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Stock impact report

Infinity Pharmaceuticals Reports Inducement Grants to Chief Scientific Officer under Nasdaq Listing Rule 5635(c)(4)

Infinity Pharmaceuticals, Inc. (INFI) 
Last infinity pharmaceuticals, inc. earnings: 10/30 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.infi.com/investor-overview
Company Research Source: Business Wire
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Infinity Pharmaceuticals, Inc. (Nasdaq: INFI) (“Infinity” or the “Company”), a clinical-stage biotechnology company developing eganelisib (IPI-549), a potentially first-in-class, oral, immuno-oncology macrophage reprogramming therapeutic, today announced the grant of an inducement stock option award and an inducement restricted stock unit award to Stephane Peluso, Ph.D., the Company’s recently hired Chief Scientific Officer, in accordance with Dr. Peluso’s employment offer letter. These grants were approved by the Company’s Compensation Committee of the Board of Director’s and were made as a material inducement to Dr. Peluso’s acceptance of employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of his employment compensation.The inducement stock option award consists of an option to purchase a total of 250,000 shares of the Company’s common stock with an exercise price of $2.93, equal to the closing price of Show less Read more
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