Puma Biotechnology Inc. has announced the approval of inducement restricted stock unit awards for three new non-executive employees. The awards, covering a total of 18,250 shares of Puma common stock, were granted under the company's 2017 Employment Inducement Incentive Award Plan. The vesting schedule for these awards spans three years, with one-third of the shares vesting on the first anniversary of the award's vesting commencement date, June 1, 2025. Subsequently, one-sixth of the shares will vest on each six-month anniversary thereafter, contingent upon the employees' continued service with the company. These inducement awards were approved by Puma's Board of Directors' Compensation Committee on June 2, 2025, in line with Nasdaq Listing Rule 5635(c)(4).
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