Ziff Davis Inc.
05/16/2024 | Press release | Distributed by Public on 05/16/2024 04:01
Management Change/Compensation - Form 8-K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
New Form of Restricted Stock Unit Agreement and Performance Restricted Stock Unit Agreement
On May 14, 2024, the Compensation Committee of the Board of Directors of Ziff Davis, Inc. (the "Company") approved a new form of restricted stock unit ("RSU") agreement for awards to employees and members of the Board of Directors, and a new form of performance-based restricted stock unit ("PSU") agreement to be used in connection with grants under the Ziff Davis, Inc. 2024 Equity Incentive Plan. The RSU awards vest subject to the participant's continued service with the Company or one of its subsidiaries through the applicable vesting date(s). The PSU awards are designed to vest if the Company achieves certain levels of relative total shareholder return ("TSR") over a three-year performance period.
The foregoing description of these forms of agreements does not purport to be complete and is qualified in its entirety by reference to the forms of agreements, which are filed herewith to this Current Report on Form 8-K and incorporated herein by reference.