LANGHORNE, PA — Savara Inc. (Nasdaq: SVRA) has granted inducement awards to seven newly hired employees as a means to attract top talent. The equity awards, issued on April 9, 2025, were approved by the Compensation Committee of Savara’s Board of Directors under the company’s 2021 Inducement Equity Incentive Plan, in line with NASDAQ Listing Rule 5635(c)(4).
The awards include options to purchase a total of 107,000 shares of the company’s common stock and restricted stock units (RSUs) for an additional 83,000 shares. The options carry an exercise price of $2.74 per share, reflecting the closing price of the company’s stock on the NASDAQ Global Market at the time of the grant.
The options are subject to a 10-year term and will vest quarterly at a rate of 1/16th of the total shares, contingent upon the employees’ continued employment. Meanwhile, the RSUs will vest in full on the two-year anniversary of each employee’s start date, also dependent on continued employment.
The awards highlight Savara’s efforts to align employee incentives with company performance, fostering long-term retention and driving growth. The company’s forward-looking strategy focuses on securing and empowering a talented workforce to enhance its operational objectives in the biopharmaceutical sector.
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