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Schrödinger Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

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Schrödinger (SDGR) has granted restricted stock units (RSUs) for 4,840 shares of common stock to four newly hired employees on January 20, 2025. The grants were made under the company's 2021 Inducement Equity Incentive Plan and approved by the compensation committee in accordance with Nasdaq Listing Rule 5635(c)(4).

The RSUs feature a four-year vesting schedule: 25% vests after 12 months of continuous service from the vesting commencement date, followed by the remaining balance vesting in three equal yearly installments of 25% each. These inducement grants are governed by award agreements and the company's 2021 Inducement Equity Incentive Plan.

Schrödinger (SDGR) ha concesso unità di azioni vincolate (RSU) per 4.840 azioni ordinarie a quattro nuovi dipendenti assunti il 20 gennaio 2025. Le concessioni sono state effettuate nell'ambito del piano di incentivazione azionaria 2021 dell'azienda e approvate dal comitato per la compensazione in conformità con la regola 5635(c)(4) del Nasdaq.

Le RSU prevedono un programma di maturazione di quattro anni: il 25% matura dopo 12 mesi di servizio continuativo dalla data di inizio della maturazione, seguito dal saldo rimanente che matura in tre rate annuali uguali del 25% ciascuna. Queste concessioni di incentivo sono regolate da accordi di assegnazione e dal piano di incentivazione azionaria 2021 dell'azienda.

Schrödinger (SDGR) ha otorgado unidades restringidas de acciones (RSU) para 4,840 acciones ordinarias a cuatro nuevos empleados contratados el 20 de enero de 2025. Las concesiones se realizaron bajo el Plan de Incentivo de Capital por Inducción 2021 de la empresa y fueron aprobadas por el comité de compensación de acuerdo con la Regla de Listado 5635(c)(4) de Nasdaq.

Las RSU tienen un programa de adquisición de cuatro años: el 25% se adquiere después de 12 meses de servicio continuo a partir de la fecha de inicio de adquisición, seguido del saldo restante que se adquiere en tres cuotas anuales iguales del 25% cada una. Estas concesiones de inducción están regidas por acuerdos de otorgamiento y el Plan de Incentivo de Capital por Inducción 2021 de la empresa.

슈뢰딩거(SDGR)는 2025년 1월 20일에 새로 고용된 네 명의 직원에게 보통주 4,840주에 대한 제한 주식 유닛(RSU)을 부여했습니다. 이 부여는 회사의 2021 인센티브 주식 계획에 따라 이루어졌으며, 나스닥 상장 규칙 5635(c)(4)에 따라 보상 위원회에서 승인되었습니다.

RSU는 4년의 베스팅 일정을 특징으로 합니다: 12개월의 지속적인 서비스 후 25%가 베스트되고, 나머지 잔액은 각각 25%씩 3회의 동일한 연도 분할로 베스트됩니다. 이 유인 부여는 수여 계약과 회사의 2021 인센티브 주식 계획에 의해 관리됩니다.

Schrödinger (SDGR) a accordé des unités d'actions restreintes (RSU) représentant 4 840 actions ordinaires à quatre nouveaux employés engagés le 20 janvier 2025. Les attributions ont été effectuées dans le cadre du Plan d'Incitation Équité 2021 de l'entreprise et approuvées par le comité de rémunération conformément à la règle de cotation 5635(c)(4) de Nasdaq.

Les RSU ont un calendrier d'acquisition de quatre ans : 25 % deviennent acquis après 12 mois de service continu à partir de la date de début de l'acquisition, suivi du solde restant qui s'acquiert en trois versements annuels égaux de 25 % chacun. Ces attributions d'incitation sont régies par des accords d'attribution et le Plan d'Incitation Équité 2021 de l'entreprise.

Schrödinger (SDGR) hat vier neu eingestellten Mitarbeitern am 20. Januar 2025 beschränkte Aktieneinheiten (RSUs) für insgesamt 4.840 Stammaktien gewährt. Die Gewährungen erfolgten im Rahmen des Unternehmensplans für Anreizaktien 2021 und wurden vom Vergütungsausschuss gemäß der Nasdaq-Listing-Regel 5635(c)(4) genehmigt.

Die RSUs haben einen vierjährigen Vesting-Zeitraum: 25% werden nach 12 Monaten kontinuierlicher Dienstzeit ab dem Vesting-Beginndatum fällig, gefolgt von dem verbleibenden Saldo, der in drei gleichen jährlichen Raten von jeweils 25% fällig wird. Diese Induktionszuweisungen unterliegen den Zuweisungsvereinbarungen und dem Unternehmensplan für Anreizaktien 2021.

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NEW YORK--(BUSINESS WIRE)-- Schrödinger, Inc. (Nasdaq: SDGR) today reported that on January 20, 2025, the company granted restricted stock units (RSUs) with respect to 4,840 shares of the company’s common stock to four newly hired employees. These grants were made pursuant to the company’s 2021 Inducement Equity Incentive Plan, were approved by the compensation committee of the board of directors pursuant to a delegation by the company’s board of directors, and were made as a material inducement to such employees’ acceptance of employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of his or her employment compensation.

The RSUs vest over four years, with 25 percent of such RSUs vesting when such employee completes 12 months of continuous service measured from the vesting commencement date, and the balance of the RSUs vesting in a series of successive equal yearly installments of 1/4 of the original number of RSUs upon each such employee’s completion of each additional year of service over the three-year period following the first anniversary of the vesting commencement date.

The inducement grants are subject to the terms and conditions of award agreements covering the grants and the company’s 2021 Inducement Equity Incentive Plan.

About Schrödinger

Schrödinger is transforming molecular discovery with its computational platform, which enables the discovery of novel, highly optimized molecules for drug development and materials design. Schrödinger’s software platform is built on more than 30 years of R&D investment and is licensed by biotechnology, pharmaceutical and industrial companies, and academic institutions around the world. Schrödinger also leverages the platform to advance a portfolio of collaborative and proprietary programs and is advancing three clinical-stage oncology programs. Founded in 1990, Schrödinger has approximately 900 employees operating from 15 locations globally. To learn more, visit www.schrodinger.com, follow us on LinkedIn, or visit our blog, Extrapolations.com

Investor contact:

Allie Nicodemo

allie.nicodemo@schrodinger.com

Source: Schrödinger

FAQ

How many RSUs did Schrödinger (SDGR) grant in January 2025?

Schrödinger granted 4,840 RSUs to four newly hired employees on January 20, 2025.

What is the vesting schedule for SDGR's January 2025 RSU grants?

The RSUs vest over four years, with 25% vesting after 12 months of continuous service and the remaining 75% vesting in three equal yearly installments of 25% each.

Under which plan were SDGR's January 2025 RSU grants issued?

The RSUs were granted under Schrödinger's 2021 Inducement Equity Incentive Plan.

What Nasdaq rule governs SDGR's January 2025 inducement grants?

The inducement grants were made in accordance with Nasdaq Listing Rule 5635(c)(4).

Schrodinger, Inc.

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