MALVERN, PA — Neuronetics, Inc. (NASDAQ: STIM) has granted equity awards to six recently hired employees as inducements to join the company. The grants, consisting of restricted stock units (RSUs), were approved by the company’s Compensation Committee under NASDAQ Listing Rule 5635(c)(4).
The awards fall under Neuronetics’ 2020 Inducement Incentive Plan and are subject to time-based vesting tied to continued employment.
Among the recipients, Jay Zubrey received the largest award, totaling 18,750 RSUs across two grants with vesting periods extending up to four years. Other grant recipients include Geoff Davidson and Jeff Gaskill (4,500 RSUs each), Nisha Sikarwar (1,500 RSUs), and both Tyler Vandermeer and Lola Judek (1,200 RSUs each). Most awards vest in equal thirds over three years, contingent on continued service.
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