Ocular Therapeutix (OCUL) has agreed to grant inducement awards to one newly hired employee. The awards were made as inducements material to the individual’s acceptance of employment with Ocular under Ocular’s 2019 Inducement Stock Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4). The inducement equity awards were granted effective as of December 9, 2024 and consist of non-statutory stock options to purchase up to 215,000 shares of Ocular’s common stock at a per share exercise price equal to the closing price of Ocular’s common stock on The Nasdaq Global Market on the effective date of grant, and restricted stock unit awards representing the right to receive 70,000 shares of Ocular’s common stock. The stock option has a ten-year term and is scheduled to vest over four years, with 25% of the original number of shares vesting on the one-year anniversary of the recipient’s employment commencement date and the remainder vesting in equal monthly installments over the three years thereafter, subject to the individual’s continued service to Ocular through the applicable vesting dates. The restricted stock unit award is scheduled to vest over three years, in equal annual installments, beginning on December 9, 2024, and subject to the recipient’s continued service to Ocular through the applicable vesting dates. The inducement equity awards are subject to the terms and conditions of the award agreements covering the grants and Ocular’s 2019 Inducement Stock Incentive Plan.
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Read More on OCUL:
- Ocular Therapeutix announces over 300 subjects randomized in SOL-1
- Ocular Therapeutix price target raised to $15 from $14 at H.C. Wainwright
- Ocular Therapeutix Reports Q3 2024 Financial Results
- Ocular Therapeutix reports Q3 EPS (22c), consensus (21c)
- Ocular Therapeutix appoints Saroj as Chief Business Officer
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