Vislink Technologies, Inc. Announces Incentive Grant Pursuant to Nasdaq Listing Rule 5635(c)(4)

Mt. Olive, NJ, August 30, 2024 (GLOBE NEWSWIRE) — Vislink Technologies, Inc. (“Vislink” or the “Company”) (Nasdaq: VISL) today announced that Joseph Lipowski has received time- and performance-based compensation of 10,000 restricted stock units (“RSUs”) of the Company outside of the Company’s existing equity compensation plans, effective August 29, 2024, in connection with Mr. Lipowski’s employment as the Company’s Chief Technology Officer effective such date. These RSUs were granted to Mr. Lipowski as an incentive for his employment with Vislink pursuant to Nasdaq Listing Rule 5635(c)(4).

For Mr. Lipowski, 50% of the incentive RSUs are time-based and one-third of such time-based RSUs will vest on each anniversary date for a three-year period. The remainder of the incentive RSUs are performance-based. The performance-based RSUs will vest in three equal tranches of stock if the Company achieves certain performance metrics determined by the Company’s Board of Directors or its Compensation Committee by November 7, 2024, in each case subject to Mr. Lipowski’s continued employment with the Company on the applicable vesting date. Upon vesting, the RSUs will be paid out in shares of the Company’s common stock.