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Stock impact report

Pulmonx Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4) [Yahoo! Finance]

Pulmonx Corporation (LUNG) 
US:NASDAQ Investor Relations: investor.prolunginc.com/investor-relations
Company Research Source: Yahoo! Finance
invasive treatments for lung disease, today announced the inducement grant of equity awards to Steve Williamson, its newly-hired President and Chief Executive Officer, in accordance with Nasdaq Listing Rule 5635(c)(4). On March 15, 2024, Pulmonx granted Mr. Williamson (i) 205,286 time-based restricted stock units, which will vest as to 25% of such units on March 3, 2025, with the remainder vesting in equal quarterly installments over the subsequent three-year period, and (ii) a nonstatutory stock option to purchase 425,116 shares of common stock with an exercise price of $8.95 per share, the closing price of Pulmonx's common stock on March 15, 2024, which will vest as to 25% of such shares on March 3, 2025, with the remainder vesting in equal monthly installments over the subsequent three-year period. The vesting of such awards is subject to Mr. Williamson's continuous employment on each vesting date. The equity awards to Mr. Williamson were granted as a material inducement to his Show less Read more
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