Applied Optoelectronics Announces Equity Grants To Employees Under Inducement Plan

Core Viewpoint - Applied Optoelectronics, Inc. has granted inducement awards for 16,145 shares of common stock to three new employees as part of its 2023 Equity Inducement Plan, aimed at attracting talent to the company [1][2]. Group 1: Inducement Awards - The inducement awards consist of restricted stock units that will vest over a four-year period, contingent upon the employees' continued service [2]. - The awards are granted under the Nasdaq Listing Rule 5635(c)(4), specifically for individuals who were not previously employed by the company or who have had a bona fide period of non-employment [1]. Group 2: Company Overview - Applied Optoelectronics Inc. is a prominent developer and manufacturer of advanced optical products, serving the broadband fiber access networks globally [3]. - The company's products are utilized in various markets, including internet datacenter, CATV broadband, telecom, and fiber-to-the-home (FTTH) [3]. - The company operates facilities in Sugar Land, Texas, as well as in Taipei, Taiwan, and Ningbo, China [3].