F5 Networks Reports Inducement Grants under NASDAQ Listing Rule 5635(c)(4)
February 02 2021 - 4:05PM
Business Wire
F5 Networks (NASDAQ: FFIV) announced today that on February 1,
2021, the company issued a total of 122,056 restricted stock units
(“RSUs”) to 71 employees who joined F5 as a result of the
acquisition of Volterra Inc., completed on January 22, 2021. The
RSUs were granted as inducements to employment in accordance with
NASDAQ Listing Rule 5635(c)(4). The RSUs vest over 4 years with a
final vest date on February 1, 2025 and the rate of vesting within
the 4 years varying among employees, subject to the employee’s
continued service relationship with the company. The grants will be
subject to the terms and conditions of the F5 Networks, Inc.
Volterra Acquisition Equity Incentive Plan.
About F5
F5 (NASDAQ: FFIV) is a multi-cloud application security and
delivery company that enables our customers—which include the
world’s largest enterprises, financial institutions, service
providers, and governments—to bring extraordinary digital
experiences to life. For more information, go to f5.com. You can
also follow @F5 on Twitter or visit us on LinkedIn and Facebook for
more information about F5, its partners, and technologies.
F5 and Volterra are trademarks, service marks, or tradenames of
F5 Networks, Inc., in the U.S. and other countries. All other
product and company names herein may be trademarks of their
respective owners.
Source: F5 Networks
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version on businesswire.com: https://www.businesswire.com/news/home/20210202005277/en/
Rob Gruening Director, Corporate Communications (206) 272-6208
r.gruening@f5.com
Suzanne DuLong VP, Investor Relations (206) 272-7049
s.dulong@f5.com
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