- Virgin Galactic (SPCE, Financial) grants 9,175 shares of common stock to a new non-executive employee.
- The award follows a four-year vesting schedule, adhering to NYSE Rule 303A.08.
- Effective starting April 15, 2025, under the 2023 Employment Inducement Incentive Award Plan.
Virgin Galactic Holdings, Inc. (SPCE) has announced the approval by its Compensation Committee of an inducement restricted stock unit award consisting of 9,175 shares of its common stock. This grant is aimed at a new non-executive employee, effective as of April 15, 2025.
The award aligns with Virgin Galactic's 2023 Employment Inducement Incentive Award Plan and serves as a motivational tool under the guidelines of NYSE Listing Rule 303A.08. The vesting schedule is structured over four years, with 25% of the shares vesting after the first year. The remaining 75% will vest over the subsequent 12 quarters, contingent on the employee's continued service with the company.
Virgin Galactic continues to pioneer in the aerospace sector, offering space travel experiences for private individuals, researchers, and governments. The company's next-generation spacecraft and high-altitude carrier aircraft are designed to scale operations and drive profitability by increasing the frequency of human spaceflights at a competitive cost. More information about Virgin Galactic can be found at their official website.
