ESOPJun 4, 2026, 04:06 PM
Madrigal Pharmaceuticals Grants 6,881 RSUs to 20 New Employees
AI Summary
Madrigal Pharmaceuticals granted 6,881 time-based restricted stock units (RSUs) to 20 new non-executive employees on June 1, 2026. These equity inducement awards were approved by the independent Compensation Committee in accordance with Nasdaq Listing Rule 5635(c)(4) to incentivize employees' acceptance of employment. The RSUs will vest in four equal installments over four years, contingent on continued employment.
Key Highlights
- Granted 6,881 time-based restricted stock units (RSUs).
- Awards issued to 20 new non-executive employees.
- Grant date for the equity awards was June 1, 2026.
- Awards vest in four equal installments over four years.
- Approved by Madrigal's independent Compensation Committee.
Price Impact
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