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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.