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Stock impact report

CytoSorbents Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Cytosorbents Corporation (CTSO) 
Last cytosorbents corporation earnings: 11/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: cytosorbents.com
Company Research Source: GlobeNewswire
PRINCETON, N.J., Aug. 16, 2024 (GLOBE NEWSWIRE) -- CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification via its proprietary polymer adsorption technology, today announced that it granted inducement equity awards on August 14, 2024 (the “Grant Date”) to its newly-hired Chief Financial Officer, Peter J. Mariani. The inducement equity awards consist of (i) a non-qualified stock option to purchase 215,000 shares of CytoSorbents’ common stock (“Common Stock”), which vest upon the achievement of certain performance milestones described in Mr. Mariani’s employment agreement, (ii) restricted stock units (“RSUs”) relating to 65,000 shares of Common Stock, which vest in two equal annual installments on the first and second anniversaries of the Grant Date, (iii) RSUs relating to 110,000 shares of Common Stock, which vest upon the earlier of a change of control of CytoSorbents Show less Read more
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