Travere Therapeutics Inc. has announced amendments to its Equity Incentive Plan, which were approved by stockholders on May 17, 2023. The latest amendments by the Board of Directors were made on March 25, 2024, with stockholder approval set for May 8, 2024. The updated plan succeeds the 2015 and 2014 incentive plans, incorporating any unallocated shares from these prior plans into the current Share Reserve. This allows for immediate issuance under the new plan's stock awards. The modifications ensure that any shares from expired or forfeited stock awards under the previous plans will also be added to the Share Reserve, thereby optimizing the allocation and availability of shares for future grants.
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