PROVO, Utah and SEATTLE, Sept. 15,
2021 /PRNewswire/ -- Qualtrics (NASDAQ: XM), the leader
and creator of the Experience Management (XM) category, today
announced the successful completion of an exchange offer by
Qualtrics to certain eligible employees of QAL Technologies Pty
Ltd, a proprietary limited company organized in Australia and a subsidiary of
Qualtrics, to exchange all of their outstanding cash-settled
fixed value rights and all of their outstanding cash-settled rights
that are linked to the value of SAP Ordinary Shares for unvested
rights ("Qualtrics RSUs") to receive shares of Qualtrics Class
A common stock. The exchange offer expired, as scheduled, at
11:59 p.m., Mountain Time, on September 10, 2021 (or 3:59 p.m., Australian Eastern Time, on
September 11, 2021).
![(PRNewsfoto/Qualtrics) (PRNewsfoto/Qualtrics)](https://mma.prnewswire.com/media/1311410/Qualtrics_XM_Logo.jpg)
Pursuant to the exchange offer, a total of 60 eligible
employees elected to tender and did not withdraw their
outstanding awards in the exchange offer, and Qualtrics
accepted for exchange awards representing approximately 78.30%
of the value of all outstanding awards eligible to be
tendered. Promptly following the expiration of the exchange
offer, all properly tendered awards were cancelled and,
pursuant to the terms of the exchange offer and the 2021 Qualtrics
International Inc. Employee Omnibus Equity Plan, Qualtrics granted
30,539 Qualtrics RSUs in exchange for the tendered awards.
About Qualtrics
Qualtrics, the leader and creator of the Experience Management
(XM) category, is changing the way organizations manage and improve
the four core experiences of business—customer, employee, product
and brand. Over 13,500 organizations around the world use Qualtrics
to listen, understand and take action on experience data
(X-data™)—the beliefs, emotions and intentions that tell you why
things are happening, and what to do about it. The Qualtrics XM
Platform™ is a system of action that helps businesses attract
customers who stay longer and buy more, engage employees who build
a positive culture, develop breakthrough products people love and
build a brand people are passionate about. To learn more, please
visit qualtrics.com.
Investor Relations:
Steven
Wu
Head of FP&A and Investor Relations
investors@qualtrics.com
Public Relations:
Gina
Sheibley
Chief Communications Officer
press@qualtrics.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/qualtrics-announces-completion-of-exchange-offer-301378029.html
SOURCE Qualtrics