ESOPJul 2, 2026, 04:06 PM
Outset Medical Grants Equity Awards to New Hires
AI Summary
Outset Medical, Inc. announced that its Compensation Committee approved equity awards under the Company’s Inducement Plan for one executive and two non-executive employees. These awards, granted as a material inducement to employment, include restricted stock units (RSUs) and performance-based restricted stock units (PSUs). Derick Elliott, Executive Vice President of Commercial, received 24,000 PSUs, while two non-executive employees received 4,000 RSUs and 10,000 PSUs, respectively. The awards are subject to specific vesting schedules and performance goals.
Key Highlights
- Outset Medical granted equity awards to one executive and two non-executive employees.
- Derick Elliott, EVP of Commercial, received 24,000 performance-based restricted stock units (PSUs).
- One non-executive employee received 4,000 restricted stock units (RSUs).
- A second non-executive employee received 10,000 PSUs.
- RSUs vest over three years, with 33.33% on the first anniversary and quarterly thereafter.
- PSUs are subject to 2026 PSU program performance goals, with 70% based on a three-year cumulative goal.
- The remaining 30% of PSUs are based on a separate three-year performance goal.
Price Impact
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