Compass Pathways Grants Equity Awards to 11 Employees
The awards include options and restricted share units, with vesting schedules tied to continued employment.
Compass Pathways announced equity awards for one senior leader and ten newly hired non-executive employees under its 2026 Inducement Plan. The awards were granted on September 30 and October 1, respectively.
The senior leader received options covering 121,800 shares and restricted share units covering 58,000 shares. The options have an exercise price of $12.44 per share.
The ten new employees received options covering 97,100 shares and restricted share units covering 46,200 shares. For employees in the United Kingdom, the latter awards are nominal cost options. The options have an exercise price of $11.95, the closing price of Compass’s American Depositary Shares on the grant date.
The options vest over four years, with 25% vesting after one year and the rest in monthly installments over the following three years. Restricted share units and nominal cost options vest in four equal annual installments. All vesting depends on continued employment.
Compass said its Compensation and Leadership Development Committee approved the awards under Nasdaq Listing Rule 5635(c)(4). The company described them as material inducements to the employees’ hiring.
This article was produced with the help of AI technology.
Source: Yahoo Finance
