Corporate ActionJul 31, 2026, 04:32 PM
Recursion Grants 3.23M Inducement RSUs to 24 New Employees
AI Summary
Recursion Pharmaceuticals announced the grant of inducement restricted stock unit (RSU) awards covering 3,234,866 shares of its Class A common stock to 24 new employees. These awards were approved by the Compensation Committee on July 27, 2026, under the company's 2024 Inducement Equity Incentive Plan. The grants serve as a material inducement for the employees' commencement of employment, with vesting tied to continued employment.
Key Highlights
- Granted 3,234,866 inducement restricted stock units (RSUs).
- Awards were distributed among 24 new employees.
- Approved by the Compensation Committee on July 27, 2026.
- Granted under Recursion's 2024 Inducement Equity Incentive Plan.
- Vesting begins after one year (1/4th), then 1/16th quarterly thereafter.
- Awards are contingent on the recipient's continued employment.
Price Impact
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