
ESOPMay 21, 2026, 04:07 PM
Madrigal Grants 5,308 RSUs to 15 New Employees
AI Summary
Madrigal Pharmaceuticals, Inc. announced it granted 5,308 time-based restricted stock units (RSUs) to 15 new non-executive employees on May 15, 2026. These equity inducement awards were approved by the company's independent Compensation Committee in accordance with Nasdaq Listing Rule 5635(c)(4). The RSUs are designed to vest in four equal installments on each of the first through fourth anniversaries of the grant date, subject to the employees' continued employment.
Key Highlights
- Madrigal granted equity awards to 15 new non-executive employees.
- A total of 5,308 time-based restricted stock units were awarded.
- The equity awards were granted on May 15, 2026.
- RSUs vest in four equal installments over four years.
- Awards were approved by the independent Compensation Committee.
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