Schrödinger Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
19 11월 2024 - 10:30PM
Business Wire
Schr�dinger, Inc. (Nasdaq: SDGR) today reported that on November
14, 2024, the company granted restricted stock units (RSUs) with
respect to 2,785 shares of the company’s common stock to four newly
hired employees. These grants were made pursuant to the company’s
2021 Inducement Equity Incentive Plan, were approved by the
compensation committee of the board of directors pursuant to a
delegation by the company’s board of directors, and were made as a
material inducement to such employees’ acceptance of employment
with the company in accordance with Nasdaq Listing Rule 5635(c)(4)
as a component of his or her employment compensation.
The RSUs vest over four years, with 25 percent of such RSUs
vesting when such employee completes 12 months of continuous
service measured from the vesting commencement date, and the
balance of the RSUs vesting in a series of successive equal yearly
installments of 1/4 of the original number of RSUs upon each such
employee’s completion of each additional year of service over the
three-year period following the first anniversary of the vesting
commencement date.
The inducement grants are subject to the terms and conditions of
award agreements covering the grants and the company’s 2021
Inducement Equity Incentive Plan.
About Schr�dinger
Schr�dinger is transforming molecular discovery with its
computational platform, which enables the discovery of novel,
highly optimized molecules for drug development and materials
design. Schr�dinger’s software platform is built on more than 30
years of R&D investment and is licensed by biotechnology,
pharmaceutical and industrial companies, and academic institutions
around the world. Schr�dinger also leverages the platform to
advance a portfolio of collaborative and proprietary programs and
is advancing three clinical-stage oncology programs. Founded in
1990, Schr�dinger has approximately 900 employees operating from 15
locations globally. To learn more, visit www.schrodinger.com,
follow us on LinkedIn, or visit our blog, Extrapolations.com
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version on businesswire.com: https://www.businesswire.com/news/home/20241119761019/en/
Investor contact: Allie Nicodemo
allie.nicodemo@schrodinger.com
Schrodinger (NASDAQ:SDGR)
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