iRobot Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)
BEDFORD, Mass., Dec. 9, 2024 — iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, has announced the grant of an equity award as a material inducement for the employment of Jules Connelly, the company’s newly-hired Senior Vice President and Chief Human Resources Officer.
Notice of Issuance of Inducement Grant
In relation to Ms. Connelly’s appointment, effective December 2, 2024, iRobot has granted her an employment inducement award consisting of 120,000 time-based restricted stock units (RSUs). The effective grant date for these RSUs is December 6, 2024. The units will vest over a three-year period, contingent upon Ms. Connelly’s continuous employment on each respective vesting date.
The inducement award was specifically granted as a material inducement for her employment and received approval from iRobot’s Board of Directors on November 4, 2024. This action was taken in compliance with Rule 5635(c)(4) of The NASDAQ Stock Market LLC. Notably, this award was granted outside of iRobot’s equity incentive plan.
About iRobot Corp.
iRobot is a globally recognized consumer robot company dedicated to designing and constructing innovative robots and intelligent home devices that enhance daily life. The company made history with the introduction of the first Roomba robot vacuum in 2002 and has since expanded its reach, with sales exceeding 50 million robots worldwide.
The iRobot product lineup showcases advanced technologies in cleaning, mapping, and navigation, positioning the company at the forefront of the consumer robotics industry. iRobot engineers are committed to developing robots and smart home devices that assist consumers in making their homes easier to maintain and healthier to live in.
