RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • February 6th, 2023 • Westwood Holdings Group Inc • Investment advice
THIS RESTRICTED STOCK AGREEMENT (the “Agreement”), is made as of December ___, 2022 (the “Issue Date”), between the Westwood Holdings Group, Inc., a Delaware corporation (the “Company”) and ________ (the “Employee”), and sets forth the terms of the Restricted Stock (as defined below) issued to Employee pursuant to this Agreement and in a manner intended to be granted as a one-time employment “inducement award” under Section 303A.08 of the New York Stock Exchange (“NYSE”) Listed Company Manual, and consequently is intended to be exempt from the NYSE rules requiring shareholder approval for the issuance of equity-based compensation. The Company will take such actions as may be necessary to comply with that exception, including notification to the NYSE and disclosure of the material terms of the inducement grants in a press release.
