NEW
YORK, March 25, 2024 /PRNewswire/ -- LivePerson,
Inc. (Nasdaq: LPSN) is providing confirmatory notice, pursuant to
the requirements of Nasdaq Listing Rule 5635(c)(4), of recent
inducement equity-based incentive grants that LivePerson made to
John Sabino, LivePerson's new Chief Executive Officer, in
connection with his hiring effective January 10, 2024.
Pursuant to the terms of his employment agreement, on
March 15, 2024, LivePerson granted to
Mr. Sabino equity awards consisting of 3,354,839 RSUs, and an
option to purchase 1,000,000 shares of LivePerson's common stock.
774,194 of the RSUs will vest annually in equal tranches over two
years, and 2,580,645 of the RSUs will vest as to 25% on the first
anniversary of the date of grant and the remaining will vest in
quarterly installments over the three years following such date.
The stock option will become exercisable when certain performance
and time-based metrics are met. Each of the equity awards is
subject to Mr. Sabino's continued employment on the scheduled
vesting dates, and all of the equity awards were granted as an
inducement material to Mr. Sabino entering into employment with
LivePerson.
About LivePerson
LivePerson (NASDAQ: LPSN) is the enterprise leader in digital
customer conversations. The world's leading brands — including
HSBC, Chipotle, and Virgin Media — use our award-winning
Conversational Cloud platform to connect with millions of
consumers. We power nearly a billion conversational interactions
every month, providing a uniquely rich data set and AI-powered
solutions to accelerate contact center transformation, supercharge
agent productivity, and deliver more personalized customer
experiences. Fast Company named us the #1 Most Innovative AI
Company in the world. To talk with us or our AI, please visit
liveperson.com.
CONTACT:
Mike Tague
mtague@liveperson.com
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SOURCE LivePerson, Inc.