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Stock impact report

Pliant Therapeutics Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) [Yahoo! Finance]

Pliant Therapeutics, Inc. (PLRX) 
Company Research Source: Yahoo! Finance
granted stock options to purchase an aggregate of 120,000 shares of common stock upon vesting to Chohee Yun, M.D., the Company's newly appointed Senior Vice President of Clinical Development as a material inducement to her employment. The stock options that were granted are subject to an exercise price of $11.51 per share, which is equal to the closing price of the Company's common stock on June 10, 2024, and will vest over 4 years, with 25% of the shares underlying the employee's option vesting on the one-year anniversary of the grant date and the remaining shares thereafter vesting in monthly installments at a rate of 1/48 th of the shares underlying such stock options over the subsequent 36 months, subject to the respective employee's continued service with the Company. The stock options have a 10-year term. This award is subject to the terms and conditions of the Company's 2022 Inducement Plan. About Pliant Therapeutics, Inc. Pliant Therapeutics is a late-stage biopharmaceut Show less Read more
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