Acadia Pharmaceuticals Inc. (ACAD) granted inducement awards of non-qualified stock options and restricted stock units to seventeen new employees under its 2023 Inducement Plan. The awards include 111,823 stock options and 34,087 RSUs, with specific vesting schedules tied to the employees' continued service relationship. Each stock option has an exercise price of $25.18 per share, with vesting over four years, while the RSUs vest over four years as well. The awards were approved by the Compensation Committee as inducements for the new employees' employment.
https://www.businesswire.com/news/home/20240221261241/en/
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