CEVA grants $3.2M inducement award to new CEO Amir Panush

CEVA INC

Inducement award: 14,541 RSUs, up to 28,354 short-term PSUs, 60,587 long-term PSUs, total grant value $3.2M.
RSUs vest over 3 years; short-term PSUs vest based on 2023 license revenue and TSR vs S&P and Russell indices.
Long-term PSUs vest upon achieving any of: non-GAAP EPS CAGR 10%, operating margin 20%, revenue CAGR 10% or $180M, or market cap $1.1B.
2023 executive bonus plans for CEO (70% target), CFO/COO (50%), and CCO (commission-based) with revenue, EPS, royalty, and customer targets.

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