HOUSTON, May 7, 2019 /PRNewswire/ -- Kraton Corporation (KRA) (the "Company") today announced the grant on May 6, 2019 (the "Grant Date") of restricted stock units ("RSUs") and performance-based restricted stock units ("PRSUs") to Mr. Atanas H. Atanasov under Kraton Corporation's 2019 Equity Inducement Plan. The grants were offered as an inducement to Mr. Atanasov in connection with his employment with the Company as its Senior Vice President and Chief Financial Officer. The grants were approved by the Compensation Committee of the Company's Board Directors in reliance on the employment inducement exception to stockholder approval provided under New York Stock Exchange Listing Rule 303A.08.
Mr. Atanasov received (1) 10,821 RSUs, which will vest on the first anniversary of the grant date; (2) 7,729 RSUs, which will vest ratably over three years; and (3) 15,459 PRSUs, which will vest on the third anniversary of the grant date subject to the satisfaction of certain performance conditions. Vesting for each grant is subject to Mr. Atanasov's remaining continuously employed with the Company through each such vesting date.
Kraton Corporation (NYSE "KRA") is a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from renewable resources. Kraton's polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing products. As the largest global provider in the pine chemicals industry, the company's pine-based specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a broad range of performance chemicals into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks and mining. Kraton offers its products to a diverse customer base in over 70 countries worldwide. Kraton, the Kraton logo and design are all trademarks of Kraton Corporation or its subsidiaries or affiliates.
For Further Information:
H. Gene Shiels 281-504-4886
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