Everbridge Appoints Bryan Barney as Chief Product Officer and Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM) and national public warning software solutions, today announced the appointment of Bryan Barney as Chief Product Officer, responsible for leading the company’s global product development strategy.

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Everbridge Appoints Bryan Barney as Chief Product Officer (Photo: Business Wire)

With over 30 years’ experience in enterprise software and 20 years in cybersecurity leadership, Mr. Barney has led product research and development for some of the largest security organizations in the world. Mr. Barney joins Everbridge, effective immediately, and reports to Chief Executive Officer David Wagner.

“Bryan is a seasoned technology executive with extensive experience building world-class teams and world-class software products,” said Mr. Wagner. “As we continue to expand on the extensibility of our platform though APIs and data integration, Bryan’s background in cloud solutions and security resilience will be instrumental to the growth of our offerings and innovation for customers and partners.”

Prior to Everbridge, Mr. Barney served as Chief Executive Officer of RedSeal, a leading cloud software and analytics provider helping government agencies and Global 2000 companies measurably reduce cyber risk. Before RedSeal, Mr. Barney led Symantec’s Enterprise Security Group through its transition from a traditional security company to leading cloud services organization as General Manager and SVP. Prior to Symantec, he was GM and SVP of the Network Security Group at Sophos where he expanded the network security business and helped the company go public. Mr. Barney also spent 13 years at McAfee, serving as EVP and head of product development for the company’s broad security portfolio. He holds a BS in electrical and electronics engineering and an MBA, both from Brigham Young University.

“Everbridge is synonymous with organizational resilience and continues to innovate and deliver differentiated capabilities for the world’s leading brands,” said Mr. Barney. “I am excited to join Everbridge, a company with a strong mission and passion for digitizing organizational resilience to truly help save lives and keep businesses running.”

The Company also announced that the Compensation Committee of the Board of Directors of the Company approved inducement awards under Nasdaq Listing Rule 5635(c)(4) consisting of 128,745 restricted stock units (“RSUs”) and 193,118 performance stock units (“PSUs”) to two new employees, pursuant to the Everbridge, Inc. 2022 Inducement Plan. Awards of 100,000 RSUs and 28,745 RSUs were granted on December 30, 2022 to Mr. Barney and Noah Webster, the Company’s new Chief Legal & Compliance Officer, respectively. The RSUs will vest over four years, with 25% of the underlying shares vesting on the one-year anniversary of the applicable vesting commencement date, and 75% of the underlying shares vesting in equal installments over the next twelve calendar quarters, with the first such installment vesting on the date which is three months after the initial vesting date. Awards of 150,000 PSUs and 43,118 PSUs will be granted to Mr. Barney and Mr. Webster, respectively, in Q1 2023, subject to the recipient’s continued employment on the grant date, and will vest based on performance measures determined by Everbridge’s Board of Directors at the time of grant.