Recursion Grants Nearly 3 Million RSUs to 33 New Hires in 2024 Plan
RXRX•Recursion’s board approved grant of 2,991,840 restricted stock units to 33 new employees under its 2024 Inducement Equity Incentive Plan, representing potential dilution. The inducement awards vest 25% after one year and 6.25% each quarter thereafter, subject to continued employment.
1. RSU Grant Details
On May 26, Recursion’s Compensation Committee approved inducement restricted stock unit awards totaling 2,991,840 shares to 33 new employees under the 2024 Inducement Equity Incentive Plan. These awards were granted as material incentives for the commencement of employment with Recursion or its subsidiaries.
2. Vesting Terms and Impact
The inducement RSUs vest 25% after one year and 6.25% each subsequent quarter, contingent on continued employment through each vesting date. Upon full vesting, the awards will increase Recursion’s outstanding share count, creating dilution and recognizing compensation expense over the vesting period.
