The award, finalized on October 5, 2026, falls under Nasdaq Listing Rule 5635(c)(4) and sits outside the scope of the firm's standard 2019 Equity Incentive Plan. These restricted stock units are set to vest over a three-year timeline. One-third of the shares will vest on October 5, 2027, with the remainder vesting in 1/6th increments every six months thereafter, contingent upon Sullivan’s continued tenure at the San Jose-based semiconductor developer.
QuickLogic Grants Equity Inducement to New CFO James Sullivan
James Sullivan, the newly appointed Senior Vice President of Finance and Chief Financial Officer at QuickLogic Corporation, has received an equity award of 51,502 restricted stock units. The grant, authorized by the company’s compensation committee, serves as a material inducement for his recent transition into the executive role.
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