Savara Grants 139,000 Share Awards to 8 New Employees
Updated
Updated · Yahoo Finance · Aug 20
Savara Grants 139,000 Share Awards to 8 New Employees
3 articles · Updated · Yahoo Finance · Aug 20
Summary
August 17 awards gave eight newly hired employees options for 74,500 shares and RSUs covering 64,500 shares, Savara said.
The inducement grants were made under Savara's 2021 Inducement Equity Incentive Plan pursuant to Nasdaq Rule 5635(c)(4), tying the equity to employees' acceptance of employment.
Options carry a $5.37 exercise price — Savara's closing Nasdaq price on the grant date — run for 10 years, and vest quarterly at 1/16 per quarter.
RSUs vest in full on the two-year anniversary of each employee's start date, while Savara continues to position itself around MOLBREEVI, its Phase 3 rare-lung-disease program.