MALVERN, PA — TELA Bio, Inc. (NASDAQ: TELA) has announced inducement grants of restricted stock units for three newly hired employees, a move designed to attract top talent. The Compensation Committee of the Board of Directors approved the grants, which cover a total of 1,700 shares of TELA Bio common stock. The grant date was December 11, 2024.
The restricted stock units were issued under the Nasdaq Rule 5635(c)(4) inducement grant exception, marking them as a significant part of the new hires’ employment compensation. These grants are structured to vest in equal annual installments over a four-year period, provided that the recipients remain with TELA Bio through the respective vesting dates.
The inducement grants exemplify TELA Bio’s efforts to align employee incentives with company performance as it continues to grow its team and expand its operations.
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