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SunPower Reports Inducement Grants in Connection with Sunder Acquisition

1. SunPower granted 2.7 million RSUs to key Sunder Energy employees. 2. Grants incentivize employment following SunPower's acquisition of Sunder Energy. 3. RSUs vest over five years, aligning key employees with company performance. 4. Accelerated vesting occurs if employment is terminated without cause. 5. This strategic move enhances talent retention post-acquisition.

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FAQ

Why Bullish?

Inducement grants indicate confidence in future growth post-acquisition, typically enhancing stock value.

How important is it?

Retention of talent through RSUs can positively influence performance and investor perception.

Why Long Term?

The retention of key talent is crucial for strategic growth, impacting SPWR's long-term trajectory.

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Sunder EnergyTSLAENPH RUNFSLR
OREM, Utah, Oct. 10, 2025 (GLOBE NEWSWIRE) -- SunPower (Complete Solaria, Inc.; herein “SunPower,” the “Company,” or Nasdaq: “SPWR”) a solar technology, services, and installation company, today announced that on October 8, 2025 it made inducement grants to three key employees of Sunder Energy as a material inducement to employment with SunPower following its acquisition of Sunder Energy. The inducement grants consist of time-based restricted stock units (“RSUs”) for a total of 2.7 million shares of SunPower common stock, with 20% of the RSUs vesting one year after grant and the remainder vesting in equal monthly installments thereafter until the fifth anniversary of the grant date, with such vesting subject to the RSU recipient’s continuous service through each vesting date. The RSUs are also subject to accelerated vesting in the event the RSU recipient’s employment is terminated by the Company without cause. These inducement grants were approved by the board of directors of the Company and granted outside of the Company’s 2023 Equity Incentive Plan as a material inducement to entering into employment with SunPower in accordance with Nasdaq Listing Rule 5635(c)(4). About SunPowerSunPower (Nasdaq: SPWR) is a leading residential solar services provider in North America. The Company’s digital platform and installation services support energy needs for customers wishing to make the transition to a more energy-efficient lifestyle. For more information visit www.us.sunpower.com. Source: SunPower

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