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Grant of Incentive Subscription Rights in IDEX Biometrics 14 July 2024
IDEXIDEX(US:IEX) GlobeNewswire News Roomยท2024-07-14 21:49

Core Points - IDEX Biometrics ASA's board has approved the issuance of 13,207,430 incentive subscription rights to 56 employees and contractors under the 2024 incentive subscription rights plan [1] - The exercise price for the subscription rights is set at NOK 1.45 per share, with vesting occurring at 1/3 per year over three years, and an expiration date of May 16, 2029 [1] - The company aims to retain and incentivize its employees following a recent restructuring [1] Insider Transactions - CEO Vince Graziani received 1,500,000 subscription rights at NOK 1.45 per share [2] - CTO Anthony Eaton was granted 3,000,000 subscription rights at NOK 1.45 per share [2] - CCO Catharina Eklof also received 3,000,000 subscription rights at NOK 1.45 per share [2] Outstanding Subscription Rights - After the recent grants, there are a total of 27,145,055 incentive subscription rights outstanding in IDEX Biometrics [4] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [2] - The company's biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication [2]