Esperion Announces Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
February 13 2025 - 3:30PM
Esperion (NASDAQ: ESPR) today announced that on February 11, 2025,
the Company granted ten new employees 58,300 restricted stock units
(RSUs) under Esperion’s 2017 Inducement Equity Incentive Plan.
The 2017 Inducement Equity Incentive Plan is used exclusively
for the grant of equity awards to individuals who were not
previously an employee or non-employee director of Esperion (or
following a bona fide period of non-employment), as an inducement
material to such individual's entering into employment with
Esperion, pursuant to Rule 5635(c)(4) of the NASDAQ Listing
Rules.
Each RSU will vest and become exercisable as to 25 percent of
the shares on the one-year anniversary of the recipient’s vesting
commencement date and will vest and become exercisable as to the
remaining 75 percent of the shares in twelve equal quarterly
installments at the end of each quarter following such anniversary,
in each case, subject to each such employee's continued employment
with Esperion on such vesting dates. The RSUs are subject to the
terms and conditions of Esperion’s 2017 Inducement Equity Incentive
Plan, and the terms and conditions of the RSU agreement covering
the grant.
Esperion TherapeuticsEsperion Therapeutics,
Inc. is a commercial stage biopharmaceutical company focused on
bringing new medicines to market that address unmet needs of
patients and healthcare professionals. The Company developed and is
commercializing the only U.S. Food and Drug Administration (FDA)
approved oral, once-daily, non-statin medicines for patients who
are at risk for cardiovascular disease and are struggling with
elevated low density lipoprotein cholesterol (LDL-C). These
medications are supported by the nearly 14,000 patient CLEAR
Cardiovascular Outcomes Trial. Esperion continues to build on its
success with its next generation program which is focused on
developing ATP citrate lyase inhibitors (ACLYi). New insights into
the structure and function of ACLYi fully enables rational drug
design and the opportunity to develop highly potent and specific
inhibitors with allosteric mechanisms.
Esperion continues to evolve into a leading global
biopharmaceutical company through commercial execution,
international partnerships and collaborations and advancement of
its pre-clinical pipeline. For more information, visit esperion.com
and esperionscience.com and follow Esperion on LinkedIn and X.
Esperion Contact
Information: Investors: Alina
Venezia investorrelations@esperion.com(734) 887-3903
Media: Tiffany
Aldrich corporateteam@esperion.com(616)
443-8438
Esperion Therapeutics (NASDAQ:ESPR)
Historical Stock Chart
From Jan 2025 to Feb 2025
Esperion Therapeutics (NASDAQ:ESPR)
Historical Stock Chart
From Feb 2024 to Feb 2025