Forte Biosciences Awards 125K Share Bonus to Executives, Aligns New Hires with Shareholder Value
Forte Biosciences, Inc. (FBRX) has awarded a significant bonus to its executive officers. The compensation committee has granted options to purchase 125,000 shares of the company's common stock as part of a material contract signing bonus.
The equity awards, totalling 125,000 shares, will vest over four years. A quarter of the shares will vest after the first year, with the remaining 75% vesting monthly over the subsequent three years, contingent upon continuous employment. This move comes as Forte Biosciences also extends equity inducement awards to new non-executive employees, further aligning employee interests with shareholder value.
The equity awards, valued at approximately 125,000 shares, are a notable addition to Forte Biosciences' compensation strategy. They aim to incentivize long-term commitment and performance from both executive officers and new non-executive employees.
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