QuickLogic Corporation Grants Restricted Stock Units to New CFO Sullivan
What happened
QuickLogic Corporation announced that its Compensation Committee granted 51,502 restricted stock unit awards to James Sullivan on October 6, 2026. The award was given as an inducement for Sullivan to join the company as Senior Vice President of Finance and Chief Financial Officer. The RSUs will vest over a three-year period, with the first one-third vesting on October 5, 2027, and subsequent portions vesting every six months thereafter, provided Sullivan remains employed.
From prnewswire.com
Why it matters
The grant of restricted stock units to a new executive at QuickLogic Corporation relates to executive compensation and the company's capital structure. QuickLogic Corporation is a fabless semiconductor company specializing in programmable logic solutions for aerospace, defense, and industrial markets.
From prnewswire.com
Who's involved
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The entities involved
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Sullivan
American professional baseball player