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Stock impact report

Outset Medical Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) [Yahoo! Finance]

Outset Medical, Inc. (OM) 
Company Research Source: Yahoo! Finance
pioneering a first of-its-kind technology to improve clinical outcomes in dialysis with less cost and complexity (the “Company”), today announced that the Compensation Committee of its Board of Directors approved equity awards under the Company's Inducement Plan, as a material inducement to employment to Derick Elliott, the Company's newly appointed Executive Vice President of Commercial, as well as one newly appointed non-executive employee, in each case, who were not previous employees or directors of the Company. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4), which also requires a public announcement of any equity awards that are not made under a stockholder approved equity plan. The equity awards for the two employees were granted in the form of restricted stock units (“RSUs”), with 96,000 RSUs granted to Mr. Elliott and 10,380 RSUs granted to the other non-executive employee. The RSUs will vest over a period of three years, with 33.33% vestin Show less Read more
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