Cardlytics Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Cardlytics, Inc. (NASDAQ: CDLX), a digital advertising platform that operates within banks’ online channels, has made an important announcement regarding its employee incentives. The Compensation Committee of Cardlytics’ Board of Directors has approved the granting of 49,900 restricted stock units to seven newly hired employees. This initiative aims to attract top talent and adheres to Nasdaq Listing Rule 5635(c)(4). The restricted stock units were issued under the Cardlytics, Inc. 2022 Inducement Plan.
Details of the Inducement Grant
As specified in the grant's terms, 50% of the restricted stock units will vest on the first anniversary of the grant date. The remaining 50% will vest quarterly over the subsequent 12 months. This vesting is dependent on the employees maintaining continuous service with Cardlytics until the vesting date. The restricted stock units are subject to certain terms and conditions outlined in the 2022 Inducement Plan.
About Cardlytics
Cardlytics (NASDAQ: CDLX) functions as a digital advertising platform that collaborates with financial institutions to manage their rewards programs. These programs are designed to enhance customer loyalty and foster stronger relationships with consumers. The platform benefits from insights into nearly 50% of card-based transactions in the U.S. market, allowing Cardlytics to analyze consumer spending patterns. This capability enables marketers to effectively target potential customers and assess the direct impact of their marketing efforts.
Based in Atlanta, Cardlytics also has offices in Menlo Park, Los Angeles, New York, and London, which support its operations and client engagement across various regions.
Contact Information
If you have any questions, please reach out to:
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 designed to serve as an employment incentive for newly hired employees, helping to enhance talent acquisition.
2. How many restricted stock units were granted?
A total of 49,900 restricted stock units were awarded 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 following 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 located in Menlo Park, Los Angeles, New York, and London.
