the future of connected mobility through intuitive, AI-powered interaction between humans and their vehicles, connecting consumers' digital lives to their daily journeys no matter where they are. Cerence's track record is built on more than 20 years of knowledge and 475 million cars shipped with Cerence technology. Whether it's connected cars, autonomous driving, e-vehicles, or two-wheelers, Cerence is mapping the road ahead. For more information, visit .
关于 Cerence Inc.
Cerence（纳斯达克股票代码：CRNC）是为出行世界创造独特的移动体验的全球行业领导者。作为世界领先汽车制造商和出行原始设备制造商的创新合作伙伴，它正在通过人与车辆之间基于人工智能的直观互动，帮助推动互联出行的未来，将消费者的数字生活与他们的日常旅程联系起来，无论他们身在何处。Cerence的往绩建立在超过20年的知识和4.75亿辆采用Cerence技术的汽车的基础上。无论是联网汽车、自动驾驶、电动汽车还是两轮车，Cerence 都在规划未来的道路。欲了解更多信息，请访问。
Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com
凯特·希克曼 | 电话：339-215-4583 | 电子邮件：kate.hickman@cerence.com