GRAIL Grants 34,350 RSUs to 56 New Hires Under Inducement Plan
GRAL•GRAL granted equity awards of 34,350 RSUs to 56 newly hired non-executive employees under its Nasdaq Rule 5635(c)(4) inducement plan. The RSUs vest over four years with 25% vesting on May 31, 2027, and the remainder vesting annually thereafter.
1. RSU Grant Details
GRAIL issued restricted stock units totaling 34,350 shares to 56 recently hired non-executive employees as part of its Inducement Equity Incentive Plan under Nasdaq Listing Rule 5635(c)(4). The awards aim to attract talent by offering equity stakes to new hires outside the company’s existing employee base.
2. Vesting Schedule
The RSUs vest over approximately four years, with 25% of each award scheduled to vest on May 31, 2027, followed by equal annual vesting on each anniversary of that date, contingent on continued employment with GRAIL or its successors.
3. Nasdaq Inducement Plan Purpose
The inducement plan grants equity awards exclusively to individuals who were not previously employed by GRAIL or have had a bona fide break in service, ensuring compliance with Nasdaq requirements while supporting the company’s recruitment strategy.
