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ViewRay Announces Equity Inducement Awards under Nasdaq Listing Rule 5635(c)(4) | ||
By: PR Newswire Association LLC. - 04 Jun 2020 | Back to overview list |
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CLEVELAND, June 3, 2020 /PRNewswire/ -- ViewRay, Inc. (Nasdaq: VRAY) announced today grants of stock options and restricted stock units to Zach Stassen, Chief Financial Officer for the company. These awards were granted as an inducement material to entering into employment with ViewRay, in accordance with Nasdaq Listing Rule 5635(c)(4) and as approved by the Compensation Committee of ViewRay's Board of Directors. As an inducement material to Mr. Stassen's entering into employment, the company granted to Mr. Stassen 495,079 stock options and 33,907 restricted stock units ("RSUs") effective June 1, 2020. This award was granted in accordance with Nasdaq Listing Rule 5635(c)(4), has been approved by the Compensation Committee of ViewRay's Board of Directors and is subject to the terms and conditions of the ViewRay, Inc. 2018 Equity Inducement Award Program and an award agreement between the company and Mr. Stassen. In addition, Mr. Stassen was granted 311,396 RSUs under the ViewRay 2015 Equity Incentive Plan and an award agreement between the company and Mr. Stassen. The terms for the grants described above are or will be subject to the terms and conditions of ViewRay's 2015 Stock Incentive Plan, and include service-based vesting requirements for (i) the stock option portion of the grant, vesting over four years, and (ii) the RSU portion of the grant, vesting over three years. The stock options have an exercise price equal to the closing trading price of ViewRay's common stock on the effective date. About ViewRay Forward-Looking Statements View original content to download multimedia:http://www.prnewswire.com/news-releases/viewray-announces-equity-inducement-awards-under-nasdaq-listing-rule-5635c4-301070476.html SOURCE ViewRay, Inc. |
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