{"id":403060,"date":"2020-12-18T16:08:16","date_gmt":"2020-12-18T21:08:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403060"},"modified":"2020-12-18T16:08:16","modified_gmt":"2020-12-18T21:08:16","slug":"pacific-biosciences-grants-equity-incentive-award-to-new-employee","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pacific-biosciences-grants-equity-incentive-award-to-new-employee\/","title":{"rendered":"Pacific Biosciences Grants Equity Incentive Award to New Employee"},"content":{"rendered":"
\n

MENLO PARK, Calif., Dec. 18, 2020 (GLOBE NEWSWIRE) — Pacific Biosciences of California, Inc. (NASDAQ: PACB) (\u201cPacific Biosciences\u201d or the \u201cCompany\u201d), a leading provider of high-quality sequencing of genomes, transcriptomes, and epigenomes, today announced that the Compensation Committee of the Company\u2019s Board of Directors granted non-qualified stock options covering an aggregate of 100,000 shares of Pacific Biosciences common stock and restricted stock units (\u201cRSU\u201d) covering 50,000 shares of Pacific Biosciences common stock to a recently hired non-executive officer employee under the Pacific Biosciences 2020 Inducement Equity Incentive Plan on December 14, 2020 (the \u201cEffective Date\u201d).<\/p>\n

The 2020 Inducement Equity Incentive Plan is used exclusively to grant equity awards to individuals who were not previously an employee or non-employee director of Pacific Biosciences as an inducement material to such individual\u2019s entering into employment with Pacific Biosciences in accordance with Nasdaq Marketplace Rule 5635(c)(4).<\/p>\n

The options have an exercise price of $20.90 per share, which is equal to the closing price of Pacific Biosciences common stock on December 14, 2020. The shares subject to the\u00a0option shall be scheduled to vest and become exercisable as to 1\/4th<\/sup> of the total number of shares subject at grant to the Option on the one\u00a0(1) year anniversary of the Effective Date and as to 1\/48th<\/sup> of the total shares subject at grant to the Option each month thereafter on the same day of the month as the Effective Date (or the last day of the month, if a particular month does not have a corresponding day). The RSUs shall be scheduled to vest as to 1\/4th of the total number of shares subject at grant to the RSUs on each of the one (1), two (2), three (3), and four (4) year anniversaries of the Effective Date. The option grant and the award of restricted stock units are subject to the terms and conditions of the 2020 Inducement Equity Incentive Plan and the award agreements entered into with the non-executive officer employee.<\/p>\n

\n About Pacific Biosciences<\/strong>\n <\/p>\n

Pacific Biosciences of California, Inc. (NASDAQ: PACB) is empowering life scientists with highly accurate long-read sequencing. The company\u2019s innovative instruments are based on Single Molecule, Real-Time (SMRT\u00ae<\/sup>) Sequencing technology, which delivers a comprehensive view of genomes, transcriptomes, and epigenomes, enabling access to the full spectrum of genetic variation in any organism. Cited in thousands of peer-reviewed publications, PacBio\u00ae<\/sup>\u00a0sequencing systems are in use by scientists around the world to drive discovery in human biomedical research, plant and animal sciences, and microbiology.<\/p>\n

\n Contact<\/strong>
\n
Investors: Trevin Rard
650.521.8450
ir@pacificbiosciences.com<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

MENLO PARK, Calif., Dec. 18, 2020 (GLOBE NEWSWIRE) — Pacific Biosciences of California, Inc. (NASDAQ: PACB) (\u201cPacific Biosciences\u201d or the \u201cCompany\u201d), a leading provider of high-quality sequencing of genomes, transcriptomes, and epigenomes, today announced that the Compensation Committee of the Company\u2019s Board of Directors granted non-qualified stock options covering an aggregate of 100,000 shares of Pacific Biosciences common stock and restricted stock units (\u201cRSU\u201d) covering 50,000 shares of Pacific Biosciences common stock to a recently hired non-executive officer employee under the Pacific Biosciences 2020 Inducement Equity Incentive Plan on December 14, 2020 (the \u201cEffective Date\u201d). The 2020 Inducement Equity Incentive Plan is used exclusively to grant equity awards to individuals who were not previously an employee or non-employee director of … <\/p>\n

Continue reading “Pacific Biosciences Grants Equity Incentive Award to New Employee”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-403060","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPacific Biosciences Grants Equity Incentive Award to New Employee - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pacific-biosciences-grants-equity-incentive-award-to-new-employee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pacific Biosciences Grants Equity Incentive Award to New Employee - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MENLO PARK, Calif., Dec. 18, 2020 (GLOBE NEWSWIRE) — Pacific Biosciences of California, Inc. (NASDAQ: PACB) (\u201cPacific Biosciences\u201d or the \u201cCompany\u201d), a leading provider of high-quality sequencing of genomes, transcriptomes, and epigenomes, today announced that the Compensation Committee of the Company\u2019s Board of Directors granted non-qualified stock options covering an aggregate of 100,000 shares of Pacific Biosciences common stock and restricted stock units (\u201cRSU\u201d) covering 50,000 shares of Pacific Biosciences common stock to a recently hired non-executive officer employee under the Pacific Biosciences 2020 Inducement Equity Incentive Plan on December 14, 2020 (the \u201cEffective Date\u201d). 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