ANDOVER,
Mass., May 17, 2024 /PRNewswire/ -- TransMedics
Group, Inc. ("TransMedics") (Nasdaq: TMDX), a medical technology
company that is transforming organ transplant therapy for patients
with end-stage lung, heart, and liver failure, today announced
that on May 14, 2024, TransMedics
granted non-qualified stock options to purchase an aggregate of
18,320 shares of its common stock and an aggregate of 12,068
restricted stock units to 8 employees, each as a material
inducement for each employee's entry into employment with
TransMedics. The grants were approved by the Compensation Committee
of the TransMedics Board of Directors and were granted in
accordance with Nasdaq Listing Rule 5635(c)(4) and pursuant to the
TransMedics Group, Inc. Inducement Plan.
TransMedics granted non-qualified stock options to purchase
18,320 shares of TransMedics' common stock and 12,068 restricted
stock units in the aggregate. The stock options were granted with a
per share exercise price of $132.44,
the closing price of the common stock on the Nasdaq Global Market
on May 14, 2024. Twenty-five percent
of the shares subject to each option will vest on the first yearly
anniversary of the date of the employee's start of employment, with
the remainder vesting in equal monthly installments over the
subsequent three year period, subject to the employee's continued
service with the Company through the applicable vesting date. The
options have a 10-year term and are subject to the terms of the
TransMedics Group, Inc. Inducement Plan. Twenty-five percent of
each restricted stock unit award will vest on the first four
anniversaries of the date of the employee's start of employment,
subject to the employee's continued service with the Company
through the applicable vesting date. The restricted stock units are
subject to the terms of the TransMedics Group, Inc. Inducement
Plan.
About TransMedics Group, Inc.
TransMedics is the
world's leader in portable extracorporeal warm perfusion and
assessment of donor organs for transplantation. Headquartered in
Andover, Massachusetts, the
company was founded to address the unmet need for more and better
organs for transplantation and has developed technologies to
preserve organ quality, assess organ viability prior to transplant,
and potentially increase the utilization of donor organs for the
treatment of end-stage heart, lung, and liver failure.
Investor Contact:
Brian
Johnston
332-895-3222
Investors@transmedics.com
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SOURCE TransMedics Group, Inc.