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Nevro Announces New Employee Inducement Grants Under NYSE Rule 303A.08

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Nevro Corp. (NYSE: NVRO), a global medical device company specializing in chronic pain treatment solutions, has announced new employee inducement grants. On October 7, 2024, the company's Compensation Committee granted restricted stock unit awards covering 26,088 shares of Nevro's common stock to five new non-executive employees. These awards, granted under the Nevro Corp. 2023 Inducement Award Plan, are designed to induce the recipients to accept employment with Nevro.

The awards vest over a three-year period, contingent on continued employment with Nevro through each vesting date. These grants were made in accordance with the NYSE Listed Company Manual Rule 303A.08 as material inducements to employment. Nevro also encourages investors to regularly check their website's 'Investor Relations' section for important company information.

Nevro Corp. (NYSE: NVRO), un'azienda globale di dispositivi medici specializzata in soluzioni per il trattamento del dolore cronico, ha annunciato nuove assegnazioni di incentivo per i dipendenti. Il 7 ottobre 2024, il Comitato per la Compensazione dell'azienda ha concesso premi in azioni vincolate per un totale di 26.088 azioni delle azioni ordinarie di Nevro a cinque nuovi dipendenti non esecutivi. Questi premi, concessi nell'ambito del Piano di Assegnazione per Incentivi 2023 di Nevro Corp., sono progettati per indurre i destinatari ad accettare un impiego con Nevro.

I premi maturano in un periodo di tre anni, a condizione di un'occupazione continua con Nevro fino a ciascuna data di maturazione. Queste assegnazioni sono state effettuate conformemente alla Regola 303A.08 del Manuale delle Aziende quotate NYSE come incentivi materiali all'occupazione. Nevro incoraggia inoltre gli investitori a controllare regolarmente la sezione 'Relazioni con gli Investitori' del proprio sito web per informazioni importanti sull'azienda.

Nevro Corp. (NYSE: NVRO), una empresa global de dispositivos médicos especializada en soluciones para el tratamiento del dolor crónico, ha anunciado nuevas concesiones de incentivos para empleados. El 7 de octubre de 2024, el Comité de Compensación de la empresa otorgó premios en acciones restringidas por un total de 26,088 acciones de las acciones ordinarias de Nevro a cinco nuevos empleados no ejecutivos. Estos premios, concedidos bajo el Plan de Premios por Incentivos 2023 de Nevro Corp., están diseñados para inducir a los beneficiarios a aceptar un empleo con Nevro.

Los premios se consolidan durante un período de tres años, condicionado a la continuación del empleo con Nevro hasta cada fecha de consolidación. Estas concesiones se realizaron de acuerdo con la Regla 303A.08 del Manual de Empresas Cotizadas de NYSE como incentivos materiales para el empleo. Nevro también anima a los inversores a revisar regularmente la sección de 'Relaciones con Inversores' en su sitio web para obtener información importante sobre la empresa.

네브로Corp.(NYSE: NVRO)는 만성 통증 치료 솔루션에 특화된 글로벌 의료 기기 회사로, 신규 직원 유인 보상을 발표했습니다. 2024년 10월 7일, 회사의 보상위원회는 26,088주의 네브로 일반주에 대한 제한 주식 단위를 5명의 신규 비상무 직원에게 부여했습니다. 이 보상은 네브로 Corp. 2023 유인 보상 계획에 따라 제공되며, 수혜자들이 네브로에 취업하도록 유도하기 위해 설계되었습니다.

이 보상은 3년 기간 동안 유효하며, 각 출 vesting 날짜까지 네브로에서의 지속적인 고용에 따라 다릅니다. 이 보상은 NYSE 상장 회사 매뉴얼 제303A.08 규정에 따라 고용에 대한 실질적인 유인으로 이루어졌습니다. 네브로는 또한 투자자들이 중요한 회사 정보를 위해 자신들의 웹사이트 '투자자 관계' 섹션을 주기적으로 확인할 것을 권장합니다.

Nevro Corp. (NYSE: NVRO), une entreprise mondiale de dispositifs médicaux spécialisée dans les solutions de traitement de la douleur chronique, a annoncé de nouvelles attributions d'incitation pour les employés. Le 7 octobre 2024, le Comité de Rémunération de l'entreprise a accordé des unités d'actions restreintes représentant 26 088 actions des actions ordinaires de Nevro à cinq nouveaux employés non-exécutifs. Ces attributions, accordées dans le cadre du Plan d'Attribution des Incitations 2023 de Nevro Corp., est conçue pour inciter les bénéficiaires à accepter un emploi chez Nevro.

Les attributions sont acquises sur une période de trois ans, sous réserve d'un emploi continu avec Nevro jusqu'à chaque date d'acquisition. Ces attributions ont été effectuées conformément à la Règle 303A.08 du Manuel des Sociétés Cotées de la NYSE comme des incitations matérielles à l'emploi. Nevro encourage également les investisseurs à consulter régulièrement la section 'Relations avec les Investisseurs' de son site internet pour des informations importantes concernant l'entreprise.

Nevro Corp. (NYSE: NVRO), ein globales Unternehmen für medizinische Geräte, das sich auf Lösungen zur Behandlung chronischer Schmerzen spezialisiert hat, hat neue Anreizvergabe für Mitarbeiter angekündigt. Am 7. Oktober 2024 gewährte das Vergütungskomitee des Unternehmens beschränkte Aktienoptionsvergaben für 26.088 Aktien der Stammaktien von Nevro an fünf neue nicht-executive Mitarbeiter. Diese Vergaben, die im Rahmen des Nevro Corp. 2023 Incentive Award Plan erfolgen, sind dazu gedacht, die Empfänger zu bewegen, eine Anstellung bei Nevro anzunehmen.

Die Vergaben werden über einen drei Jahre Zeitraum hinweg fällig, vorausgesetzt, dass die Beschäftigung bei Nevro bis zu jedem Fälligkeitsdatum fortgesetzt wird. Diese Zuschüsse wurden gemäß den Regelungen des NYSE Listed Company Manual Regel 303A.08 als wesentliche Anreize zur Beschäftigung vergeben. Nevro ermutigt auch die Investoren, regelmäßig den 'Investor Relations'-Bereich ihrer Website auf wichtige Unternehmensinformationen zu überprüfen.

Positive
  • Nevro is actively recruiting new talent, potentially strengthening its workforce
  • The company is using stock-based compensation to attract employees, aligning their interests with shareholders
Negative
  • The issuance of new shares for employee compensation may lead to slight shareholder dilution

REDWOOD CITY, Calif., Oct. 16, 2024 /PRNewswire/ -- Nevro Corp. (NYSE: NVRO), a global medical device company that is delivering comprehensive, life-changing solutions for the treatment of chronic pain, announced that on October 7, 2024, the Compensation Committee of the Company's Board of Directors granted inducement restricted stock unit awards covering 26,088 shares of Nevro's common stock to five new non-executive employees to induce them to accept employment with Nevro. Each award was granted under the Nevro Corp. 2023 Inducement Award Plan and vests over a three-year period, subject to continued employment with Nevro through each vesting date.

Each award was granted as a material inducement to employment in accordance with the NYSE Listed Company Manual Rule 303A.08.

Internet Posting of Information

Nevro routinely posts information that may be important to investors in the "Investor Relations" section of its website at www.nevro.com. The company encourages investors and potential investors to consult the Nevro website regularly for important information about Nevro.

About Nevro

Headquartered in Redwood City, California, Nevro is a global medical device company focused on delivering comprehensive, life-changing solutions that continue to set the standard for enduring patient outcomes in chronic pain treatment. The company started with a simple mission to help more patients suffering from debilitating pain and developed its proprietary 10 kHz Therapy™, an evidence-based, non-pharmacologic innovation that has impacted the lives of more than 100,000 patients globally. Nevro's comprehensive HFX™ spinal cord stimulation (SCS) platform includes a Senza SCS system and support services for the treatment of chronic pain of the trunk and limb and painful diabetic neuropathy.

Senza®, Senza II®, Senza Omnia™, and HFX iQ are the only SCS systems that deliver Nevro's proprietary 10 kHz Therapy. Nevro's unique support services provide every patient with an HFX Coach™ throughout their pain relief journey and every physician with Nevrocloud™ insights for enhanced patient and practice management.

SENZA, SENZA II, SENZA OMNIA, OMNIA, HF10, the HF10 logo, 10 kHz Therapy, HFX, the HFX logo, HFX iQ, the HFX iQ logo, HFX Algorithm, HFX CONNECT, the HFX Connect logo, HFX ACCESS, the HFX Access logo, HFX COACH, the HFX Coach logo,  Nevrocloud, RELIEF MULTIPLIED, HFX AdaptivAI, the X logo, NEVRO, and the NEVRO logo are trademarks or registered trademarks of Nevro Corp. Patents covering Senza HFX iQ and other Nevro products are listed at Nevro.com/patents. Bluetooth® and the Bluetooth symbol are registered trademarks of their respective owners.

To learn more about Nevro, connect with us on LinkedIn, X, Facebook, and Instagram.

Investor and Media Contact:
Angie McCabe
Vice President, Investor Relations & Corporate Communications
angeline.mccabe@nevro.com

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SOURCE Nevro Corp.

FAQ

How many shares of Nevro (NVRO) stock were granted in the employee inducement awards?

Nevro granted restricted stock unit awards covering 26,088 shares of its common stock to five new non-executive employees.

What is the vesting period for Nevro's (NVRO) new employee inducement grants?

The restricted stock unit awards vest over a three-year period, subject to continued employment with Nevro through each vesting date.

Under which plan were Nevro's (NVRO) new employee inducement grants made?

The awards were granted under the Nevro Corp. 2023 Inducement Award Plan.

What NYSE rule did Nevro (NVRO) follow for granting these inducement awards?

Nevro granted these awards in accordance with the NYSE Listed Company Manual Rule 303A.08 as material inducements to employment.

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