Energous Corp. (WATT)

[Alvie]

Energous Corporation Grants Inducement Restricted Stock Units to New Employees
BY Market Wire
— 4:05 PM ET 05/31/2017

SAN JOSE, CA -- (Marketwired) -- 05/31/17 -- Energous Corporation, the developer of WattUp®, a revolutionary wire-free charging technology that provides over-the-air power at a distance, today announced it has issued inducement restricted stock units to twenty-one new non-executive employees.

On February 23, 2017, fourteen new non-executive employees were issued restricted stock unit awards covering a total of 307,500 shares of common stock, and on May 18, 2017, seven new non-executive employees were issued restricted stock unit awards covering a total of 136,625 shares of common stock. The restricted stock unit awards typically vest in four equal annual installments beginning either on the first anniversary of the date of hire of each of the new employees or on the second anniversary of the date of hire of each of the new employees and, in some cases, are subject to the achievement of performance conditions.

The awards were approved by the Company's compensation committee and were granted as an inducement material to the new employees entering into employment with the Co