ESOPJun 5, 2026, 04:01 PM
Arcutis Grants 44,000 RSUs to Six New Employees
AI Summary
Arcutis Biotherapeutics, Inc. reported granting an aggregate of 44,000 restricted stock units (RSUs) to six newly hired employees. These awards were approved by the Compensation Committee of the Board of Directors and granted under the 2022 Inducement Plan. The RSUs serve as a material inducement for the new employees and will vest over four years, with 25% vesting on each annual anniversary, contingent on continuous employment.
Key Highlights
- Arcutis granted 44,000 restricted stock units (RSUs).
- Awards were given to six newly hired employees.
- Granted under the Arcutis Biotherapeutics, Inc. 2022 Inducement Plan.
- RSUs vest over four years, with 25% vesting annually.
- Awards are subject to continuous employment.
- Approved by the Compensation Committee of the Board.
Price Impact
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