{"id":451703,"date":"2021-03-05T08:03:41","date_gmt":"2021-03-05T13:03:41","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451703"},"modified":"2021-03-05T08:03:41","modified_gmt":"2021-03-05T13:03:41","slug":"insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\/","title":{"rendered":"Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p \/>\n<p>\n        <span class=\"xn-location\">BRIDGEWATER, N.J.<\/span>, <span class=\"xn-chron\">March 5, 2021<\/span> \/PRNewswire\/ &#8212; Insmed Incorporated (Nasdaq: INSM), a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases, today announced the granting of inducement awards to seven new employees. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Insmed&#8217;s Compensation Committee and made as a material inducement to each employee&#8217;s entry into employment with the Company.<\/p>\n<p>In connection with the commencement of their employment, the employees received options on <span class=\"xn-chron\">March 1, 2021<\/span> to purchase an aggregate 27,770 shares of Insmed common stock at an exercise price of <span class=\"xn-money\">$37.73<\/span> per share, the closing trading price on the Nasdaq Global Select Market on the date of grant.<\/p>\n<p>The options have a ten-year term and a four-year vesting schedule, with 25% of the shares subject to the option vesting on the first anniversary of the relevant grant date and 12.5% of the shares subject to the option vesting every six months thereafter through the fourth anniversary of the relevant grant date, subject to the relevant employee&#8217;s continued service with Insmed on the applicable vesting date.<\/p>\n<p>On <span class=\"xn-chron\">February 5, 2021<\/span>, the Company reported the granting of options to purchase an aggregate of 65,980 shares of Insmed common stock at an exercise price of <span class=\"xn-money\">$37.44<\/span> per share, as inducement awards to 14 new employees. The aggregate number of shares of common stock underlying the options granted to the 14 employees and reported on such date was incorrectly reported and, as such, the number of shares of common stock underlying such options will be reduced to 60,020. These options will be exercisable at a price of <span class=\"xn-money\">$37.44<\/span> per share. \u00a0\u00a0<\/p>\n<p>\n        <b>About<\/b><br \/>\n        <b>\u00a0<\/b><br \/>\n        <b>Insmed<\/b>\n      <\/p>\n<p>Insmed Incorporated is a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases. Insmed&#8217;s first commercial product is a first-in-disease therapy approved in <span class=\"xn-location\">the United States<\/span> and <span class=\"xn-location\">Europe<\/span> to treat a chronic, debilitating lung disease. The Company is also progressing a robust pipeline of investigational therapies targeting areas of serious unmet need, including neutrophil-mediated inflammatory diseases and rare pulmonary disorders. Insmed is headquartered in <span class=\"xn-location\">Bridgewater, New Jersey<\/span>, with a growing footprint across <span class=\"xn-location\">Europe<\/span> and in <span class=\"xn-location\">Japan<\/span>. For more information, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3084653-1&amp;h=2088868265&amp;u=http%3A%2F%2Fwww.insmed.com%2F&amp;a=www.insmed.com\" rel=\"nofollow noopener noreferrer\">www.insmed.com<\/a>. <\/p>\n<p>\n        <b>Contact:<\/b>\n      <\/p>\n<p>Investors:<br \/>Eleanor Barisser<br \/>Associate Director, Investor Relations<br \/>Insmed<br \/>(718) 594-5332<br \/><a target=\"_blank\" href=\"mailto:eleanor.barriser@insmed.com\" rel=\"nofollow noopener noreferrer\">eleanor.barriser@insmed.com<\/a><\/p>\n<p>Media:<br \/><span class=\"xn-person\">Mandy Fahey<\/span><br \/>Senior Director, Corporate Communications<br \/>Insmed<br \/>(732) 718-3621<br \/><a target=\"_blank\" href=\"mailto:amanda.fahey@insmed.com\" rel=\"nofollow noopener noreferrer\">amanda.fahey@insmed.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder7436\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/801462\/Insmed_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/801462\/Insmed_Logo.jpg\" title=\"(PRNewsfoto\/Insmed Incorporated)\" alt=\"(PRNewsfoto\/Insmed Incorporated)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY96973&amp;sd=2021-03-05\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-301239228.html\">http:\/\/www.prnewswire.com\/news-releases\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-301239228.html<\/a><\/p>\n<p>SOURCE  Insmed Incorporated<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY96973&amp;Transmission_Id=202103050800PR_NEWS_USPR_____NY96973&amp;DateId=20210305\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BRIDGEWATER, N.J., March 5, 2021 \/PRNewswire\/ &#8212; Insmed Incorporated (Nasdaq: INSM), a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases, today announced the granting of inducement awards to seven new employees. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Insmed&#8217;s Compensation Committee and made as a material inducement to each employee&#8217;s entry into employment with the Company. In connection with the commencement of their employment, the employees received options on March 1, 2021 to purchase an aggregate 27,770 shares of Insmed common stock at an exercise price of $37.73 per share, the closing trading price on the Nasdaq Global Select Market on the date of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)&#8221;<\/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-451703","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4) - 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\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BRIDGEWATER, N.J., March 5, 2021 \/PRNewswire\/ &#8212; Insmed Incorporated (Nasdaq: INSM), a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases, today announced the granting of inducement awards to seven new employees. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Insmed&#8217;s Compensation Committee and made as a material inducement to each employee&#8217;s entry into employment with the Company. In connection with the commencement of their employment, the employees received options on March 1, 2021 to purchase an aggregate 27,770 shares of Insmed common stock at an exercise price of $37.73 per share, the closing trading price on the Nasdaq Global Select Market on the date of &hellip; Continue reading &quot;Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-05T13:03:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/801462\/Insmed_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)\",\"datePublished\":\"2021-03-05T13:03:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\\\/\"},\"wordCount\":408,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/801462\\\/Insmed_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\\\/\",\"name\":\"Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4) - 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In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Insmed&#8217;s Compensation Committee and made as a material inducement to each employee&#8217;s entry into employment with the Company. In connection with the commencement of their employment, the employees received options on March 1, 2021 to purchase an aggregate 27,770 shares of Insmed common stock at an exercise price of $37.73 per share, the closing trading price on the Nasdaq Global Select Market on the date of &hellip; Continue reading \"Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-05T13:03:41+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/801462\/Insmed_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)","datePublished":"2021-03-05T13:03:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\/"},"wordCount":408,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/801462\/Insmed_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/insmed-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-5\/","name":"Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4) - 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