ESOPApr 17, 2026, 04:12 PM
Lixte Biotechnology Grants Restricted Share Units Under 2020 Plan
AI Summary
Lixte Biotechnology Holdings, Inc. has entered into a Restricted Share Unit Award Agreement, granting RSUs under its 2020 Stock Incentive Plan. These units are awarded in exchange for services, with immediate vesting upon the grant date, contingent on continuous service. Each vested RSU will be settled by issuing one common share within 60 days, and grantees will also receive dividend equivalent units.
Key Highlights
- Company issues Restricted Share Units (RSUs) under its 2020 Stock Incentive Plan.
- RSUs are granted in consideration for services rendered by the Grantee.
- Vesting occurs immediately upon the grant date, provided continuous service.
- Settlement involves issuing one common share for each vested RSU within 60 days.
- Grantees receive dividend equivalent units for outstanding RSUs.
Price Impact
More from LIXT