Arcturus Therapeutics Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) – QNT Press Release

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Arcturus Therapeutics Holdings Inc. ((the “Company”, “Arcturus”, NASDAQ:ARCT), a leading clinical-stage messenger RNA medicines company focused on the development of infectious disease vaccines and significant opportunities within liver and respiratory rare diseases, today announced that the Compensation Committee of the Company’s Board of Directors and the Company’s Board of Directors approved inducement grants of stock options to purchase an aggregate of 11,200 shares of Arcturus’s common stock to three newly-hired employees. The equity awards were granted pursuant to the Nasdaq Rule 5635(c)(4) inducement grant exception as a component of each individual’s employment compensation and were granted as an inducement material to his or her acceptance of employment with the Company.

The options have an exercise price equal to $24.85 per share, the closing price of the Company’s common stock as reported by Nasdaq on February 15, 2022. The options have a ten-year term and vest over four years, with 25% of the number of shares underlying the stock option vesting on one-year anniversary of the applicable vesting commencement date (based on the quarter in which the applicable employee’s employment commenced) and the remaining shares vesting monthly over 36 months thereafter. The equity awards are subject to each individual’s continued service…

Full story available on Benzinga.com

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