MALVERN, PA — TELA Bio, Inc. (NASDAQ: TELA) announced that the Compensation Committee of the Board of Directors of TELA Bio recently approved inducement grants of restricted stock units covering 27,250 shares of its common stock to seventeen newly-hired employees, with a grant date of May 5, 2023.
The restricted stock units were granted pursuant to the Nasdaq Rule 5635(c)(4) inducement grant exception as a component of each individual’s employment compensation and were granted as an inducement material to his or her acceptance of employment with TELA Bio.
The restricted stock units will vest in equal annual installments over four years, subject to each individual’s continued service with TELA Bio through the applicable vesting dates.
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