ESOPMay 29, 2026, 04:32 PM
Recursion Grants 2.99M Inducement RSUs to 33 New Employees
AI Summary
Recursion Pharmaceuticals announced that its Compensation Committee approved inducement restricted stock unit (RSU) awards for 33 new employees. These awards cover an aggregate of 2,991,840 shares of Class A common stock under the company's 2024 Inducement Equity Incentive Plan. The grants serve as a material inducement for their employment, in accordance with Nasdaq Listing Rule 5635(c)(4), and will vest over time subject to continued employment.
Key Highlights
- Recursion granted inducement RSU awards to 33 new employees.
- Awards cover an aggregate of 2,991,840 Class A common shares.
- Approved by the Compensation Committee on May 26, 2026.
- Granted under Recursion's 2024 Inducement Equity Incentive Plan.
- Vesting begins one year after commencement date, then quarterly.
Price Impact
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