Management ChangeJun 26, 2026, 04:31 PM
Phunware Grants Inducement Awards to New CEO Dmitry Kroshka
AI Summary
Phunware, Inc. announced an inducement grant to Dmitry Kroshka in connection with his employment as the new Chief Executive Officer, effective May 13, 2026. The grant, made under the Phunware, Inc. 2026 Inducement Plan, includes 105,820 time vested restricted stock units, 317,460 performance vested restricted stock units, and a stock option for 105,820 shares at an exercise price of $5.00. The awards are subject to various vesting schedules and performance conditions.
Key Highlights
- Inducement grant made to Dmitry Kroshka, new CEO effective May 13, 2026.
- Grant includes 105,820 Time Vested Restricted Stock Units (RSUs).
- Also includes 317,460 Performance Vested RSUs.
- Stock option for 105,820 shares with an exercise price of $5.00.
- Time Vested RSUs vest over three years; Stock Options vest over four years.
- Performance RSUs vest based on $5.00 VWAP and $4.5M trailing 12-month revenue.
- Awards granted under the Phunware, Inc. 2026 Inducement Plan.
Price Impact
More from PHUN