Virgin Galactic Announces New Inducement Stock Award Plan for Non-Executive Employee

Reuters
08/15
Virgin Galactic Announces New Inducement Stock Award Plan for Non-Executive Employee

Virgin Galactic Holdings Inc. has announced a new compensation agreement involving the grant of an inducement restricted stock unit award to a new non-executive employee. The award consists of 11,019 shares of Virgin Galactic common stock, with the grant becoming effective on August 15, 2025. The stock units will vest over a period of three years, with 33% vesting on the first and second anniversaries of the grant date, and the remaining 34% vesting on the third anniversary, contingent upon the employee's continued service with the company. This move is part of Virgin Galactic's efforts to integrate new talent into their team.

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. Virgin Galactic Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250814868178) on August 14, 2025, and is solely responsible for the information contained therein.

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