Blink Charging elects Mahi Reddy to board, grants $12.5M in performance shares to executives

Blink Charging Co.

Mahi Reddy, CEO of SemaConnect subsidiary, elected to board; not independent due to role.
Reddy's employment: $375k base, bonus up to 50%, equity up to 50%, one-year term with severance.
590,458 performance-based restricted shares ($12.5M) awarded to Farkas, Jones, Rama, Hillo, Bhade.
Vesting tied to six hurdles including stock price of $23.78 avg for 10 consecutive trading days.
Board engaged Korn Ferry to design awards aligned with shareholder interests.

item 5.02 item 9.01

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Appointed

Mahidhar (Mahi) Reddy

Director

BLNK · Blink Charging Co.

Effective: 2022-07-29
Filed: August 2, 2022, 7:59 PM ET

On July 29, 2022, Mahidhar (Mahi) Reddy was elected to our Board of Directors.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Mahidhar (Mahi) Reddy was elected as Director at Blink Charging Co..

Action: elected
Role: Director

Exact text from the filing

On July 29, 2022, Mahidhar (Mahi) Reddy was elected to our Board of Directors.

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Source: SEC EDGAR

accession 0001493152-22-021037

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