NETGEAR, Inc., a leader in networking solutions, has announced new inducement equity awards under Nasdaq Listing Rule 5635(c)(4). The grants are aimed at new employees, particularly those joining the NETGEAR for Business segment following the acquisition of VAAG Systems. The awards include time-based restricted stock units (RSUs) covering 75,470 shares of common stock for new NFB employees and 62,500 shares for Jonathan Oakes, the new SVP of the Home Networking segment. Additionally, Oakes receives performance-based RSUs with a target of 62,500 shares, contingent on NETGEAR's total shareholder return compared to the Nasdaq Telecommunications Index over a specified period. These awards are structured to vest over several years, subject to continued service with the company.
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