MALVERN, PA — Neuronetics, Inc. (NASDAQ: STIM) has announced the issuance of inducement awards in the form of Restricted Stock Units (RSUs) to seven newly appointed non-executive employees. This strategic move is part of the company’s efforts to attract and retain top talent in a competitive industry.
The awards, totaling 13,500 shares of Neuronetics’ common stock, were approved by the company’s Compensation Committee. These inducement awards are in line with NASDAQ Listing Rule 5635(c)(4), serving as a significant incentive for the new employees joining the company.
Each RSU grant is structured to vest in equal installments over three years, with the first, second, and third anniversaries of the grant date marking each vesting milestone. This vesting schedule is contingent upon the continuation of the employees’ service with Neuronetics through each respective vesting date. The awards are governed by the terms set forth in the Neuronetics 2020 Inducement Plan, ensuring compliance and structured growth for both the company and its employees.
By providing these inducement awards, Neuronetics highlights its efforts to foster a motivated and engaged workforce, critical to driving its mission forward in the mental health treatment space.
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