Nautilus, Inc. Announces Incentive Grants | National business

VANCOUVER, Wash. – (BUSINESS WIRE) – Nov. September 2021–

Nautilus, Inc. (NYSE: NLS) (“Nautilus”, “the Company”), a leading global provider of digitally connected home fitness solutions, announced today that it has received stock awards under the Nautilus, Inc. Inducement Stock Plan for Vay AG was granted by employees (the “Inducement Stock Plan”) in connection with the acquisition of Vay AG.

The company granted 14 employees of Vay AG incentive bonuses as part of the Inducement Stock Plan, consisting of a total of 387,243 performance-related restricted stock units and 387,243 performance-related performance units (at the target level). The Restricted Stock Units and Performance Unit Awards were approved by the Compensation Committee of the Company’s Board of Directors and were awarded under the Inducement Stock Plan to new employees who join Nautilus under New York Stock Exchange Rule 303A.08.

Each restricted stock unit will vest in equal parts over a period of three years, subject to continued employment with Nautilus on these vesting dates. The performance units were granted with a target achievement level (“Target Shares”) and vest after three years based on performance in relation to specific financial corporate goals over a three-year performance period (the “Performance Targets”). The percentage of the target shares that are vested and issued as part of the Performance Unit Awards is determined based on the achievement of the performance targets on the threshold, target and maximum level, with the minimum threshold being set at 30% of the target shares and the upper limit being set at 200% of the Target stocks.

Any allocation of restricted stock units and performance units is subject to the terms of the Inducement Stock Plan and the terms of a restricted stock unit agreement and a performance unit agreement that covers the allocation.

About Nautilus, Inc.

Nautilus, Inc. (NYSE: NLS) is a leading global provider of digitally connected home fitness solutions. The company’s family of brands includes Bowflex®, Nautilus®, Schwinn® and JRNY®, its digital fitness platform. With a broad selection of exercise bikes, cardio machines, and strength training products, Nautilus, Inc. enables healthier lives through personalized, connected fitness experiences; envisioning building a healthier world, one person at a time.

Headquartered in Vancouver, Washington, products are sold direct to consumers through branded websites and retail partners, and are available in the US and internationally. Nautilus, Inc. uses the Investor Relations page of its website (www.nautilusinc.com/investors) to provide information to its investors and the market.

About VAY

VAY specializes in computer vision and AI technology solutions and has developed reliable and precise software solutions for human motion analysis with any normal (RGB) camera from a device such as a laptop, smartphone or tablet. With a mission to democratize professional human movement analysis, VAY enables its fitness and health customers to understand and analyze human movements, and provide personalized feedback on repetitions and shapes in real time. VAY has partnered with the world’s leading providers of networked fitness and digital therapy. The company, based in Zurich, Switzerland, began research and development in 2018 and was founded in 2019 as a spin-off from ETH Zurich, one of the best science and technology universities in the world. Since then, VAY has received multiple awards and has established itself as the world’s leading provider of camera-based motion analysis for fitness and health applications. To learn more, please visit https://www.vay.ai/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210917005470/en/

CONTACT: Media:

John Fread

Nautilus, Inc

360-859-5815

[email protected] Investor Relations:

John Mills ICR, LLC

646-277-1254

[email protected]

KEYWORD: WASHINGTON UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: RETAIL SPECIALTY FITNESS & NUTRITION HEALTH

SOURCE: Nautilus, Inc.

PUB: 09/17/2021 4:05 pm / DISC: 09/17/2021 4:06 pm

http://www.businesswire.com/news/home/20210917005470/en