Skillsoft, a leader in transformative learning experiences, has recently announced the issuance of restricted stock units (RSUs) to two newly hired executives as a part of its 2024 Employment Inducement Incentive Award Plan. This strategic move is aimed at strengthening the company’s leadership team in sales and analytics.
- Grant Details:
- On August 28, 2024, the Compensation Committee of Skillsoft’s Board of Directors approved the RSUs.
- A total of 50,000 RSUs were awarded, covering shares of the Company’s Class A common stock.
- The RSUs were granted as a material inducement to the hiring of new employees.
- Executives Receiving RSUs:
- Thomas Infantino:
- Hired as Senior Vice President, Sales on June 24, 2024.
- Awarded 25,000 RSUs.
- RSUs vest ratably over four years, contingent upon continued employment.
- Tzetoslav Lakov:
- Hired as Chief Analytics Officer on July 29, 2024.
- Awarded 25,000 RSUs.
- RSUs vest ratably over four years, contingent upon continued employment.
- Thomas Infantino:
- Regulatory Compliance:
- Awards were granted under the employment inducement exemption of NYSE’s Listed Company Manual Rule 303A.08.
- Public announcement required under Rule 303A.08 has been made via this press release.
Skillsoft’s recent grant of RSUs to its new senior leadership demonstrates the company’s commitment to attracting and retaining top talent. These awards align with the company’s strategic goals of enhancing its sales and analytics capabilities, positioning Skillsoft for continued growth and innovation.
