{"id":834211,"date":"2025-04-04T19:48:50","date_gmt":"2025-04-04T23:48:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pacbio-grants-equity-incentive-award-to-new-employee-8\/"},"modified":"2025-04-04T19:48:50","modified_gmt":"2025-04-04T23:48:50","slug":"pacbio-grants-equity-incentive-award-to-new-employee-8","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pacbio-grants-equity-incentive-award-to-new-employee-8\/","title":{"rendered":"PacBio Grants Equity Incentive Award to New Employee"},"content":{"rendered":"
\n

MENLO PARK, Calif., April 04, 2025 (GLOBE NEWSWIRE) — PacBio (NASDAQ: PACB), a leading provider of high-quality, highly accurate sequencing platforms, today announced that the Compensation Committee of the Company\u2019s Board of Directors granted a non-qualified stock option (the \u201cOption\u201d) covering 342,432 shares of PacBio common stock to the Company\u2019s recently hired Chief Financial Officer, Jim Gibson, under the Pacific Biosciences 2020 Inducement Equity Incentive Plan (the \u201c2020 Inducement Plan\u201d), effective on March 31, 2025. The award was granted as an inducement material to such individual\u2019s entering into employment with PacBio in accordance with Nasdaq Marketplace Rule 5635(c)(4).<\/p>\n

The Option has an exercise price of $1.18 per share, which is equal to the closing price of PacBio common stock on March 31, 2025 (the \u201cEffective Date\u201d). The shares subject to the Option are 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 (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 Option is subject to the terms and conditions of the 2020 Inducement Plan and the applicable award agreements thereunder entered into by the employee. Vesting of the shares subject to the Option is conditioned upon the employee\u2019s continued service through each applicable vesting date.<\/p>\n

\n About PacBio<\/strong>
\n
PacBio (NASDAQ: PACB) is a premier life science technology company that designs, develops, and manufactures advanced sequencing solutions to help scientists and clinical researchers resolve genetically complex problems. Our products and technologies stem from two highly differentiated core technologies focused on accuracy, quality, and completeness, which include our HiFi long-read sequencing and our SBB\u00ae short-read sequencing technologies. Our products address solutions across a broad set of research applications, including human germline sequencing, plant and animal sciences, infectious disease and microbiology, oncology, and other emerging applications. For more information, please visit www.pacb.com and follow @PacBio.<\/p>\n

PacBio products are provided for Research Use Only. Not for use in diagnostic procedures.<\/p>\n

\n Contacts<\/strong>\n <\/p>\n

\n Investors:<\/strong>
\n
Todd Friedman
650.521.8450
ir@pacb.com<\/a><\/p>\n

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

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

MENLO PARK, Calif., April 04, 2025 (GLOBE NEWSWIRE) — PacBio (NASDAQ: PACB), a leading provider of high-quality, highly accurate sequencing platforms, today announced that the Compensation Committee of the Company\u2019s Board of Directors granted a non-qualified stock option (the \u201cOption\u201d) covering 342,432 shares of PacBio common stock to the Company\u2019s recently hired Chief Financial Officer, Jim Gibson, under the Pacific Biosciences 2020 Inducement Equity Incentive Plan (the \u201c2020 Inducement Plan\u201d), effective on March 31, 2025. The award was granted as an inducement material to such individual\u2019s entering into employment with PacBio in accordance with Nasdaq Marketplace Rule 5635(c)(4). The Option has an exercise price of $1.18 per share, which is equal to the closing price of PacBio common stock on … <\/p>\n

Continue reading “PacBio 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-834211","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPacBio 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\/pacbio-grants-equity-incentive-award-to-new-employee-8\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PacBio Grants Equity Incentive Award to New Employee - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MENLO PARK, Calif., April 04, 2025 (GLOBE NEWSWIRE) — PacBio (NASDAQ: PACB), a leading provider of high-quality, highly accurate sequencing platforms, today announced that the Compensation Committee of the Company\u2019s Board of Directors granted a non-qualified stock option (the \u201cOption\u201d) covering 342,432 shares of PacBio common stock to the Company\u2019s recently hired Chief Financial Officer, Jim Gibson, under the Pacific Biosciences 2020 Inducement Equity Incentive Plan (the \u201c2020 Inducement Plan\u201d), effective on March 31, 2025. The award was granted as an inducement material to such individual\u2019s entering into employment with PacBio in accordance with Nasdaq Marketplace Rule 5635(c)(4). 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