Insight Molecular Diagnostics Grants Stock Options to Executive Team, Amends Chief Science Officer's Employment Agreement
Insight Molecular Diagnostics Inc. has announced new compensation terms for key executives, including the granting of stock options under the company's Amended and Restated 2018 Equity Incentive Plan. President and CEO Josh Riggs received options to purchase 400,000 shares of common stock. Chief Financial Officer Andrea James and Chief Science Officer Dr. Ekkehard Schütz each received options for 235,000 shares, while Vice President of Accounting James Liu received options for 18,000 shares. The options, with an exercise price of $3.33 per share, will vest over three years-one-third on the first anniversary of the grant date and the remainder in equal monthly installments over the following two years. Additionally, the company amended Dr. Schütz's employment agreement to provide for an indefinite term, replacing the previous four-year term.
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