LivePerson Announces Equity-Based Incentive Grants in Accordance with NASDAQ Rules

NEW YORK, May 10, 2024 — In an official release, LivePerson, Inc. (LPSN), a leader in conversational commerce solutions, has announced that it has issued equity-based incentive awards. This action is in line with the requirements stipulated by the NASDAQ Listing Rule 5635(c)(4), ensuring that LivePerson maintains its compliance with the regulations governing inducement grants. This comes as a confirmatory notice pertaining to the recent inducement grants made under the LivePerson Inc. 2018 Incentive Award Plan.

Compliance with NASDAQ Regulations

As a publicly-traded company, LivePerson (LPSN) is obliged to comply with specific listing standards. The inducement grants are part of the company’s strategy to incentivize performance and secure top talent within the organization. The NASDAQ Listing Rule 5635(c)(4) necessitates that any inducement equity grants to new employees as part of their employment compensation package are to be made public via a press release.

Details of the Inducement Grants

The exact terms and number of shares awarded have not been disclosed; however, inducement grants like these are typically employed to attract skilled professionals by offering a stake in the company's potential success. These grants align the interests of new employees with those of shareholders, as the value of the incentives is tied directly to the company's stock performance. LivePerson's headquarters in New York City stands at the forefront of developing advanced technologies in the realm of e-commerce, utilizing conversational AI to enhance customer-business interactions.

compliance, equity, incentive