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Stock impact report

Acadia Pharmaceuticals Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

ACADIA Pharmaceuticals Inc. (ACAD) 
Last acadia pharmaceuticals inc. earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) today announced that on September 23, 2024, the Board of Directors granted Catherine Owen Adams, Acadia’s new Chief Executive Officer, a one-time sign-on equity award of (i) 353,261 options to purchase shares of Acadia’s common stock with an exercise price of $16.29 per share, Acadia’s closing trading price on September 23, 2024, which vest 25% on the first anniversary of grant and in equal monthly installments over the three years thereafter, and (ii) 160,763 performance stock units that can be earned on achievement of relative total shareholder return metrics over a three-year performance period (which can be earned at 0-150% of 100% target), subject, in each case, to her continued service through the applicable vesting dates (collectively, the “Inducement Awards”). Acadia’s Board of Directors approved the Inducement Awards as an inducement material to Ms. Owen Adams’ employment under Acadia’s 2024 Inducement Show less Read more
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