Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08
June 12 2025 - 4:06PM
Business Wire
Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”)
announced that the Compensation Committee of Virgin Galactic’s
Board of Directors approved the grant of a time-based inducement
restricted stock unit award of 30,096 shares of Virgin Galactic
common stock to a new non-executive employee, effective June 15,
2025.
The award was granted under Virgin Galactic’s Amended and
Restated 2023 Employment Inducement Incentive Award Plan, which
provides for the granting of equity awards to new employees of
Virgin Galactic. The restricted stock unit award will vest over a
three-year period: 33% of the underlying shares will vest on the
first and second anniversary of the grant date and the remaining
34% of the shares will vest on the third anniversary of the grant
date, subject to continued service. The award was granted as an
inducement material to the new employee entering into employment
with Virgin Galactic, in accordance with NYSE Listing Rule
303A.08.
About Virgin Galactic
Virgin Galactic is an aerospace and space travel company,
pioneering human-first spaceflight for private individuals,
researchers, and governments with its advanced spaceships and
high-altitude carrier aircraft. Scale and profitability are driven
by next generation vehicles capable of bringing humans to space at
an unprecedented frequency with an industry-leading cost structure.
You can find more information at
https://www.virgingalactic.com.
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For media inquiries: Aleanna Crane - Vice President,
Communications news@virgingalactic.com 575.800.4422
For investor inquiries: Eric Cerny - Vice President,
Investor Relations vg-ir@virgingalactic.com 949.774.7637
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