Spyre Therapeutics Announces Inducement Stock Option Grants for New Employees Under 2018 Equity Plan

Reuters
06-07
Spyre <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Announces Inducement Stock Option Grants for New Employees Under 2018 Equity Plan

Spyre Therapeutics Inc., a clinical-stage biotechnology company, announced on June 6, 2025, that its independent Compensation Committee has approved the grant of stock options to three non-executive employees. The inducement awards, granted under the company's 2018 Equity Inducement Plan, allow for the purchase of 50,200 shares of common stock at an exercise price of $15.40 per share, consistent with the closing price on June 2, 2025. These options come with a 10-year term and vest over a four-year period, beginning with one-fourth of the shares after the first year of employment, followed by monthly vesting of one-forty-eighth of the shares. These terms are contingent upon continuous service with Spyre.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spyre Therapeutics Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DA02383) on June 06, 2025, and is solely responsible for the information contained therein.

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