Virgin Galactic Holdings Inc. has announced the approval of a new compensation plan under its Amended and Restated 2023 Employment Inducement Incentive Award Plan. The Compensation Committee of the company's Board of Directors has granted a time-based inducement restricted stock unit award consisting of 30,096 shares of Virgin Galactic common stock to a new non-executive employee. This award, effective June 15, 2025, 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 on the employee's continued service with the company. This grant aligns with the NYSE Listing Rule 303A.08.
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