BrightView Announces New Employee Inducement Grants Under NYSE Rule 303A.08
02 Outubro 2023 - 7:30AM
Business Wire
BrightView Holdings, Inc. (“BrightView” or the “Company”) (NYSE:
BV), the leading commercial landscaping services company in the
United States, today announced that the Company made two restricted
stock unit (“RSU”) awards to its new President and Chief Executive
Officer, Dale A. Asplund, effective on his start date, October 1,
2023. The awards were made pursuant to the Company’s previously
announced employment letter agreement with Mr. Asplund, and as a
material inducement to his joining the Company as its President and
Chief Executive Officer.
The RSUs were granted under the Company’s 2023 Employment
Inducement Incentive Award Plan (the “Inducement Plan”). First, Mr.
Asplund received an award of 250,000 new hire RSUs. Second, Mr.
Asplund received an award of 667,820 matching RSUs, which equaled
the number of shares Mr. Asplund purchased before October 1, 2023,
based on a personal investment of approximately $5.5 million. Both
RSUs will vest ratably over four years beginning on October 1,
2024, subject to Mr. Asplund’s continued employment with the
Company. In addition, and pursuant to the employment letter
agreement, Mr. Asplund will be granted an inducement award of
performance stock units (“PSUs”) under the Inducement Plan with a
target award of 250,000 PSUs. The PSUs will vest based on continued
service and performance over a three-year performance period
(fiscal years 2024-2026) with the same performance goals as
determined in November 2023 for the PSU awards granted to other
senior executives as part of the fiscal year 2024 long-term
incentive program, with payout ranges from 0% (for below threshold
performance) to 200% (for maximum performance).
Each award was granted as a material inducement to employment in
accordance with the NYSE Listed Company Manual Rule 303A.08.
About BrightView
BrightView (NYSE: BV), the nation’s largest commercial
landscaper, proudly designs, creates, and maintains the best
landscapes on Earth and provides the most efficient and
comprehensive snow and ice removal services. With a dependable
service commitment, BrightView brings brilliant landscapes to life
at premier properties across the United States, including business
parks and corporate offices, homeowners' associations, healthcare
facilities, educational institutions, retail centers, resorts and
theme parks, municipalities, golf courses, and sports venues.
BrightView also serves as the Official Field Consultant to Major
League Baseball. Through industry-leading best practices and
sustainable solutions, BrightView is invested in taking care of our
team members, engaging our clients, inspiring our communities, and
preserving our planet. Visit www.BrightView.com and connect with us
on Twitter, Facebook, and LinkedIn.
Source: BrightView Landscapes
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version on businesswire.com: https://www.businesswire.com/news/home/20230929538098/en/
Investor Relations IR@BrightView.com News Media
David Freireich, Vice President of Communications & Public
Affairs (484) 567-7244 David.Freireich@BrightView.com
BrightView (NYSE:BV)
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