ESOPJun 2, 2026, 04:02 PM
Praxis Grants 2,754 Restricted Stock Units to 13 New Employees
AI Summary
Praxis Precision Medicines, Inc. announced that its Compensation Committee granted restricted stock unit awards covering an aggregate of 2,754 shares of common stock. These awards were given to thirteen new non-executive employees on June 1, 2026, under the 2024 Inducement Plan. The grants serve as inducements material to their employment, in accordance with Nasdaq Listing Rule 5635(c)(4), and will vest in four equal annual installments.
Key Highlights
- Praxis granted restricted stock unit awards covering 2,754 shares of common stock.
- Awards were given to thirteen new non-executive employees.
- Grants were made on June 1, 2026, under the 2024 Inducement Plan.
- Awards serve as inducements for employment per Nasdaq Listing Rule 5635(c)(4).
- Restricted stock units will vest in four equal annual installments.
Price Impact
More from PRAX