The Honest Company Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

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Mar 21, 2023

LOS ANGELES, March 21, 2023 (GLOBE NEWSWIRE) -- The Honest Company (NASDAQ: HNST), a digitally-native consumer products company born in the Gen Z era to make purpose-driven consumer products designed for all people, today announced that it made an inducement grant to Ms. Carla Vernón in connection with her employment as The Honest Company’s new Chief Executive Officer, effective January 9, 2023. Such grant was made under The Honest Company, Inc. 2023 Inducement Plan, which was approved and adopted on March 14, 2023, by the company’s Compensation Committee of the Board of Directors. The Compensation Committee granted Ms. Vernón an aggregate of 1,845,238 restricted stock units under the 2023 Inducement Plan. The grant was included in Ms. Vernón’s employment agreement described in the Form 8-K filed by the Company with the SEC on December 13, 2022.