BEDFORD,
Mass., Dec. 9, 2024 /PRNewswire/ -- iRobot Corp.
(NASDAQ: IRBT), a leader in consumer robots, today announced that
it granted an equity award as a material inducement to the
employment of the company's newly-hired Senior Vice President and
Chief Human Resources Officer, Jules
Connelly.
Notice of Issuance of Inducement Grant
In connection
with the appointment of Ms. Connelly as Senior Vice President and
Chief Human Resources Officer effective December 2, 2024, iRobot granted Ms. Connelly an
employment inducement award consisting of 120,000 time-based
restricted stock units ("RSUs") with an effective grant date of
December 6, 2024. The RSUs will vest
over a three-year period, subject to Ms. Connelly's continuous
employment on each vesting date.
The inducement award to Ms. Connelly was granted as a material
inducement to her employment and was approved by iRobot's Board of
Directors on November 4, 2024, in
accordance with Rule 5635(c)(4) of The NASDAQ Stock Market LLC. The
award was granted outside iRobot's equity incentive plan.
About iRobot Corp.
iRobot is a global consumer robot company that designs and builds
thoughtful robots and intelligent home innovations that make life
better. iRobot introduced the first Roomba robot vacuum in 2002.
Today, iRobot is a global enterprise that has sold more than 50
million robots worldwide. iRobot's product portfolio features
technologies and advanced concepts in cleaning, mapping and
navigation. Working from this portfolio, iRobot engineers are
building robots and smart home devices to help consumers make their
homes easier to maintain and healthier places to live. For more
information about iRobot, please visit www.irobot.com.
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SOURCE iRobot Corporation