Windstream announces inducement grants under NASDAQ listing rule 5635(c)(4)
Each of the equity awards was granted as a material inducement to each recipient’s acceptance of employment with Windstream and generally address forfeited compensation and compensation opportunities with a former employer. Subject to each recipient’s continued service through each applicable vesting date, one-third of each reward will vest on
Each of the equity awards were approved by the Compensation Committee of the Board of Directors of Windstream in accordance with Nasdaq Listing Rule 5635(c)(4). The shares were granted outside of the company’s 2006 Equity Incentive Plan.
Windstream Holdings, Inc. (NASDAQ:WIN), a FORTUNE 500 company, is a leading provider of advanced network communications and technology solutions for consumers, businesses, enterprise organizations and wholesale customers across the U.S. Windstream offers bundled services, including broadband, security solutions, voice and digital TV to consumers. The company also provides data, cloud solutions, unified communications and managed services to small business and enterprise clients. The company supplies core transport solutions on a local and long-haul fiber network spanning approximately 150,000 miles. Additional information is available at windstream.com. Please visit our newsroom at news.windstream.com or follow us on Twitter at @Windstream.
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