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Evolus Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
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Evolus, Inc. grants 15,101 restricted stock units to 7 new non-executive employees under the 2023 Inducement Incentive Plan. The RSUs vest annually starting from February 7, 2024, subject to employment conditions.
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Evolus, Inc. (NASDAQ: EOLS), a performance beauty company with a focus on building an aesthetic portfolio of consumer brands, today reported the grant of an aggregate of 15,101 restricted stock units (RSUs) of the company’s common stock to 7 newly hired non-executive employees of the company. The awards were approved by the compensation committee of the company’s board of directors under Evolus’ 2023 Inducement Incentive Plan, with a grant date and a vesting commencement date of February 7, 2024, as an inducement material to the new employees entering into employment with Evolus in accordance with Nasdaq Listing Rule 5635(c)(4).
The RSUs vest 25% on each annual anniversary of the vesting commencement date. The awards are subject to the terms and conditions of the 2023 Inducement Incentive Plan and the terms and conditions of the RSU agreement covering the grant, including requirements to remain continuously employed on each vesting date.
About Evolus, Inc.
Evolus (Nasdaq: EOLS) is a performance beauty company evolving the aesthetic neurotoxin market for the next generation of beauty consumers through its unique, customer-centric business model and innovative digital platform. Our mission is to become a global, multi-product aesthetics company based on our flagship product, Jeuveau® (prabotulinumtoxinA-xvfs), globally licensed under the brand name Nuceiva®. The product is manufactured in a state-of-the-art facility using Hi-Pure™ technology. Evolus is expanding its product portfolio having entered into a definitive agreement to be the exclusive U.S. distributor of Evolysse™, a line of five unique dermal fillers currently in late-stage development. Visit us at www.evolus.com, and follow us on LinkedIn, X, Instagram or Facebook.
Jeuveau®, Nuceiva®, and Evolysse™ are trademarks of Evolus, Inc.
Hi-Pure™ is a trademark of Daewoong Pharmaceutical Co, Ltd.
Estyme® is a trademark of Symatese Aesthetics S.A.S.
How many restricted stock units were granted to new employees by Evolus, Inc.?
Evolus, Inc. granted 15,101 restricted stock units to 7 newly hired non-executive employees.
Under which plan were the awards approved by Evolus, Inc.'s board of directors?
The awards were approved under Evolus' 2023 Inducement Incentive Plan.
When do the RSUs granted by Evolus, Inc. start vesting?
The RSUs vest 25% on each annual anniversary of the vesting commencement date, starting from February 7, 2024.
What are the conditions for the RSU awards granted by Evolus, Inc.?
The awards are subject to the terms and conditions of the 2023 Inducement Incentive Plan and the RSU agreement, including requirements for continuous employment on each vesting date.
