Geron Corporation Announces New Equity Awards for Employees Under 2018 Inducement Award Plan

Reuters
2025/05/20
Geron Corporation Announces New Equity Awards for Employees Under 2018 Inducement Award Plan

Geron Corporation, a commercial stage biopharmaceutical company, has announced the issuance of equity awards to six newly hired employees as part of their compensation package. The awards include stock options for 274,000 shares and restricted stock units (RSUs) for 137,000 shares, totalling an aggregate of 411,000 shares of common stock. Granted on May 16, 2025, the stock options are priced at $1.27 per share, reflecting the closing price on the grant date, and have a 10-year term with a vesting schedule that begins six months after the start of employment. The RSUs vest annually, with 25% of the award becoming available each year, tied to continued employment. These inducement grants were approved by Geron's Compensation Committee in line with Nasdaq Listing Rule 5635(c)(4) and fall under the company's 2018 Inducement Award Plan.

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. Geron Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250519140965) on May 19, 2025, and is solely responsible for the information contained therein.

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