bluebird bio Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
October 04 2024 - 4:05PM
Business Wire
bluebird bio, Inc. (Nasdaq: BLUE) today announced that
the Compensation Committee of the Company’s Board of Directors
approved the grant of inducement awards of 242,500 restricted stock
units (RSUs). This includes the previously disclosed 100,000 RSUs
granted to the Company’s CFO, James Sterling, with a grant date of
September 30, 2024 and 142,500 RSUs granted to 19 other employees,
with a grant date of October 1, 2024 (collectively, the “Inducement
Grants”). The Inducement Grants are subject to the terms and
conditions of award agreements covering the grants and the
Company’s 2021 Inducement Plan.
The RSUs approved under the Inducement Grants vest equally over
four years, with 25% vesting each year on the anniversary of the
vesting date.
The Company granted the RSUs as inducement materials to James
Sterling and each other individual entering into employment with
bluebird bio, Inc. in accordance with NASDAQ Listing Rule
5635(c)(4).
About bluebird bio, Inc.
bluebird bio is pursuing curative gene therapies to give
patients and their families more bluebird days.
Founded in 2010, bluebird has been setting the standard for gene
therapy for more than a decade—first as a scientific pioneer and
now as a commercial leader. bluebird has an unrivaled track record
in bringing the promise of gene therapy out of clinical studies and
into the real-world setting, having secured FDA approvals for three
therapies in under two years. Today, we are proving and scaling the
commercial model for gene therapy and delivering innovative
solutions for access to patients, providers, and payers.
With a dedicated focus on severe genetic diseases, bluebird has
the largest and deepest ex-vivo gene therapy data set in the field,
with industry-leading programs for sickle cell disease,
β-thalassemia and cerebral adrenoleukodystrophy. We custom design
each of our therapies to address the underlying cause of disease
and have developed in-depth and effective analytical methods to
understand the safety of our lentiviral vector technologies and
drive the field of gene therapy forward.
bluebird continues to forge new paths as a standalone commercial
gene therapy company, combining our real-world experience with a
deep commitment to patient communities and a people-centric culture
that attracts and grows a diverse flock of dedicated birds.
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version on businesswire.com: https://www.businesswire.com/news/home/20241004141404/en/
Investors: Courtney O’Leary, 978-621-7347
coleary@bluebirdbio.com Media: Jess Rowlands, 857-299-6103
jess.rowlands@bluebirdbio.com
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