Cvent stock options
It looks like you've previously blocked notifications. Please update your browser stock to allow them. In an SEC filing, the company said the stock awards were granted under the terms of an executive incentive plan put into place three years ago. Cvent chief executive Reggie K. Aggarwal said the company vetted the distribution with its attorneys. Before this April, Cvent appears to have approved similar grants twice, in December and Octoberto be distributed in later years, according to SEC filings. Aggarwal said the company had hoped to deliver the latest round of grants at the end of March but held off because executives were out of town dealing with the acquisition. Cvent specializes in software and services that help groups manage events. Aggarwal co-founded the company during the go-go days of the dot-com boom in But when the dot-com bubble burst in the early s, the outlook soured. Aggarwal was facing bankruptcy and let go 80 percent of his staff. Options went public in August under the federal Jumpstart Our Cvent Startups Act, which offered relaxed rules for young companies, exempting Cvent from reporting various disclosures required of larger, more established public companies. Aggarwal said the company recently received an unsolicited buyout offer from a large software company he declined to name. A number of other firms followed suit, but Vista — an Austin, Tex. A Vista representative did not immediately respond to a call for comment. The deal is slated to be completed in the third quarter of this year, awaiting approval from regulators and shareholders. The deal was announced April The options allow employees to buy a certain number of shares in the future at a price set now. But executives would be able to cash in those shares sooner in the event a sale of the company is finalized, based on the filings. Aggarwal received the largest chunk of shares — 74, — along withoptions, according to SEC filings. In all, Aggarwal said he owns roughly Company insiders, including its executives and directors, own roughly 25 percent of the company, according to an April 17 filing. SuperFan badge holders consistently post smart, timely comments about Washington area sports and teams. More about badges Request a badge. Culture Connoisseurs consistently offer thought-provoking, timely comments on the arts, lifestyle and entertainment. Fact Checkers contribute questions, information and facts to The Fact Checker. Washingtologists consistently post thought-provoking, timely comments stock events, communities, and trends in the Washington area. Post Forum members consistently offer thought-provoking, timely comments on politics, national and international affairs. Weather Watchers consistently offer thought-provoking, timely comments on climates and forecasts. This commenter is a Washington Post contributor. In cvent cases, contributors are sources or experts quoted in a story. Comments our editors find particularly useful or relevant are displayed in Top Commentsas are comments by users with these badges: Replies to those posts appear here, as well as posts by staff writers. To pause and restart automatic updates, click "Live" or "Paused". If paused, you'll be notified of the number of additional comments that have come in. Turn on desktop notifications? Accessibility for screenreader Home Page U. Share on Google Plus. Be the first to know about new stories from PowerPost. By Abha Bhattarai By Abha Bhattarai April 21, Follow abhabhattarai. Abha Bhattarai is a business reporter for The Washington Post. She has previously written for The New York Times, The Wall Street Journal, Reuters and the St. Leaf Page Test - Fri Jun 16 Had this been an actual emergency, you would have been instructed where to tune on your radio dial. You must be logged in to report a comment. You must be logged in to recommend a comment. All comments are posted in the All Comments tab. Spam Offensive Disagree Off-Topic. Among the criteria for featured comments: Special counsel is investigating Trump for possible obstruction of justice, officials say. Analysis The European Union stock popular again. But there are reasons for Brussels to worry. The story must be cvent. Check your inbox for details. You might also like: Sign Up No Thanks. Read content from allstate. Content from Allstate This content is paid for by an advertiser and published by WP BrandStudio. Options Washington Options newsroom was not involved in the creation of this content. Learn more about WP BrandStudio.
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