TransMedics Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
On November 2, 2022, TransMedics Group, Inc. (NASDAQ: TMDX) announced the granting of non-qualified stock options for 138,400 shares to six new employees as an inducement for their employment. This was approved by the Compensation Committee in compliance with Nasdaq Listing Rule 5635(c)(4). Each option has an exercise price of $46.36, reflecting the stock's closing price on the grant date. Vesting will occur at 25% after one year, with the remainder vesting monthly over three years, tied to continued employment.
- Granting stock options may enhance employee retention and motivation.
- The option exercise price aligns with the market value, suggesting fair compensation.
- None.
ANDOVER, Mass., Nov. 7, 2022 /PRNewswire/ -- TransMedics Group, Inc. ("TransMedics") (NASDAQ: TMDX), a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart, and liver failure, today announced that on November 2, 2022, TransMedics granted non-qualified stock options to purchase an aggregate of 138,400 shares of its common stock to six employees as a material inducement for each employee's entry into employment with TransMedics. The options were approved by the Compensation Committee of the TransMedics Board of Directors and were granted in accordance with Nasdaq Listing Rule 5635(c)(4) and pursuant to the TransMedics Group, Inc. Inducement Plan.
TransMedics granted non-qualified stock options to six new employees to purchase 138,400 shares of TransMedics' common stock in the aggregate. The stock options were granted with a per share exercise price of
TransMedics is the world's leader in portable extracorporeal warm perfusion and assessment of donor organs for transplantation. Headquartered in Andover, Massachusetts, the company was founded to address the unmet need for more and better organs for transplantation and has developed technologies to preserve organ quality, assess organ viability prior to transplant, and potentially increase the utilization of donor organs for the treatment of end-stage heart, lung, and liver failure.
Investor Contact:
Brian Johnston
332-895-3222
Investors@transmedics.com
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SOURCE TransMedics Group, Inc.
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