Business
SmartRent Announces Inducement Grants Under New York Stock Exchange Listed Company Manual Rule 303A.08
PHOENIX, January 28, 2026--SmartRent granted inducement awards to Messrs. Bansi and Ponathil in accordance with New York Stock Exchange Listed Company Manual Rule 303A.08
About this update from Smartrent, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/bf8135be8398929fb5e7ab33b11a9400"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.yH_d_jXlLmUUesm5uYpIQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/bf8135be8398929fb5e7ab33b11a9400","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/d7oXHmNNqwjKRDCTUmGbpA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/bf8135be8398929fb5e7ab33b11a9400","width":1024,"height":512}},"lazy":false},{"type":"text","content":"PHOENIX, January 28, 2026--(BUSINESS WIRE)--SmartRent, Inc. (the "Company") announced that, in accordance with the terms of their offer letters and as a material inducement to Mr. Pankaj Bansi and Mr. Sangeeth Ponathil commencing employment with the Company, the Company granted inducement awards to each of Messrs. Bansi and Ponathil under the SmartRent, Inc. 2025 Inducement Equity Incentive Plan (the "Inducement Plan") in accordance with New York Stock Exchange Listed Company Manual Rule 303A.08.","length":521,"tagName":"p"},{"type":"text","content":"As provided in Mr. Bansi’s offer letter, the inducement award consists of time-based restricted stock units ("RSUs") covering 232,558 shares of SmartRent’s Class A common stock. The RSUs vest at a rate of 25% annually on each anniversary of the award grant date, subject to his continued employment through the applicable vesting date.","length":345,"tagName":"p"},{"type":"text","content":"As provided in Mr. Ponathil’s offer letter, the inducement award consists of time-based RSUs covering 232,558 shares of SmartRent’s Class A common stock. The RSUs vest at a rate of 25% annually on each anniversary of the award grant date, subject to his continued employment through the applicable vesting date.","length":311,"tagName":"p"},{"type":"text","content":"Each inducement award is subject to the terms of the Inducement Plan and the applicable award agreements thereunder.","length":116,"tagName":"p"},{"type":"text","content":"About SmartRent","length":15,"tagName":"p"},{"type":"text","content":"Founded in 2017, SmartRent, Inc. (NYSE:...