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Limelight Grants Equity Awards to Moov Employees
By: Edgio | November 6, 2021
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Limelight Networks Grants Equity Awards to Moov Employees Under Its Inducement Equity Plan
As part of the acquisition of Moov Corporation (doing business as Layer0) in the fall of 2021, we granted an aggregate of 10,691,757 restricted stock units ("RSUs") to 56 new employees who joined Limelight as a result of the acquisition. Limelight established this retention pool of $30 million worth of RSUs to be granted to the Layer0 team, with one-third of those RSUs subject to service-based vesting over either three or four years and the remainder subject to vesting based on the achievement of specific financial and operational performance metrics by June 30, 2025.
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