Ultragenyx Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
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Ultragenyx Pharmaceutical Inc. has granted 7,750 restricted stock units to eight newly hired non-executive officers as part of its Employment Inducement Plan, in compliance with Nasdaq Listing Rule 5635(c)(4).
January 17, 2025 | 9:45 pm
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NEUTRAL IMPACT
Ultragenyx has granted 7,750 restricted stock units to new non-executive officers, which may impact stock dilution and employee retention.
The grant of restricted stock units is a common practice to attract and retain talent, which is positive for employee retention but may lead to slight stock dilution. The impact on stock price is likely neutral in the short term as this is a standard inducement grant.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90