Pandora Grants Inducement Awards Pursuant to New York Stock Exchange Rule 303A.08
OAKLAND, Calif. (PRWEB) May 29, 2018 -- Pandora, the largest music streaming service in the U.S., today announced that it granted restricted stock unit awards (“RSU Awards”) representing the right to acquire, in the aggregate, up to 2,377,422 shares of Pandora common stock to up to 21 employees of AdsWizz in connection with the acquisition of AdsWizz and effective as of the closing date of the acquisition.
Under the RSU Awards, one third of the restricted stock units will vest on the first anniversary of the closing date, with one twelfth of the restricted stock units vesting each quarter thereafter, subject to the award recipient’s continued employment with AdsWizz Inc. or one of its affiliates through the applicable vesting date. The RSU Awards were approved by the Compensation Committee of the Board of Directors of Pandora and were granted as employment inducement awards pursuant to NYSE rules.
ABOUT PANDORA
Pandora is the world’s most powerful music discovery platform – a place where artists find their fans and listeners find music they love. We are driven by a single purpose: unleashing the infinite power of music by connecting artists and fans, whether through earbuds, car speakers, live on stage or anywhere fans want to experience it. Our team of highly trained musicologists analyze hundreds of attributes for each recording which powers our proprietary Music Genome Project®, delivering billions of hours of personalized music tailored to the tastes of each music listener, full of discovery, making artist/fan connections at unprecedented scale. Founded by musicians, Pandora empowers artists with valuable data and tools to help grow their careers and connect with their fans.
Jette Speights, Pandora, +1 (415) 385-8829, [email protected]
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