SeaSpine Reports Granting of Inducement Awards
SeaSpine Holdings Corporation (SPNE)
Last seaspine holdings corporation earnings: 2/26 04:05 pm
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Source: GlobeNewswire
CARLSBAD, Calif., April 03, 2020 (GLOBE NEWSWIRE) -- SeaSpine Holdings Corporation (NASDAQ: SPNE), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, today announced that it has issued inducement awards to nine non-executive employees. The awards were made on April 1, 2020 under SeaSpine’s 2018 Employment Inducement Equity Incentive Award Plan, which provides for the granting of equity awards to new employees of SeaSpine. The inducement awards consist of restricted stock unit awards with respect to an aggregate of 28,067 shares of SeaSpine common stock. The restricted stock units vest in three substantially equal installments on each of the first three anniversaries of the grant date. The awards were approved by the independent compensation committee of SeaSpine’s board of directors and were granted as an inducement material to the new employees entering into employment with SeaSpine in accordance with Nasdaq Marketplace Rule
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