Synchronoss Technologies, Inc. reports incentive grants to
BRIDGEWATER, NJ, November 24, 2021 (GLOBE NEWSWIRE) – Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a global leader and innovator in cloud, messaging and platform products and platforms. Digital, today announced that the Company has issued restricted stock and stock option grants to two newly hired employees. Each of these awards was an incentive award that was approved by the Compensation Committee of the Synchronoss Board of Directors, and granted as an incentive share award under the incentive plan. 2017 hiring of the company in accordance with Nasdaq listing rule 5635 (c) (4). ).
Synchronoss granted the two newly hired employees a total of 938 fixed-term restricted share grants. The restricted stock shares will vest at 25% on the first, second, third and fourth anniversary of the grant date, subject to continued service thereafter. In addition, employees received a total of 312 fixed-term stock option grants. The stock options will vest at 25% on the first, second, third and fourth anniversaries of the grant date, subject to continued service thereafter.
Synchronoss Technologies (NASDAQ: SNCR) creates software that enables businesses around the world to connect with their subscribers in a reliable and meaningful way. The company’s product collection helps streamline networks, simplify integration, and inspire subscribers to generate new revenue streams, reduce costs and accelerate time to market. Hundreds of millions of subscribers trust Synchronoss products to stay connected with the people, services, and content they love. That’s why over 1,500 talented Synchronoss employees around the world strive every day to reinvent a synchronized world. Learn more about www.synchronoss.com
Todd Kehrli / Joo-Hun Kim
MKR Investor Relations, Inc.