Mobile enterprise security company MobileIron (NASDAQ: MOBL) has appointed Barry Mainz to president and chief executive officer and named to MobileIron´s board of directors, the company said.
Mainz succeeds founding CEO Bob Tinker, who will remain on MobileIron´s board.
MobileIron´s board of directors granted inducement awards to Mainz in connection with his employment, consisting of (i) an award of 200,000 restricted stock units, which award will vest fully upon two years of continuous service, and (ii) an award of 560,000 restricted stock units, which award will vest as to 14/48ths of the underlying shares on February 20, 2017, 1/16th of the underlying shares on each of the next 11 of the company´s standard quarterly vesting dates (May 20, August 20, November 20 and February 20) thereafter, and 1/48th of the underlying shares on February 20, 2020, subject to continuous service.
Vesting will accelerate under certain conditions and in certain amounts as set forth in Barry´s employment agreement with the company.
MobileIron provides the secure foundation for companies to transform into Mobile First organizations.