Luminar Technologies Announces Equity Award Inducements for New CEO Paul Ricci Under Nasdaq Rule

Reuters
07-30
Luminar Technologies Announces Equity Award Inducements for New CEO Paul Ricci Under Nasdaq Rule

Luminar Technologies Inc. has announced new compensation terms for its recently appointed Chief Executive Officer, Paul Ricci. The company will grant a total of 2,109,546 equity awards, consisting of 1,289,167 restricted stock units (RSUs) and up to 820,379 performance stock units (PSUs), as an inducement for his acceptance of the role. The RSUs will vest semi-annually over three years, with certain units fully vested on the grant date, subject to terms including potential clawback. The PSUs are tied to company market capitalization milestones. The compensation package is part of an employment agreement dated May 26, 2025, and is in accordance with Nasdaq Listing Rule 5635(c)(4).

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Luminar Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250729685718) on July 29, 2025, and is solely responsible for the information contained therein.

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