MALVERN, PA — Neuronetics, Inc. (NASDAQ: STIM) has granted performance restricted stock units (PRSUs) to Bill Leonard as part of an inducement award tied to his employment with the company. The award was approved by the Compensation Committee of the Board of Directors under Neuronetics’ 2020 Inducement Incentive Plan.
Leonard received 50,000 PRSUs, which are set to vest in equal portions on December 31 of 2025, 2026, and 2027. However, the vesting is contingent on his continued employment with Neuronetics or Greenbrook TMS Inc. through December 31, 2025.
These awards align with NASDAQ Listing Rule 5635(c)(4) and serve as material incentives for Leonard’s contributions to the company.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.