Pacific Biosciences Grants Equity Incentive Award to New Employee
July 28 2021 - 4:05PM
Pacific Biosciences of California, Inc. (NASDAQ: PACB) (“Pacific
Biosciences” or the “Company”), a leading provider of high-quality
sequencing platforms, today announced that the Compensation
Committee of the Company’s Board of Directors granted restricted
stock units (“RSUs”) covering 29,500 shares of Pacific Biosciences
common stock, to a recently hired employee under the Pacific
Biosciences 2020 Inducement Equity Incentive Plan (the “2020
Inducement Plan”) effective on July 22, 2021 (the “Effective
Date”).
The 2020 Inducement Plan is used exclusively to
grant equity awards to individuals who were not previously an
employee or non-employee director of Pacific Biosciences as an
inducement material to such individual’s entering into employment
with Pacific Biosciences in accordance with Nasdaq Marketplace Rule
5635(c)(4).
The RSUs shall be scheduled to vest as to 1/4th
of the total number of shares subject at grant to the RSUs on each
of the one (1), two (2), three (3), and four (4) year anniversaries
of the Effective Date. The award of RSUs is subject to the terms
and conditions of the 2020 Inducement Plan and the applicable award
agreement entered into with the employee.
About Pacific Biosciences
Pacific Biosciences of California, Inc. (NASDAQ:
PACB) is empowering life scientists with highly accurate long-read
sequencing. The company’s innovative instruments are based on
Single Molecule, Real-Time (SMRT®) Sequencing technology, which
delivers a comprehensive view of genomes, transcriptomes, and
epigenomes, enabling access to the full spectrum of genetic
variation in any organism. Cited in thousands of peer-reviewed
publications, PacBio® sequencing systems are in use by
scientists around the world to drive discovery in human biomedical
research, plant and animal sciences, and microbiology.
Contacts
Investors:Todd
Friedman650.521.8450ir@pacificbiosciences.com
Media:Jen
Carroll858.449.8082pr@pacificbiosciences.com
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