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Stock impact report

GeneDx Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) [Yahoo! Finance]

Opko Health, Inc. (OPK) 
Last opko health, inc. earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.opko.com
Company Research Source: Yahoo! Finance
announced that, effective as of June 26, 2024, the compensation committee of GeneDx's board of directors granted seven newly hired employees 75,100 restricted stock units ("RSUs") as inducements material to each employee entering into employment with GeneDx. The RSUs were granted under GeneDx's 2023 Equity Inducement Plan and in accordance with Nasdaq Listing Rule 5635(c)(4). The inducement RSUs will vest in equal annual installments over the four-year period following the grant date, subject to the employee's continued service with the Company on each applicable vesting date. Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement. Typically, upon full vesting, shares are sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs and funded by a "sell to cover" transaction. This does not represent a discretionary transaction by the Reporting Person. About GeneDx At GeneDx (Nasdaq: WGS) Show less Read more
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