Cerence Inc. announced an equity award to Antonio (“Tony”) Rodriquez in connection with his appointment as Executive Vice President, Chief Financial Officer, effective November 29, 2024. The award includes 313,283 time-based restricted stock units and 313,283 performance-based restricted stock units.
The time-based restricted stock units will vest in three equal installments on October 1, 2025, 2026, and 2027, subject to Mr. Rodriquez’s continued service. The performance-based restricted stock units will be earned based on the achievement of company performance metrics for fiscal years 2025, 2026, and 2027.
These awards were granted as an inducement material to Mr. Rodriquez entering into employment with the company, aligning his long-term compensation with Cerence AI's financial performance and strategic goals.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.