Virgin Galactic Holdings Inc. has announced a new inducement award under the NYSE Listing Rule 303A.08. The company's Compensation Committee has approved a grant of 34,862 shares of Virgin Galactic common stock to a new non-executive employee, effective May 15, 2025. This award is part of the 2023 Employment Inducement Incentive Award Plan, designed to offer equity awards to new hires. The restricted stock unit award will vest over a three-year period, with 33% of the shares vesting on the first and second anniversaries of the grant date, and the remaining 34% vesting on the third anniversary, contingent upon continued service with the company.
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