MALVERN, PA — TELA Bio, Inc. (NASDAQ: TELA) recently approved inducement grants of restricted stock units for nine newly-hired employees. The grants cover 16,000 shares of common stock and have a grant date of August 6, 2024.
The Compensation Committee of the Board of Directors sanctioned these grants as part of the Nasdaq Rule 5635(c)(4) inducement grant exception. This rule allows companies to offer stock units as a part of employment compensation to encourage new hires.
The restricted stock units will vest annually over four years. Continued service with TELA Bio is required for the vesting to take place.
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