J. C. Penney Company, Inc. Grants Previously Disclosed Equity Inducement Award to Steve Whaley
02 Mai 2019 - 11:45PM
PLANO, Texas -
(May 2, 2019) - In accordance with the New York Stock Exchange
rules regarding equity inducement awards, J. C. Penney Company,
Inc. (NYSE: JCP) announced that on May 2, 2019, an equity
inducement award of 284,091 time-based restricted stock units
(TBRSUs) was granted to Steve Whaley, the Company's senior vice
president, principal accounting officer and controller, in
connection with the commencement of his employment. The Company
previously disclosed this award in its current report on form 8-K
filed on April 18 in connection with the announcement of Whaley's
appointment.
The TBRSUs comprising Whaley's
inducement award will vest in full on the third anniversary of the
grant date, provided that Whaley remains continuously employed with
the Company through such date. The award will vest on a pro
rata basis if Whaley is involuntarily terminated for any reason
other than cause.
To access the original press release announcing
Whaley's appointment, please visit:
https://www.jcpnewsroom.com/news-releases/2019/0416_announces_new_leaders.html
JCPenney Corporate Communications
& Public Relations:
(972) 431-3400 or jcpnews@jcp.com
Follow @jcpnews on Twitter for the latest announcements
and Company information.
Investor
Relations:
(972) 431-5500 or jcpinvestorrelations@jcp.com
About
JCPenney:
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation's largest
apparel and home retailers, combines an expansive footprint of over
860 stores across the United States and Puerto Rico with a powerful
e-commerce site, jcp.com, to deliver style and value for all
hard-working American families. At every touchpoint, customers will
discover stylish merchandise at incredible value from an extensive
portfolio of private, exclusive and national brands. Reinforcing
this shopping experience is the customer service and warrior spirit
of approximately 95,000 associates across the globe, all driving
toward the Company's mission to help customers find what they love
for less time, money and effort. For additional information, please
visit jcp.com.
###
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: J. C. Penney Company, Inc. via Globenewswire
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