Cerence appoints Brian Krzanich as CEO, grants him $6M equity.
Cerence Inc. has awarded its new CEO, Brian Krzanich, an equity grant valued at $6 million. This includes 1,038,062 time-based restricted stock units, vesting in three equal installments over three years, and a target of 1,038,062 performance-based units tied to company performance metrics by September 2027. The grant serves as an inducement for Krzanich's employment, adhering to Nasdaq Listing Rule 5635(c)(4). Cerence specializes in AI solutions for the mobility sector.
October 11, 2024
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