Core Points - Mastech Digital, Inc. has awarded non-qualified stock options to its new President and CEO, Nirav Patel, for up to 702,358 shares of common stock, effective January 6, 2025 [1] - The stock options will vest based on the Company's Quarterly Average Market Capitalization, with specific milestones set at 450 million, and $600 million [2] - The options are subject to acceleration and forfeiture based on the termination of Mr. Patel's employment or a 'Change of Control' of the Company [3] Company Overview - Mastech Digital, Inc. is a leading provider of Digital Transformation Services, focusing on delivering technology talent and innovative solutions to drive digital transformation [4] - The company operates globally, with headquarters in Pittsburgh, PA, and delivery centers in North America and India [4]
Mastech Digital Announces New Employee Inducement Grant Under NYSE American Listed Company Guide Rule Sec. 711