{"id":827277,"date":"2025-03-18T17:03:01","date_gmt":"2025-03-18T21:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule\/"},"modified":"2025-03-18T17:03:01","modified_gmt":"2025-03-18T21:03:01","slug":"smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule\/","title":{"rendered":"SmartRent Reports Inducement Grants Under New York Stock Exchange Listed Company Manual Rule"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>SmartRent Reports Inducement Grants Under New York Stock Exchange Listed Company Manual Rule<\/b><\/p>\n<p>PHOENIX&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSmartRent Inc. (NYSE: SMRT) (\u201cSmartRent\u201d or the \u201cCompany\u201d), a leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced that it granted inducement awards under its 2025 Inducement Equity Incentive Plan (the \u201cPlan\u201d) to Michael Shane Paladin, SmartRent\u2019s President and Chief Executive Officer, as inducement awards in connection with the commencement of his employment. The Plan was adopted by SmartRent\u2019s Board of Directors and Compensation Committee in January 2025.\n<\/p>\n<p>\nAs provided for in Mr. Paladin\u2019s employment letter with SmartRent and previously described in the Current Report on Form 8-K filed by SmartRent with the Securities and Exchange Commission on January 27, 2025, Mr. Paladin\u2019s grant consisted of time-based restricted stock units (\u201cRSUs\u201d) covering 1,790,055 shares of SmartRent\u2019s Class A common stock and performance stock units (\u201cPSUs\u201d) covering a target of 2,320,441 shares of SmartRent\u2019s Class A common stock. The RSUs will vest at a rate of one-third of the RSUs annually on each anniversary of the date Mr. Paladin commenced employment with the Company (the \u201cStart Date\u201d), subject in each case to Mr. Paladin\u2019s continued employment through the applicable vesting date. While the target number of PSUs granted is 2,320,441, the actual number of shares of Class A common stock earned pursuant to the PSUs, if any, will be determined based on the achievement of performance goals relating to Company stock price during a five-year performance period from the Start Date, and vest based on Mr. Paladin\u2019s continued employment, with 50% of any shares achieved vesting on the four-year anniversary of the Start Date, and 100% of any shares achieved but not yet paid vesting on the five-year anniversary of the Start Date. The maximum number of shares that may vest under the PSUs is 200% of the target number of shares subject to such award.\n<\/p>\n<p>\nEach inducement award is subject to the terms of the SmartRent, Inc. 2025 Inducement Equity Incentive Plan and related forms of agreements thereunder and were granted as a material inducement to Mr. Paladin entering into employment with SmartRent in accordance with the New York Stock Exchange Listed Company Manual Rule 303A.08.\n<\/p>\n<p><b>About SmartRent<\/b><\/p>\n<p>\nFounded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent\u2019s end-to-end enterprise ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption, enhancing the resident experience and more. The Company\u2019s differentiators &#8211; purpose-built software and hardware, and end-to-end implementation and support &#8211; create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit smartrent.com.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250318544031r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250318544031\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250318544031\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact<br \/>\n<\/b><br \/>Amanda Chavez &#8211; Vice President, Marketing and Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:media@smartrent.com\">media@smartrent.com<\/a><\/p>\n<p><b>Investor Contact<br \/>\n<\/b><br \/>Kelly Reisdorf &#8211; Head of Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investors@smartrent.com\">investors@smartrent.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Arizona<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> IOT (Internet of Things) Technology Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Software Construction &amp; Property Hardware<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250318544031\/en\/2409750\/3\/SmartRent_Logo_color_%282%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>SmartRent Reports Inducement Grants Under New York Stock Exchange Listed Company Manual Rule PHOENIX&#8211;(BUSINESS WIRE)&#8211; SmartRent Inc. (NYSE: SMRT) (\u201cSmartRent\u201d or the \u201cCompany\u201d), a leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced that it granted inducement awards under its 2025 Inducement Equity Incentive Plan (the \u201cPlan\u201d) to Michael Shane Paladin, SmartRent\u2019s President and Chief Executive Officer, as inducement awards in connection with the commencement of his employment. The Plan was adopted by SmartRent\u2019s Board of Directors and Compensation Committee in January 2025. As provided for in Mr. Paladin\u2019s employment letter with SmartRent and previously described in the Current Report on Form 8-K filed by SmartRent with the Securities and Exchange Commission &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SmartRent Reports Inducement Grants Under New York Stock Exchange Listed Company Manual Rule&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-827277","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SmartRent Reports Inducement Grants Under New York Stock Exchange Listed Company Manual Rule - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SmartRent Reports Inducement Grants Under New York Stock Exchange Listed Company Manual Rule - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SmartRent Reports Inducement Grants Under New York Stock Exchange Listed Company Manual Rule PHOENIX&#8211;(BUSINESS WIRE)&#8211; SmartRent Inc. (NYSE: SMRT) (\u201cSmartRent\u201d or the \u201cCompany\u201d), a leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced that it granted inducement awards under its 2025 Inducement Equity Incentive Plan (the \u201cPlan\u201d) to Michael Shane Paladin, SmartRent\u2019s President and Chief Executive Officer, as inducement awards in connection with the commencement of his employment. The Plan was adopted by SmartRent\u2019s Board of Directors and Compensation Committee in January 2025. As provided for in Mr. Paladin\u2019s employment letter with SmartRent and previously described in the Current Report on Form 8-K filed by SmartRent with the Securities and Exchange Commission &hellip; Continue reading &quot;SmartRent Reports Inducement Grants Under New York Stock Exchange Listed Company Manual Rule&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-18T21:03:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250318544031r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SmartRent Reports Inducement Grants Under New York Stock Exchange Listed Company Manual Rule\",\"datePublished\":\"2025-03-18T21:03:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule\\\/\"},\"wordCount\":541,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250318544031r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/smartrent-reports-inducement-grants-under-new-york-stock-exchange-listed-company-manual-rule\\\/\",\"name\":\"SmartRent Reports Inducement Grants Under New York Stock Exchange Listed Company Manual Rule - 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