Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
In connection with the commencement of their employment, the employees received options on
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's continued service with
Vice President, Head of Investor Relations
Source: Insmed, Inc.