Geron Corporation Announces New Equity Award Plan for Newly Hired Employees

Reuters

06-19

Geron Corporation Announces New Equity Award Plan for Newly Hired Employees

FOSTER CITY, Calif.-Geron Corporation (Nasdaq: GERN), a commercial stage biopharmaceutical company, has announced new compensation terms involving equity awards to 16 newly hired employees. The company has granted stock options for a total of 744,000 shares of common stock, alongside restricted stock units (RSUs) representing 372,000 shares. Granted on June 17, 2025, the stock options come with an exercise price of $1.45 per share, matching the closing price on the grant date. These options have a ten-year term, with vesting over four years. Similarly, the RSUs will vest annually over four years. These awards were sanctioned 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: 20250618000720) on June 18, 2025, and is solely responsible for the information contained therein.

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