electroCore Announces Inducement Grant under NASDAQ Listing Rule 5635(c)(4)
electroCore (NASDAQ: ECOR) announced the appointment of Thomas Freeburg as VP, Corporate Controller, effective November 11, 2024. The company's Compensation Committee granted him 5,000 restricted stock units (RSUs) as an inducement for employment under NASDAQ Listing Rule 5635(c)(4). The RSUs will vest equally over three years, with 33% vesting on each anniversary of the grant date, contingent on continued employment. Upon vesting, the RSUs will convert to common stock shares.
electroCore (NASDAQ: ECOR) ha annunciato la nomina di Thomas Freeburg come VP, Corporate Controller, a partire dall'11 novembre 2024. Il Comitato per la Compensazione dell'azienda gli ha concesso 5.000 unità di azioni riservate (RSU) come incentivo per l'impiego in conformità con la Regola di quotazione NASDAQ 5635(c)(4). Le RSU verranno maturate in modo uniforme nell'arco di tre anni, con il 33% che matura ad ogni anniversario della data di concessione, a condizione che l'impiego continui. Alla scadenza, le RSU si trasformeranno in azioni ordinarie.
electroCore (NASDAQ: ECOR) anunció el nombramiento de Thomas Freeburg como VP, Controlador Corporativo, efectivo a partir del 11 de noviembre de 2024. El Comité de Compensación de la empresa le otorgó 5,000 unidades de acciones restringidas (RSUs) como incentivo para su empleo bajo la Regla de Cotización 5635(c)(4) de NASDAQ. Las RSUs se consolidarán de manera uniforme durante tres años, con el 33% consolidándose en cada aniversario de la fecha de otorgamiento, condicionado a la continuidad del empleo. Al consolidarse, las RSUs se convertirán en acciones ordinarias.
electroCore (NASDAQ: ECOR)는 2024년 11월 11일부터 발효되는 Thomas Freeburg를 VP, Corporate Controller로 임명했다고 발표했습니다. 회사의 보상 위원회는 NASDAQ 상장 규칙 5635(c)(4)에 따라 그의 고용 유도를 위해 5,000개의 제한 주식 단위(RSU)를 부여했습니다. RSU는 3년에 걸쳐 균등하게 분할되어 각각의 부여 날짜 기념일에 33%씩 매년 귀속되며, 지속적인 고용에 조건부입니다. 귀속 시 RSU는 보통 주식으로 전환됩니다.
electroCore (NASDAQ: ECOR) a annoncé la nomination de Thomas Freeburg en tant que VP, Contrôleur de l'entreprise, à compter du 11 novembre 2024. Le comité de rémunération de la société lui a accordé 5 000 unités d'actions restreintes (RSU) en tant qu'incitation à l'emploi conformément à la règle de cotation NASDAQ 5635(c)(4). Les RSU seront acquises de manière égale sur trois ans, avec 33 % acquis à chaque anniversaire de la date de concession, sous condition de l'emploi continu. Lorsqu'elles seront acquises, les RSU seront converties en actions ordinaires.
electroCore (NASDAQ: ECOR) hat die Ernennung von Thomas Freeburg als VP, Corporate Controller, mit Wirkung zum 11. November 2024 bekannt gegeben. Der Vergütungsausschuss des Unternehmens hat ihm 5.000 eingeschränkte Aktieneinheiten (RSUs) als Anreiz für die Beschäftigung gemäß der NASDAQ-Listing-Regel 5635(c)(4) gewährt. Die RSUs werden gleichmäßig über drei Jahre vesten, wobei 33 % an jedem Jahrestag des Gewährungstermins vesten, abhängig von der fortgesetzten Beschäftigung. Nach dem Vesten werden die RSUs in Stammaktien umgewandelt.
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ROCKAWAY, N.J., Nov. 08, 2024 (GLOBE NEWSWIRE) -- electroCore, Inc. (the “Company”), (NASDAQ: ECOR), a commercial-stage bioelectronic medicine and wellness company, today announced that Thomas Freeburg will join electroCore, effective November 11, 2024, as the Company’s VP, Corporate Controller. The Compensation Committee of electroCore’s Board of Directors granted 5,000 restricted stock units (“RSUs”) to Mr. Freeburg in connection with the commencement of his employment. The RSUs were granted as an inducement material to Mr. Freeburg’s commencement of employment pursuant to NASDAQ Listing Rule 5635(c)(4).
About electroCore, Inc.
electroCore, Inc. is a commercial stage bioelectronic medicine and wellness company dedicated to improving health and promoting general wellness through its non-invasive vagus nerve stimulation (“nVNS”) technology platform. The company’s is focused on the commercialization of medical devices for the management and treatment of certain medical conditions and consumer product offerings utilizing nVNS to promote general wellbeing and human performance in the United States and select overseas markets.
For more information, visit www.electrocore.com.
Contact:
ECOR Investor Relations
(973) 302-9253
investors@electrocore.com
FAQ
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