ESOPJul 31, 2026, 05:02 PM
Neuronetics Grants 81,300 RSUs as Inducement Awards to 5 Employees
AI Summary
Neuronetics, Inc. announced the granting of inducement awards, totaling 81,300 Restricted Stock Units (RSUs), to five new non-executive employees. These awards were approved by the Compensation Committee in accordance with NASDAQ Listing Rule 5635(c)(4) and serve as a material inducement for their employment. The RSUs will vest over three to four years, subject to the recipients' continued service with the company.
Key Highlights
- Neuronetics granted inducement awards to five new non-executive employees.
- A total of 81,300 Restricted Stock Units (RSUs) were awarded.
- Awards were approved by the Compensation Committee under NASDAQ Listing Rule 5635(c)(4).
- Phillip McDaniel received 30,000 RSUs with vesting over three to four years.
- Martin Webb received 37,500 RSUs with vesting over three to four years.
- Nicolas Jackson received 9,000 RSUs vesting over three years.
- William Peschel and Alex Vargas each received 2,400 RSUs vesting over three years.
- Vesting for all awards is contingent on continued employment with the company.
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