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-0.00948509485094843 0.00271002710027107 1.20349379363161E-16 -1.35501355012031E-05 -0.00135501355013535 -0.00677506775067736 -0.00948509485094843 -0.0121951219512194
Stock impact report

Palladyne AI Announces Employee Equity Awards

Palladyne AI Corp. - Common stock (PDYN) 
Company Research Source: Business Wire
SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, today announced that the Compensation Committee of Palladyne AI’s Board of Directors approved employee equity awards under its 2021 Equity Incentive Plan or its 2024 Inducement Equity Incentive Plan (the “2024 Inducement Plan”), as applicable. The total number of shares subject to the newly granted equity awards was 601,587. The Company grants equity awards to certain of its employees to better align their interests with those of our stockholders, as a meaningful retention incentive and as a means of reducing cash used in compensation expense. The grant date of the awards was March 10, 2025.Included in the above grants were inducement awards under the 2024 Inducement Plan to two recent hires, consisting of an inducement award of options to purchase 25,000 shares of Palladyne AI’s Show less Read more
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