MALVERN, PA — Neuronetics, Inc. (NASDAQ: STIM) this week announced the granting of inducement awards to Rusty Page, VP Operations. In accordance with NASDAQ Listing Rule 5635(c)(4), the award was approved by Neuronetics’ Compensation Committee and made as a material inducement to his employment with the Company.
In connection with the commencement of his employment, the Company stated that it granted Mr. Page 32,258 Restricted Stock Units (“RSUs”) with a fair value estimated at the date of grant based on the grant date fair value of the Company’s common stock equal to the closing trading price on the Nasdaq Global Select Market on December 1, 2022.
The RSUs vest ratably in three equal installments on the first, second and third anniversaries of the grant date, subject to Mr. Page’s continued service with the Company through the applicable vesting date. The RSUs are subject to the terms of the Neuronetics 2020 Inducement Plan.
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