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NETGEAR® Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
NETGEAR, Inc. (Nasdaq: NTGR) has announced inducement grants of restricted stock units (RSUs) to new employees, totaling 27,000 shares of common stock. These grants are made under Nasdaq Listing Rule 5635©(4) to attract new talent, with a vesting schedule tied to continued employment. The company regularly uses this plan for individuals not previously employed by NETGEAR or following a legitimate period of non-employment to incentivize their joining.