Schrödinger, Inc. announced new compensation terms on June 13, 2025, involving the issuance of restricted stock units (RSUs) for five newly hired employees. The company granted RSUs for 10,290 shares of common stock as part of its 2021 Inducement Equity Incentive Plan. These grants were approved by the compensation committee of the board of directors and align with Nasdaq Listing Rule 5635(c)(4), serving as a material inducement for employment acceptance. The RSUs vest over four years, with 25% vesting after 12 months of continuous service, and the remainder vesting in equal yearly installments over the subsequent three years. These inducement grants are governed by award agreements and the company's incentive plan.
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