Twist Bioscience Corporation Announces Inducement Grants under NASDAQ Listing Rule 5635(c)(4)
07 Novembre 2024 - 10:05PM
Business Wire
As required by the rules of the Nasdaq Stock Market, Twist
Bioscience Corporation (NASDAQ: TWST) (“Twist” or the “Company”), a
company enabling customers to succeed through its offering of
high-quality synthetic DNA using its silicon platform, today
announced that it has granted a total of 147,800 equity awards,
consisting of 110,300 restricted stock units (“RSUs”) to 43
recently hired individuals and an individually negotiated award of
up to 37,500 performance stock units (“PSUs”) to Colby Souders, a
recently hired VP, in each case as an inducement material to their
acceptance of employment with Twist. The employment inducement
awards were granted under Twist’s Inducement Equity Incentive Plan
and related form of restricted stock award agreement in accordance
with Nasdaq Listing Rule 5635(c)(4).
The inducement plan is used exclusively for the grant of equity
awards to individuals who were not previously employees of Twist,
or following a bona fide period of non-employment, as an inducement
material to such individuals entering into employment with Twist,
pursuant to Nasdaq Listing Rule 5635(c)(4).
The 110,300 RSUs vest over a 48-month period for each employee
as follows: 25% vests on the one year anniversary of the start date
of the employee (the “Vesting Commencement Date”), and 1/16 of the
RSUs vest on each quarterly anniversary (or the last day of the
month if no such day exists) of the Vesting Commencement Date
thereafter, subject to the employee’s continued service through
each vesting date. The up to 37,500 PSUs vest on achievement of
certain performance metrics set by the Company’s Compensation
Committee for the second half of fiscal year 2024 through fiscal
year 2026 (which can be earned at 80%-150% of 100% target),
subject, in each case, to his continued service through the
applicable vesting dates.
About Twist Bioscience Corporation
Twist Bioscience is a leading and rapidly growing synthetic
biology and genomics company that has developed a disruptive DNA
synthesis platform to industrialize the engineering of biology. The
core of the platform is a proprietary technology that pioneers a
new method of manufacturing synthetic DNA by “writing” DNA on a
silicon chip. Twist is leveraging its unique technology to
manufacture a broad range of synthetic DNA-based products,
including synthetic genes, tools for next-generation sequencing
(NGS) preparation, and antibody libraries for drug discovery and
development. Twist is also pursuing longer-term opportunities in
digital data storage in DNA and biologics drug discovery. Twist
makes products for use across many industries including healthcare,
industrial chemicals, agriculture and academic research.
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version on businesswire.com: https://www.businesswire.com/news/home/20241107954437/en/
For Investors: Angela Bitting SVP, Corporate Affairs
925-202-6211 abitting@twistbioscience.com
For Media: Amanda Houlihan Communications Manager
774-265-5334 ahoulihan@twistbioscience.com
Grafico Azioni Twist Bioscience (NASDAQ:TWST)
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Da Dic 2024 a Gen 2025
Grafico Azioni Twist Bioscience (NASDAQ:TWST)
Storico
Da Gen 2024 a Gen 2025