LANGHORNE, PA — Savara Inc. (Nasdaq: SVRA) has announced the issuance of inducement awards to five newly hired employees as part of its ongoing efforts to attract top talent. The awards were approved on December 20, 2024, by the Compensation Committee of Savara’s Board of Directors, offering a mix of stock options and restricted stock units (RSUs).
The grants include options to purchase 100,000 shares of Savara’s common stock and RSUs covering an additional 100,000 shares. Both awards were granted under the company’s 2021 Inducement Equity Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4), making them a key part of the hiring package for the new employees.
The stock options carry an exercise price of $3.23 per share, reflecting the closing trading price on the grant date. Each option has a 10-year term and vests in quarterly increments—1/16th of the total shares vesting every three months—starting from the employee’s first day with the company, contingent on their continued employment.
Meanwhile, the RSUs are designed to vest in full on the two-year anniversary of the employee’s start date, also contingent on ongoing employment.
These awards aim to incentivize and retain top talent, as well as align employee interests with the company’s long-term success. By offering a mix of stock options and RSUs, the company hopes to not only attract new employees but also motivate them to contribute to the company’s growth and success over time.
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