StockWatch
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Biotechnology: Pharmaceutical Preparations
ESOPApr 22, 2026, 04:06 PM

Lifecore Biomedical Grants 5,000 RSU Award to New Hire

AI Summary

Lifecore Biomedical, Inc. announced the grant of a restricted stock unit (RSU) award for 5,000 shares of its common stock to a newly hired employee, effective April 20, 2026. This award, approved by the compensation committee, serves as a material inducement for the employee to join the company, in accordance with Nasdaq Listing Rule 5635(c)(4). The RSUs will vest and be settled on the third anniversary of the grant date, subject to continued employment.

Key Highlights

  • Granted 5,000 restricted stock units (RSUs).
  • Awarded to a newly hired employee.
  • Vesting occurs on the third anniversary of the grant date.
  • Granted on April 20, 2026.