OCUL - Ocular Therapeutix™ Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) | Benzinga
BEDFORD, Mass., July 18, 2024 (GLOBE NEWSWIRE) -- Ocular Therapeutix, Inc. (NASDAQ:OCUL) ("Ocular"), a biopharmaceutical company committed to enhancing people's vision and quality of life through the development and commercialization of innovative therapies for wet age-related macular degeneration (wet AMD), diabetic retinopathy, and other diseases and conditions of the eye, today announced that it has agreed to grant inducement awards to its newly appointed Senior Vice President, Chief of Staff, Chad Clatterbaugh. The awards were made as inducements material to Mr. Clatterbaugh's acceptance of employment with Ocular under Ocular's 2019 Inducement Stock Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4).
Mr. Clatterbaugh's inducement awards were granted effective as of July 12, 2024. Mr. Clatterbaugh's inducement awards consist of (i) a non-statutory stock option to purchase up to 110,000 shares of Ocular's common stock at a per share exercise price equal to the closing price of Ocular's common stock on ...