TIBCO Software Inc. (NASDAQ: TIBX) said that an equity award was granted on October 23, 2013 to Lori Wright, its newly appointed chief marketing officer, under its inducement award plan and in connection with the commencement of her employment.
The Plan was originally adopted by the board of directors of TIBCO on April 9, 2013 in accordance with NASDAQ Marketplace Rule 5635(c) (4).
The award consists of 75,300 shares of restricted stock. The restricted stock vests over four years, with 50 percent of the restricted stock vesting on January 15, 2016, 25 percent of the restricted stock vesting on the one year anniversary thereof, and the remainder of the restricted stock vesting on the two year anniversary thereof.
TIBCO Software is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. More than 4,000 customers worldwide rely on TIBCO to manage information, decisions, processes and applications in real time. Learn more at www.tibco.com.