other material
confidence high
sentiment neutral
materiality 0.40
ORIC Pharma boosts inducement equity plan by 650k shares to 1.15M total
Oric Pharmaceuticals, Inc.
- Compensation Committee approved amended 2022 Inducement Plan, adding 650,000 shares.
- Total shares reserved under plan now 1,150,000, for equity grants to new employees.
- Plan adopted without stockholder approval per Nasdaq inducement award rules.
- Awards may only go to individuals not previously employees/directors, as hiring inducement.
- Effective March 26, 2024; plan terms substantially similar to 2020 Equity Incentive Plan.