MALVERN, PA — Neuronetics, Inc. (NASDAQ: STIM) announced this week the granting of inducement awards of Restricted Stock Units (RSUs) totaling 4,500 shares of the Company’s common stock to three new non-executive employees. These awards, approved by Neuronetics’ Compensation Committee in line with NASDAQ Listing Rule 5635(c)(4), were granted as inducements to their employment.
The RSUs vest in equal installments on the first, second, and third anniversaries of the grant date, provided the recipient remains with the Company through each vesting date. They are governed by the Neuronetics 2020 Inducement Plan.
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