The Honest Company Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
03 Novembro 2023 - 8:30PM
The Honest Company (NASDAQ: HNST), a digitally-native consumer
products company dedicated to creating clean- and
sustainably-designed products spanning baby care, beauty, personal
care, wellness and household care, today announced that it made an
inducement grant to Mr. Dave Loretta in connection with his
employment as The Honest Company’s new Chief Financial Officer,
effective September 25, 2023. Such grant was made under The Honest
Company, Inc. 2023 Inducement Plan, which was approved and adopted
on March 14, 2023, by the Company’s Compensation Committee of the
Board of Directors. The Compensation Committee granted Mr. Loretta
an aggregate of 827,357 restricted stock units under the 2023
Inducement Plan.
The grant was approved by the Compensation Committee on November
1, 2023, pursuant to a delegation by the Board of Directors and was
issued as an equity grant pursuant to Nasdaq Listing Rule
5635(c)(4), as an inducement material to Mr. Loretta entering into
employment with The Honest Company. The restricted stock units
granted are subject to a vesting schedule commencing on November 1,
2023, with 25% of the restricted stock units vesting on August 19,
2024 and an additional 6.25% of the restricted stock units vesting
on each quarterly vesting date thereafter, subject to Mr. Loretta’s
continued employment.
About The Honest Company. The Honest Company
(NASDAQ: HNST) is a digitally-native consumer products company
dedicated to creating clean- and sustainably-designed products
spanning baby care, beauty, personal care, wellness and household
care. Honest products are available via Honest.com, third-party
ecommerce customers and approximately 51,000 retail locations
across the United States, Canada and Europe. Based in Los Angeles,
CA, the Company’s mission, to inspire everyone to love living
consciously, is driven by its values of transparency, trust,
sustainability and a deep sense of purpose around what matters most
to its consumers: their health, their families and their homes. For
more information about the Honest Standard and the Company, please
visit www.honest.com.
Investor Contacts:Steve
Austenfeldsaustenfeld@thehonestcompany.com
Elizabeth Bouquardebouquard@thehonestcompany.com
Investor
Inquiries:investors@thehonestcompany.com
Media Contact:Jennifer Kroog
Rosenbergjrosenberg@thehonestcompany.com
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