#USA #Bedford #iRobot #Jules Connelly #RSU Grant

iRobot Grants Inducement Equity Award

In a strategic move to strengthen its leadership team, iRobot Corp. (NASDAQ: IRBT), a prominent name in the consumer robotics sector, announced a significant inducement grant. This decision comes in light of the recent appointment of Jules Connelly as the company’s new Senior Vice President and Chief Human Resources Officer, effective December 2, 2024.

The Details of the Grant

iRobot has issued an employment inducement award comprising 120,000 time-based restricted stock units (RSUs) to Connelly. The grant date for these RSUs is set for December 6, 2024, with the shares scheduled to vest over a period of three years, contingent on her continued employment at the company. This initiative aims to not only attract talented executives but also retain them, ensuring stability and continuity within the organization.

The Board of Directors at iRobot approved this decision on November 4, 2024, adhering to the stipulations outlined in NASDAQ Listing Rule 5635(c)(4). Significantly, the award was granted outside of the company's equity incentive plan, highlighting the unique nature of this arrangement.

The Role of Connelly

Jules Connelly steps into her new role as a pivotal member of iRobot’s leadership team, tasked with guiding initiatives in human resources that align with the company’s strategic objectives. Her experience is expected to play a crucial role in fostering an innovative workplace culture that enhances employee engagement and strengthens the overall workforce.

As a crucial figure in the executive suite, Connelly will focus on developing talent strategies that support iRobot's mission of creating advanced consumer robots and smart home innovations. Her leadership is anticipated to bolster the company’s commitment to technological advancement and customer satisfaction.

About iRobot Corp.

iRobot has been at the forefront of consumer robotics since introducing the first Roomba vacuum in 2002. Today, the company boasts global sales of over 50 million robots, reinforcing its status as a leader in the industry.

The firm specializes in designing and constructing thoughtful robots equipped with cutting-edge technologies for cleaning, mapping, and navigation. With a strong focus on research and development, iRobot engineers are continuously working on innovative solutions that simplify home maintenance and promote healthier living environments for consumers worldwide.

For those seeking additional information about iRobot Corp. and its product offerings, please visit www.irobot.com.

Conclusion

The inducement grant to Jules Connelly not only serves as an attractive offer but also represents iRobot’s commitment to building a robust leadership team. By investing in its executives, iRobot is poised to enhance its competitive edge in the rapidly evolving consumer robotics landscape, further solidifying its position as a market leader.