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Delcath Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

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Delcath Systems, Inc. (Nasdaq: DCTH), an interventional oncology company focused on liver cancer treatment, has announced the granting of equity awards to three new employees. These awards, approved by the Company's Compensation Committee, were granted as a material inducement to employment for individuals who joined in August 2024.

The grants include options to purchase a total of 46,000 shares of Delcath's common stock, subject to the terms of the Company's 2023 Inducement Plan. The options were granted on August 30, 2024, with an exercise price of $11.00 per share, matching the closing price of Delcath's stock on that date.

The vesting schedule for these options is as follows: one-third will vest on the first anniversary of the grant date, with the remaining two-thirds vesting in equal monthly installments over the subsequent 24 months. The options have a ten-year term, and vesting is contingent upon continued employment with Delcath. These awards were granted in accordance with Nasdaq Listing Rule 5635(c)(4).

Delcath Systems, Inc. (Nasdaq: DCTH), un'azienda di oncologia interventistica focalizzata sul trattamento del cancro al fegato, ha annunciato l'assegnazione di premi azionari a tre nuovi dipendenti. Questi premi, approvati dal Comitato per la Compensazione dell'Azienda, sono stati concessi come incentivo materiale all'occupazione per individui che si sono uniti nel mese di agosto 2024.

Le assegnazioni comprendono opzioni per acquistare un totale di 46.000 azioni delle azioni ordinarie di Delcath, soggette ai termini del Piano di Induzione 2023 dell'Azienda. Le opzioni sono state concesse il 30 agosto 2024, con un prezzo di esercizio di $11,00 per azione, in linea con il prezzo di chiusura delle azioni di Delcath in quella data.

Il piano di maturazione per queste opzioni è il seguente: un terzo maturerà al primo anniversario della data di concessione, con i restanti due terzi che matureranno in rate mensili uguali nei successivi 24 mesi. Le opzioni hanno una durata di dieci anni e la maturazione è subordinata al mantenimento dell'occupazione con Delcath. Questi premi sono stati concessi in conformità con la Regola di Quotazione Nasdaq 5635(c)(4).

Delcath Systems, Inc. (Nasdaq: DCTH), una empresa de oncología intervencionista centrada en el tratamiento del cáncer de hígado, ha anunciado la concesión de premios en acciones a tres nuevos empleados. Estos premios, aprobados por el Comité de Compensación de la Compañía, se otorgaron como un incentivo material para la contratación de individuos que se unieron en agosto de 2024.

Las concesiones incluyen opciones para comprar un total de 46,000 acciones de las acciones comunes de Delcath, sujetas a los términos del Plan de Inducción 2023 de la Compañía. Las opciones se otorgaron el 30 de agosto de 2024, con un precio de ejercicio de $11.00 por acción, coincidiendo con el precio de cierre de las acciones de Delcath en esa fecha.

El cronograma de adquisición para estas opciones es el siguiente: un tercio se adquirirá en el primer aniversario de la fecha de concesión, con los dos tercios restantes adquiriéndose en cuotas mensuales iguales durante los siguientes 24 meses. Las opciones tienen un plazo de diez años y la adquisición está sujeta a la continuación del empleo con Delcath. Estos premios se otorgaron de acuerdo con la Regla de Listado de Nasdaq 5635(c)(4).

Delcath Systems, Inc. (Nasdaq: DCTH), 간암 치료에 중점을 둔 개입 온콜로지 회사가 세 명의 신입 직원에게 주식 보상 지급을 발표했습니다. 이 보상은 회사의 보상 위원회에서 승인되었으며, 2024년 8월에 입사한 개인을 위한 고용 유인으로 지급되었습니다.

지급된 항목은 Delcath의 보통주 46,000주를 구입할 수 있는 옵션을 포함하며, 이는 회사의 2023년 유인 계획의 조건에 따릅니다. 옵션은 2024년 8월 30일에 부여되었으며, 주당 행사 가격은 $11.00로, 해당 날짜의 Delcath 주식 종가와 일치합니다.

이 옵션의 베스팅 일정은 다음과 같습니다: 1년 기념일에 1/3이 베스트되고, 나머지 2/3는 이후 24개월 동안 매달 동등하게 베스트됩니다. 이 옵션은 10년 기간을 가지며, 베스팅은 Delcath와의 지속적인 고용에 따라 결정됩니다. 이러한 보상은 Nasdaq 상장 규칙 5635(c)(4)에 따라 지급되었습니다.

Delcath Systems, Inc. (Nasdaq: DCTH), une entreprise d'oncologie interventionnelle axée sur le traitement du cancer du foie, a annoncé l'octroi de récompenses en actions à trois nouveaux employés. Ces récompenses, approuvées par le Comité de Rémunération de la Société, ont été accordées comme un incitatif matériel à l'emploi pour les individus qui ont rejoint en août 2024.

Les octrois comprennent des options d'achat d'un total de 46 000 actions des actions ordinaires de Delcath, sous réserve des conditions du Plan d'Induction 2023 de la Société. Les options ont été accordées le 30 août 2024, avec un prix d'exercice de 11,00 $ par action, correspondant au prix de clôture des actions de Delcath à cette date.

Le calendrier d'acquisition de ces options est le suivant : un tiers sera acquis à la première anniversaire de la date d'octroi, les deux tiers restants seront acquis par versements mensuels égaux au cours des 24 mois suivants. Les options ont une durée de dix ans et l'acquisition est conditionnée par la poursuite de l'emploi chez Delcath. Ces récompenses ont été accordées conformément à la règle de cotation Nasdaq 5635(c)(4).

Delcath Systems, Inc. (Nasdaq: DCTH), ein auf interventionale Onkologie fokussiertes Unternehmen, das sich auf die Behandlung von Leberkrebs spezialisiert hat, hat die Gewährung von Aktienzuwendungen an drei neue Mitarbeiter bekannt gegeben. Diese Zuwendungen, die vom Vergütungsausschuss des Unternehmens genehmigt wurden, wurden als materieller Anreiz für die Anstellung von Personen gewährt, die im August 2024 beigetreten sind.

Die Zuwendungen umfassen Optionen zum Kauf von insgesamt 46.000 Aktien der Stammaktien von Delcath, die den Bedingungen des Induktionsplans 2023 des Unternehmens unterliegen. Die Optionen wurden am 30. August 2024 gewährt, mit einem Ausübungspreis von 11,00 $ pro Aktie, was dem Schlusskurs der Delcath-Aktien an diesem Tag entspricht.

Der Vesting-Zeitplan für diese Optionen ist wie folgt: Ein Drittel wird am ersten Jahrestag des Zuwendungsdatums fällig, während die verbleibenden zwei Drittel in gleichen monatlichen Raten über die nächsten 24 Monate fällig werden. Die Optionen haben eine Zehnjahres-Laufzeit und der Vesting ist von einer fortgesetzten Anstellung bei Delcath abhängig. Diese Zuwendungen wurden gemäß der Nasdaq-Listing-Regel 5635(c)(4) gewährt.

Positive
  • Attraction of new talent with equity incentives
  • Alignment of employee interests with company performance through stock options
Negative
  • Potential dilution of existing shareholders' equity

QUEENSBURY, N.Y.--(BUSINESS WIRE)-- Delcath Systems, Inc. (Nasdaq: DCTH) (the “Company” or “Delcath”), an interventional oncology company focused on the treatment of primary and metastatic cancers of the liver, announces that the Company granted three equity awards, previously approved by the Company’s Compensation Committee, as a material inducement to the employment of three individuals whose employment commenced in August 2024.

The grants totaled the right to purchase an aggregate of 46,000 shares of the Company’s common stock and are subject to the terms and conditions of the Company’s 2023 Inducement Plan (“Plan”). The options were granted on August 30, 2024, the date the Compensation Committee approved the stock option included within the equity inducement and are subject to an exercise price equal to $11.00, the closing price of Delcath’s common stock on August 30, 2024. For each equity award, one-third of the options will vest on the first anniversary of the grant date with the remaining two-thirds of the options vesting in equal monthly installments over the following twenty-four months. The options have a ten-year term and the vesting of the options is subject to the employee’s continued employment with Delcath on each vesting date.

The above-described awards were each granted in accordance with Nasdaq Listing Rule 5635(c)(4), and were granted pursuant to the terms of the Plan.

About Delcath Systems, Inc.

Delcath Systems, Inc. is an interventional oncology company focused on the treatment of primary and metastatic liver cancers. The Company’s proprietary products, HEPZATO KIT™ (melphalan for Injection/Hepatic Delivery System), approved for use in the United States by the Food and Drug Administration, and CHEMOSAT Hepatic Delivery System for Melphalan percutaneous hepatic perfusion (PHP), designated under the medical device regulation for use in Europe and the United Kingdom, are designed to administer high-dose chemotherapy to the liver while controlling systemic exposure and associated side effects during a PHP procedure. For more information regarding HEPZATO KIT and its use, including Important Safety Information and Boxed Warning, please visit HEPZATOKIT.com. For more information regarding CHEMOSAT and its use, please visit Chemosat.com.

Investor Relations:

ICR Westwicke

investorrelations@delcath.com

Source: Delcath Systems, Inc.

FAQ

How many shares of Delcath Systems (DCTH) were granted as equity awards in August 2024?

Delcath Systems (DCTH) granted options to purchase an aggregate of 46,000 shares of the Company's common stock as equity awards in August 2024.

What is the exercise price for the stock options granted by Delcath Systems (DCTH) on August 30, 2024?

The exercise price for the stock options granted by Delcath Systems (DCTH) on August 30, 2024, is $11.00, which was equal to the closing price of Delcath's common stock on that date.

What is the vesting schedule for the equity awards granted by Delcath Systems (DCTH) in August 2024?

The vesting schedule for the equity awards is: one-third of the options will vest on the first anniversary of the grant date, with the remaining two-thirds vesting in equal monthly installments over the following 24 months.

Under which Nasdaq rule were the equity awards granted by Delcath Systems (DCTH)?

The equity awards were granted by Delcath Systems (DCTH) in accordance with Nasdaq Listing Rule 5635(c)(4).

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