Cardlytics Grants Restricted Stock Units to New Employees
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Cardlytics Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Cardlytics, Inc. (NASDAQ: CDLX), an advertising platform operating within banks’ digital channels, has made a significant announcement regarding its employment incentives. The Compensation Committee of Cardlytics’ Board of Directors has granted a total of 49,900 restricted stock units to seven newly hired employees. This initiative is part of a strategy to attract top talent and is in compliance with Nasdaq Listing Rule 5635(c)(4). The restricted stock units were awarded under the Cardlytics, Inc. 2022 Inducement Plan.
Details of the Inducement Grant
According to the terms of the grant, 50% of the restricted stock units will vest on the first anniversary of the grant date, while the remaining 50% will vest quarterly over the following 12 months. This vesting is contingent on the employees maintaining continuous service with Cardlytics until the vesting date. The restricted stock units are subject to specific terms and conditions outlined in the 2022 Inducement Plan.
About Cardlytics
Cardlytics (NASDAQ: CDLX) operates as a digital advertising platform that partners with financial institutions to manage their rewards programs, designed to promote customer loyalty and build stronger relationships with consumers. The platform has a unique advantage by obtaining insights into nearly 50% of card-based transactions within the U.S. market. This comprehensive access allows Cardlytics to analyze consumer spending habits, enabling marketers to effectively reach potential buyers and measure the direct impact of their marketing endeavors.
Headquartered in Atlanta, Cardlytics also maintains offices in Menlo Park, Los Angeles, New York, and London, supporting its operations and client engagement across various regions.
Contact Information
For further inquiries, please contact:
Public Relations:
pr@cardlytics.com
Investor Relations:
ir@cardlytics.com
Frequently Asked Questions
1. What is the purpose of the restricted stock units granted by Cardlytics?
The restricted stock units are intended to serve as an employment inducement for newly hired employees, enhancing talent acquisition.
2. How many restricted stock units were granted?
A total of 49,900 restricted stock units were granted to seven newly hired employees.
3. What are the vesting terms of the restricted stock units?
50% of the units will vest on the first anniversary of the grant date, while the remaining 50% will vest quarterly over the next 12 months.
4. Under which plan were the restricted stock units granted?
The restricted stock units were granted under the Cardlytics, Inc. 2022 Inducement Plan.
5. Where is Cardlytics headquartered?
Cardlytics is headquartered in Atlanta, Georgia, and has additional offices in Menlo Park, Los Angeles, New York, and London.
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