{"id":788862,"date":"2023-10-06T17:41:06","date_gmt":"2023-10-06T21:41:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cutera-reports-inducement-grants-as-permitted-by-the-nasdaq-listing-rules-2\/"},"modified":"2023-10-06T17:41:06","modified_gmt":"2023-10-06T21:41:06","slug":"cutera-reports-inducement-grants-as-permitted-by-the-nasdaq-listing-rules-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cutera-reports-inducement-grants-as-permitted-by-the-nasdaq-listing-rules-2\/","title":{"rendered":"Cutera Reports Inducement Grants as Permitted by the Nasdaq Listing Rules"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Cutera Reports Inducement Grants as Permitted by the Nasdaq Listing Rules<\/b><\/p>\n<p>BRISBANE, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCutera, Inc. (Nasdaq: CUTR) (\u201cCutera\u201d or the \u201cCompany\u201d), a leading provider of aesthetic and dermatology solutions, today announced that on October 3, 2023 the Compensation Committee of Cutera\u2019s Board of Directors approved the grant of inducement awards to Brent Hauser, who joined Cutera on October 2, 2023, as the President, International. The inducement awards consisted of restricted stock units (RSUs) settleable in 27,358 shares of common stock, and two grants of performance stock units (PSUs) settleable in 54,716 shares of common stock and 25,000 shares of common stock, respectively.<\/p>\n<p>\nThe RSUs were granted on October 3, 2023. A quantity of 25% shall vest on October 2, 2024, and 1\/12 of the RSUs shall vest each quarter thereafter, subject to Mr. Hauser continuing as an employee.<\/p>\n<p>\nThe PSU grants were granted on October 3, 2023. Regarding the PSU grant of 54,716 shares of common stock, the performance-based vesting schedule and targets will be determined by Cutera\u2019s Board of Directors or Compensation Committee. The PSU grant of 25,000 shares of common stock has a single performance criteria of the 30-calendar day trailing average of Cutera\u2019s closing common stock price exceeding $20.00 within four years of the grant date.<\/p>\n<p>\nEach inducement award is subject to the terms of the Cutera, Inc. 2023 Inducement Equity Incentive Plan and related forms of agreements and were granted as inducements material to these employees to enter into employment with Cutera in accordance with Nasdaq Listing Rule 5635(c)(4).<\/p>\n<p><b>About Cutera, Inc.<\/b><\/p>\n<p>\nBrisbane, California-based Cutera is a leading provider of aesthetic and dermatology solutions for practitioners worldwide. Since 1998, Cutera has been developing innovative, easy-to-use products that harness the power of science and nature to enable medical practitioners to offer safe and effective treatments to their patients. For more information, call +1-415-657-5500 or 1-888-4CUTERA or visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cutera.com&amp;esheet=53579833&amp;newsitemid=20231006071746&amp;lan=en-US&amp;anchor=www.cutera.com&amp;index=1&amp;md5=fa49277b30891e73eae187277c6568d9\">www.cutera.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20231006071746r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20231006071746\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20231006071746\/en\/<\/a><\/span><\/p>\n<p>\nGreg Barker<br \/>\n<br \/>VP, Corporate FP&amp;A and Investor Relations<br \/>\n<br \/>415-657-5500<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:IR@cutera.com\">IR@cutera.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Canada California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Health Medical Devices Health Technology Other Health General Health Pharmaceutical Biotechnology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231006071746\/en\/1908903\/3\/Cutera_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Cutera Reports Inducement Grants as Permitted by the Nasdaq Listing Rules BRISBANE, Calif.&#8211;(BUSINESS WIRE)&#8211; Cutera, Inc. (Nasdaq: CUTR) (\u201cCutera\u201d or the \u201cCompany\u201d), a leading provider of aesthetic and dermatology solutions, today announced that on October 3, 2023 the Compensation Committee of Cutera\u2019s Board of Directors approved the grant of inducement awards to Brent Hauser, who joined Cutera on October 2, 2023, as the President, International. The inducement awards consisted of restricted stock units (RSUs) settleable in 27,358 shares of common stock, and two grants of performance stock units (PSUs) settleable in 54,716 shares of common stock and 25,000 shares of common stock, respectively. The RSUs were granted on October 3, 2023. A quantity of 25% shall vest on October 2, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cutera-reports-inducement-grants-as-permitted-by-the-nasdaq-listing-rules-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cutera Reports Inducement Grants as Permitted by the Nasdaq Listing Rules&#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-788862","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cutera Reports Inducement Grants as Permitted by the Nasdaq Listing Rules - 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\/cutera-reports-inducement-grants-as-permitted-by-the-nasdaq-listing-rules-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cutera Reports Inducement Grants as Permitted by the Nasdaq Listing Rules - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cutera Reports Inducement Grants as Permitted by the Nasdaq Listing Rules BRISBANE, Calif.&#8211;(BUSINESS WIRE)&#8211; Cutera, Inc. (Nasdaq: CUTR) (\u201cCutera\u201d or the \u201cCompany\u201d), a leading provider of aesthetic and dermatology solutions, today announced that on October 3, 2023 the Compensation Committee of Cutera\u2019s Board of Directors approved the grant of inducement awards to Brent Hauser, who joined Cutera on October 2, 2023, as the President, International. The inducement awards consisted of restricted stock units (RSUs) settleable in 27,358 shares of common stock, and two grants of performance stock units (PSUs) settleable in 54,716 shares of common stock and 25,000 shares of common stock, respectively. The RSUs were granted on October 3, 2023. 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