ESOPAug 7, 2026, 04:05 PM
Arcutis Grants RSUs and Stock Options to 24 New Employees
AI Summary
Arcutis Biotherapeutics announced the grant of inducement awards to 24 newly hired employees. These awards include 143,500 restricted stock units (RSUs) and options to purchase 37,000 shares of common stock. The grants were made under the 2022 Inducement Plan, with RSUs vesting over four years annually and stock options vesting over four years with an exercise price of $25.94 per share.
Key Highlights
- 24 newly hired employees received inducement awards.
- 143,500 restricted stock units (RSUs) were granted.
- Options to purchase 37,000 shares of common stock were granted.
- RSUs vest over four years, 25% annually.
- Stock options vest over four years, 25% after one year, then monthly.
- Stock options have an exercise price of $25.94 per share.
- Grant date for the awards was August 3, 2026.
Price Impact
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