ESOPJul 2, 2026, 04:02 PM
Arcutis Grants 61,000 RSUs to 9 New Employees
AI Summary
Arcutis Biotherapeutics, Inc. announced the grant of 61,000 restricted stock units (RSUs) to 9 newly hired employees. These awards, approved by the Compensation Committee, were made under the 2022 Inducement Plan on July 1, 2026, as a material inducement for their employment. The RSUs will vest over four years, with 25 percent vesting on each annual anniversary of the vesting commencement date, contingent on continued employment.
Key Highlights
- Arcutis granted an aggregate of 61,000 restricted stock units (RSUs).
- The RSUs were awarded to 9 newly hired employees.
- The grant date for these RSUs was July 1, 2026.
- Awards were made under the Arcutis Biotherapeutics, Inc. 2022 Inducement Plan.
- RSUs will vest over four years, with 25% vesting annually.
Price Impact
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