The Honest Company Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Rhea-AI Summary
The Honest Company (NASDAQ: HNST) has announced an inducement grant to Etienne von Kunssberg, who joined as SVP, Supply Chain on February 24, 2025. The grant, made under the company's 2023 Inducement Plan, consists of 115,122 restricted stock units.
The grant was approved by the Compensation Committee on March 16, 2025, following Nasdaq Listing Rule 5635(c)(4). The restricted stock units will vest according to a schedule starting March 16, 2025, with 25% vesting on March 4, 2026, followed by 6.25% vesting quarterly thereafter, contingent on von Kunssberg's continued employment.
Positive
- Strategic hire of new SVP, Supply Chain indicates focus on operational efficiency
Negative
- Potential dilution from 115,122 new restricted stock units
News Market Reaction
On the day this news was published, HNST gained 0.80%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LOS ANGELES, March 18, 2025 (GLOBE NEWSWIRE) -- The Honest Company (NASDAQ: HNST), a personal care company dedicated to creating cleanly-formulated and sustainably-designed products, today announced that it made an inducement grant to Mr. Etienne von Kunssberg in connection with his employment as The Honest Company’s new SVP, Supply Chain, effective February 24, 2025. Such grant was made under The Honest Company, Inc. 2023 Inducement Plan, which was approved and adopted on March 14, 2023, by the Company’s Compensation Committee of the Board of Directors. The Compensation Committee granted Mr. von Kunssberg an aggregate of 115,122 restricted stock units under the 2023 Inducement Plan.
The grant was approved by the Compensation Committee on March 16, 2025, pursuant to a delegation by the Board of Directors and was issued as an equity grant pursuant to Nasdaq Listing Rule 5635(c)(4), as an inducement material to Mr. von Kunssberg entering into employment with The Honest Company. The restricted stock units granted are subject to a vesting schedule commencing on March 16, 2025, with
About The Honest Company
The Honest Company (NASDAQ: HNST) is a personal care company dedicated to creating cleanly-formulated and sustainably-designed products spanning categories across diapers, wipes, baby personal care, beauty, apparel, household care and wellness. Launched in 2012, the Company is on a mission to challenge ingredients, ideal, and industries through the power of the Honest brand, the Honest team, and the Honest Standard. For more information about the Honest Standard and the Company, please visit www.honest.com.
Media Contact:
Brenna Israel Mast
bisrael@thehonestcompany.com
Investor Inquiries:
investors@thehonestcompany.com
FAQ
How many restricted stock units did The Honest Company (HNST) grant to its new SVP of Supply Chain?
What is the vesting schedule for HNST's inducement grant to the new Supply Chain SVP?
When did Etienne von Kunssberg join The Honest Company (HNST) as SVP of Supply Chain?
Under which plan was the HNST inducement grant issued in March 2025?
