Purple Innovation (PRPL) has shared an update.
Todd Vogensen and Tricia McDermott have been appointed as the Chief Financial Officer and Chief Legal Officer, respectively, of a company, and they’ve been welcomed with substantial inducement grants of equity in the form of performance stock units (PSUs) and restricted stock units (RSUs). Vogensen received 240,741 PSUs and 129,630 RSUs, while McDermott was granted 200,617 PSUs and 108,024 RSUs. Both these grants come with specific vesting schedules and performance conditions, and a recent press release on March 14, 2024, publicly announced these strategic appointments and their compensation details.
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