MALVERN, PA — TELA Bio Inc. (NASDAQ: TELA) approved equity compensation awards covering 108,550 shares of common stock for four newly hired employees on Nov. 4, 2026, using restricted stock units as recruitment incentives at the Malvern-based medical technology company.
The awards, authorized by the compensation committee of TELA Bio’s board of directors, carry two different vesting schedules, with some shares vesting over four years and others becoming fully vested after one year.
Restricted stock units covering 58,550 shares will vest in equal annual installments over four years, subject to the recipients remaining employed through the applicable vesting dates.
An additional award covering 50,000 shares will vest entirely on Nov. 4, 2027, the first anniversary of the grant date, provided the recipient continues working for the company.
The grants were approved under Nasdaq Listing Rule 5635(c)(4), which permits qualifying equity awards to newly hired employees as an inducement to accept employment without obtaining shareholder approval.
TELA Bio characterized the awards as a material component of the employees’ compensation arrangements.
Restricted stock units provide recipients with the right to receive company shares after specified vesting conditions are satisfied. Unlike stock options, they do not require employees to purchase shares at an exercise price.
The different vesting schedules establish separate retention periods for the awards, linking the employees’ receipt of shares to continued service.
TELA Bio develops and markets medical devices used in soft-tissue reconstruction procedures.
The company’s products are designed to support the preservation and restoration of patients’ anatomy while reducing long-term exposure to permanent synthetic materials.
Its technology focuses on surgical reconstruction approaches that use the body’s natural healing response.
The equity grants form part of TELA Bio’s employee compensation arrangements as the company continues operating in the medical device market.
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