MALVERN, PA — Neuronetics, Inc. (NASDAQ: STIM) recently announced the issuance of Restricted Stock Units (RSUs) as part of inducement awards granted to two newly hired non-executive employees. The awards cover a total of 15,750 shares of the company’s common stock.
Approved by Neuronetics’ Compensation Committee under the company’s 2020 Inducement Plan and in accordance with NASDAQ Listing Rule 5635(c)(4), the awards serve as material inducements for the new hires to join the organization.
The RSUs will vest in three equal installments over three years, on the first, second, and third anniversaries of the grant date, contingent on the recipients’ continued service with Neuronetics throughout the vesting period.
These new employee stock awards reflect Neuronetics’ effort to secure top talent as it continues to drive innovation in mental health treatment. With opportunities for further growth, the company stated that it remains focused on strengthening its team to advance its mission of improving patient care and outcomes.
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