Coherus BioSciences Announces New Employment Inducement Grants
Coherus BioSciences (CHRS) announced the grant of stock options to two newly hired executives, effective August 1, 2022.
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Coherus BioSciences (CHRS) announced the grant of stock options to two newly hired executives, effective August 1, 2022. A total of 250,000 options were awarded, with an exercise price of $9.16 per share, matching the closing price on the grant date. The Executive Vice President received 150,000 options, while the Senior Vice President was granted 100,000. This incentive is part of Coherus' 2016 Employment Commencement Incentive Plan, which aims to attract new talent and was approved by the board of directors in June 2016.
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News Market Reaction – CHRS
The recorded move for CHRS in the trading session of this news was +9.39%.
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REDWOOD CITY, Calif., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Coherus BioSciences, Inc. (“Coherus” or the “Company”, Nasdaq: CHRS), today announced that effective August 1, 2022, the compensation committee of the Company’s board of directors granted options to purchase an aggregate of 250,000 shares of the common stock of the Company to two newly hired employees with a per share exercise price of
The stock options were granted pursuant to the Coherus BioSciences, Inc. 2016 Employment Commencement Incentive Plan, which was approved by the Company’s board of directors in June 2016 under Rule 5635(c)(4) of the Nasdaq Global Select Market for equity grants to induce new employees to enter into employment with the Company.
Coherus BioSciences Contact Information:
IR Contact
Marek Ciszewski
SVP, Investor Relations
Coherus BioSciences, Inc.
IR@coherus.com
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