Broadcom Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
PALO ALTO, Calif., Dec. 15, 2023 /PRNewswire/ — Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced that the Compensation Committee of Broadcom’s Board of Directors approved granting on December 15, 2023 restricted stock unit awards covering 4,394,353 shares of its common stock to 13,831 new employees and performance stock unit awards covering 91,930 shares of its common stock at target to 25 new employees (of which up to two times the number of target shares can be earned upon the achievement of specified performance goals) under Broadcom’s 2023 Inducement Plan. Each award was granted as an inducement material to the employee’s commencement of employment in connection with Broadcom’s acquisition of VMware, Inc. and pursuant to Nasdaq Listing Rule 5635(c)(4).
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