Skillsoft announced on June 6, 2025, that its Talent and Compensation Committee granted 50,000 restricted stock units (RSUs) of the Company’s Class A common stock to Raianne Reiss. This grant was a material inducement for Ms. Reiss’ hiring as Chief Marketing Officer on April 28, 2025.
Fifty percent of these RSUs will vest ratably over four years, subject to Ms. Reiss’ continued employment. The remaining fifty percent will vest at the end of a three-year period, based on the achievement of specified annual revenue growth targets determined by the Board of Directors.
This inducement award aligns the new Chief Marketing Officer's compensation with the company's strategic growth objectives. It is a standard practice to attract and retain high-caliber executives for critical leadership positions.
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