other material
confidence high
sentiment neutral
materiality 0.50
Alector increases inducement equity plan shares to 3.3M for new employee hiring
Alector, Inc.
- Board approved amendment raising shares available under 2022 Inducement Plan from 1,630,000 to 3,300,000.
- Plan is material inducement for new employees entering employment, per Nasdaq Listing Rule 5635(c)(4).
- Amendment adopted without stockholder approval as permitted under Nasdaq rules for inducement awards.
- Awards under plan include nonstatutory stock options, RSUs, restricted stock, and performance shares.
- Plan and forms of award agreements filed as Exhibit 10.1.