COLUMBUS, Ohio--(BUSINESS WIRE)--
In accordance with the New York Stock Exchange rules regarding equity inducement awards, Express, Inc. (EXPR), a leading fashion apparel retailer, today announced that in connection with the appointments of Malissa Akay as Executive Vice President and Chief Merchandising Officer, and Sara Tervo as Executive Vice President and Chief Marketing Officer, 184,466 time-based restricted stock units were granted to Ms. Akay (the “Akay Inducement Award”) and 113,269 time-based restricted stock units were granted to Ms. Tervo (the “Tervo Inducement Award”).
Approximately 38,835 of the restricted stock units included in the Akay Inducement Award will vest on October 31, 2020, and the remaining amount will vest ratably over four years, subject to continued employment with the Company. The Tervo Inducement Award will vest ratably over four years, subject to continued employment with the Company.
To access the original press release announcing the appointments of Ms. Akay and Ms. Tervo, please visit:
About Express, Inc.:
Express is a leading fashion brand for women and men. Since 1980, Express has provided the latest apparel and accessories to help customers build a wardrobe for every occasion, offering fashion and quality at an attractive value. The company operates more than 600 retail and factory outlet stores in the United States and Puerto Rico, as well as an online destination. Express merchandise is also available at franchise locations and online in Latin America. For more information, please visit www.express.com.