PacBio Grants Equity Incentive Award to New Employee
MENLO PARK, Calif., March 22, 2024 /PRNewswire/ — PacBio (NASDAQ: PACB), a leading provider of high-quality, highly accurate sequencing platforms, today announced that the Compensation Committee of the Company’s Board of Directors granted a non-qualified stock option (the “Option”) covering an aggregate of 79,600 shares of PacBio common stock and restricted stock units (“RSUs”) covering 39,800 shares of PacBio common stock to a recently hired employee under the Pacific Biosciences 2020 Inducement Equity Incentive Plan (the “2020 Inducement Plan”), effective on March 18, 2024. The award was granted as an inducement material to such individual’s entering into employment with PacBio in accordance with Nasdaq Marketplace Rule 5635(c)(4).