IZEA Reports Inducement Grant Under NASDAQ Listing Rule 5635(C)(4)
27 July 2024 - 4:00AM
IZEA Worldwide, Inc. (NASDAQ: IZEA), a premier provider of
influencer marketing technology, data and services for the world’s
leading brands, today announced that it granted a total of 169,357
time-based restricted stock units (“RSUs”) under the IZEA
Worldwide, Inc. 2023 Inducement Plan (the “Inducement Plan”) in
connection with its acquisition of The Reiman Agency, which closed
on July 24, 2024.
The time-based RSU grant was issued to Alden Reiman, Managing
Director of The Reiman Agency, by IZEA. The grant will vest
one-third after 12 months and two-thirds in quarterly increments
thereafter over the three-year period, subject to Mr. Reiman’s
continued service. The RSU award is subject to the terms and
conditions of the Inducement Plan and the terms and conditions of
the applicable RSU award agreement covering the grant.
The company’s Compensation Committee and Board
of Directors approved the grant on July 22, 2024, to be issued in
conjunction with the acquisition of The Reiman Agency. Under NASDAQ
Listing Rule 5635(c)(4), the grant was made as an inducement
material to Mr. Reiman’s entering into an employment relationship
with IZEA.
About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”) is a marketing technology company
providing software and professional services that enable brands to
collaborate and transact with the full spectrum of today’s top
social influencers and content creators. The company serves as a
champion for the growing Creator Economy, enabling individuals to
monetize their content, creativity, and influence. IZEA launched
the industry’s first-ever influencer marketing platform in 2006 and
has since facilitated nearly 4 million transactions between online
buyers and sellers. Leading brands and agencies partner with IZEA
to increase digital engagement, diversify brand voice, scale
content production, and drive a measurable return on
investment.
Nicole O’Hara
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: ir@izea.com
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