other
confidence high
sentiment neutral
materiality 0.50
Purple Innovation grants inducement equity to CFO and CLO
Purple Innovation, Inc.
- CFO Todd Vogensen received 241,741 PSUs and 129,630 RSUs under NASDAQ inducement exception.
- CLO Tricia McDermott received 200,617 PSUs and 108,024 RSUs.
- PSUs cliff-vest after 3 years contingent on stock price targets; RSUs vest 1/3 annually.
- Grants were offered in Oct 2023 but delayed until post-2024 earnings open trading window.