Cutera, Inc. Reports Inducement Grants as Permitted by the Nasdaq Listing Rules
31 May 2024 - 7:57AM
Business Wire
Cutera, Inc. (Nasdaq: CUTR) (“Cutera” or the “Company”), a
leading provider of aesthetic and dermatology solutions, granted a
total of 44,500 non-qualified inducement stock options to six
employees. These awards were approved by the Compensation Committee
of Cutera’s Board of Directors.
The stock options have an exercise price of $2.23, equal to the
closing price of Cutera common stock on the grant date of May 13,
2024. A quantity of 25% shall vest annually, and 1/48 of the grant
total shall vest each month thereafter, subject to continued
employment, for a total of 29,500 stock options granted to five
employees. A quantity of 33% shall vest annually, and 1/36 of the
grant total shall vest each month thereafter, subject to continued
employment, for a total of 15,000 stock options granted to one
employee.
Each 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).
About Cutera, Inc.
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 www.cutera.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240530777675/en/
Cutera, Inc. Shelby Eckerman VP, Finance 415-657-5500
IR@cutera.com
Cutera (NASDAQ:CUTR)
Historical Stock Chart
From Dec 2024 to Jan 2025
Cutera (NASDAQ:CUTR)
Historical Stock Chart
From Jan 2024 to Jan 2025