From Financial Post · GlobeNewswire · · 50s
Xenon Grants Employees Equity Inducements
Xenon Pharmaceuticals gives 24,250 share options and 14,250 RSUs to nine new hires under Nasdaq rule 5635(c)(4).
In brief
Xenon Pharmaceuticals gives 24,250 share options and 14,250 RSUs to nine new hires under Nasdaq rule 5635(c)(4). Xenon Pharmaceuticals granted 24,250 share options and 14,250 RSUs to nine new non-officer employees under Nasdaq Listing Rule 5635(c)(4). Originally reported by Financial Post.
Xenon Announces Equity Grants
Xenon Pharmaceuticals Inc. granted equity inducement grants to nine new non-officer employees.
Grant Details
The grants include 24,250 share options and 14,250 restricted share units (RSUs) approved by the Compensation Committee.
Share Options Terms
Share options have an exercise price of $37.54 per share, vest over four years with 25% vesting after one year.
RSU Vesting Schedule
RSUs vest 25% of shares on each of the first four anniversaries of the grant date, subject to continued service.
What matters most
Xenon Pharmaceuticals granted 24,250 share options and 14,250 RSUs to nine new non-officer employees under Nasdaq Listing Rule 5635(c)(4).
