Sezzle Inc. grants equity awards to top executives By Investing.comSezzle Inc. grants equity awards to top executives
Published 02/06/2025, 05:47 PMChief Financial Officer Karen Hartje and President Paul Paradis, who also sits on the company's board, were each granted 10,000 RSUs. Justin Krause, SVP Finance and Controller, received 4,500 RSUs, while Chief Operating Officer Amin Sabzivand was awarded 25,000 RSUs. The vesting schedule for these RSUs is set to begin on April 1, 2025, with 25% vesting initially and an additional 6.25% vesting each subsequent quarter. These grants come as Sezzle's stock trades at $245.19, with analysts setting price targets between $360 and $372.
In addition to RSUs, Charles Youakim, Sezzle's Executive Chairman and CEO, was granted an option to acquire 10,803 shares of common stock at an exercise price of $68.26 per share. This stock option is set to vest 25% on April 1, 2025, followed by quarterly vesting of 6.25%, and will expire on April 1, 2034.
The granted awards are structured to fully vest under certain conditions, such as a change of control of the company, termination of the recipient's employment without cause, or resignation for "good reason" in connection with or following a change of control.
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