StockWatch
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Biotechnology: Biological Products (No Diagnostic Substances)
ESOPJun 15, 2026, 06:01 AM

Fennec Pharmaceuticals Grants 10,000 Stock Options to New Employee

AI Summary

Fennec Pharmaceuticals Inc. announced the grant of 10,000 incentive stock options (ISOs) to a new non-executive employee on June 10, 2026. These ISOs, granted under the 2026 Equity Inducement Plan, have an exercise price of $9.00 per share and a ten-year term. The options vest one-third on the one-year anniversary of the grant date and monthly thereafter over 24 months, contingent on continued employment.

Key Highlights

  • Granted 10,000 incentive stock options (ISOs).
  • Options issued to one new non-executive employee.
  • Exercise price set at $9.00 per share.
  • Options granted under the 2026 Equity Inducement Plan.
  • Options have a ten-year term from the grant date.
  • Vesting begins one-third on the one-year anniversary, then monthly over 24 months.