Freshworks’ board reworks CEO Girish Mathrubootham’s stock award

The board of software service provider Freshworks has cancelled the performance-based stock award of 6 million shares to founder and chief executive Girish Mathrubootham, according to a regulatory filing.

Nasdaq-listed Freshworks’ board said the decision was taken in the backdrop of the macroeconomic headwinds that have created challenges for the company’s stock price.