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4-Traders Homepage  >  Equities  >  Nasdaq  >  Web.com Group Inc    WEB

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Web.com Announces Employment Equity Awards in Connection with Acquisition of Acquisio

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11/08/2017 | 11:26pm CET

JACKSONVILLE, Fla., Nov. 08, 2017 (GLOBE NEWSWIRE) -- Web.com Group, Inc. (Nasdaq:WEB), a leading global provider of Internet services and online marketing solutions for small businesses, today announced that its Board of Directors has granted equity awards to non-executive employees in connection with the previously announced acquisition of the assets of Acquisio.

Web.com has granted inducement awards to 100 newly hired employees under the Web.com Group, Inc. 2017 Acquisio Inducement Award Plan.  The inducement awards consist of 100,500 options and 109,000 restricted share units covering an aggregate of 209,500 shares of Web.com's common stock. The awards were granted effective November 8, 2017, and the options have a 10-year term and an exercise price equal to $21.90 per share, which was the closing price of Web.com's common stock on the date of grant. The option and restricted stock awards vest over the course of four years subject to the employee’s continued service with Web.com on each vesting date.  For options, 1/48th vest monthly.  For restricted share units, 25% vest annually on each anniversary of the grant date.

About Web.com
Web.com Group, Inc. (Nasdaq:WEB) is a global provider of a full range of Internet services to small businesses to help them compete and succeed online. Web.com meets the needs of small businesses anywhere along their lifecycle with affordable, subscription-based solutions including domains, hosting, website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and eCommerce solutions. For more information, please visit www.web.com; follow Web.com on Twitter @webdotcom or on Facebook at facebook.com/web.com.
Note to Editors: Web.com is a registered trademark of Web.com Group, Inc.

Contacts
Investors:
Ira Berger
904-680-6909
[email protected] 

Media:
Brian Wright
904-371-6856
[email protected]


© GlobeNewswire 2017
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Financials ($)
Sales 2017 755 M
EBIT 2017 171 M
Net income 2017 34,9 M
Debt 2017 591 M
Yield 2017 -
P/E ratio 2017 36,19
P/E ratio 2018 21,39
EV / Sales 2017 2,25x
EV / Sales 2018 1,98x
Capitalization 1 111 M
Chart WEB.COM GROUP INC
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Technical analysis trends WEB.COM GROUP INC
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 27,0 $
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
David L. Brown Chairman, President & Chief Executive Officer
Kevin M. Carney Chief Financial Officer & Executive Vice President
Jane L. Landon Chief Technology Officer
Timothy I. Maudlin Lead Independent Non-Executive Director
Hugh M. Durden Independent Non-Executive Director
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