Neuronetics Awards Stock Options to New Employees as Inducement

Neuronetics, Inc

MALVERN, PA — Neuronetics, Inc. (NASDAQ: STIM), a medical technology firm, awarded Restricted Stock Units (RSUs) equivalent to 55,650 shares of common stock to thirteen newly hired non-executive employees on Friday. This move, approved by the company’s Compensation Committee under NASDAQ Listing Rule 5635(c)(4), aims to attract top talent by offering them a stake in the company’s future.

The RSUs will vest over four years, with equal portions becoming available on each anniversary of the grant date, provided the employees remain with Neuronetics. These grants align with the company’s 2020 Inducement Plan and underscore its commitment to fostering long-term relationships with key personnel through equity-based incentives.

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