Pacira BioSciences Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

Pacira BioSciences (Nasdaq: PCRX), a leader in non-opioid pain therapies, announced inducement grants to seven new employees on July 2, 2025. The awards include stock options for 3,500 shares to one employee and restricted stock units (RSUs) for 12,300 shares to seven employees.

The stock options have a 10-year term with a four-year vesting schedule, starting at 25% after the first year, followed by quarterly installments. The options' exercise price is set at $23.21 per share. The RSUs vest annually in four equal installments beginning July 1, 2026. All awards require continued employment with Pacira.

Positive

• Company demonstrates ability to attract talent with equity compensation
• Structured vesting schedule helps retain employees over 4-year period

Negative

• Potential dilution from 15,800 new shares
• Additional stock-based compensation expense will impact financial statements

BRISBANE, Calif., July 03, 2025 (GLOBE NEWSWIRE) -- Pacira BioSciences, Inc. (Nasdaq: PCRX), the industry leader in the delivery of innovative, non-opioid pain therapies to transform the lives of patients, today announced the granting of inducement awards on July 2, 2025 to seven new employees under Pacira’s Amended and Restated 2014 Inducement Plan (the “Inducement Plan”) as a material inducement to each employee’s entry into employment with the company. In accordance with Nasdaq Listing Rule 5635(c)(4), the awards were approved by the People & Compensation Committee of the Board of Directors (the “Committee”) without stockholder approval.

One employee received stock options to purchase an aggregate of 3,500 shares of Pacira common stock and seven employees received restricted stock units for an aggregate of 12,300 shares of Pacira common stock. The stock options have a 10-year term and a four-year vesting schedule with 25 percent of the underlying shares vesting on the first anniversary of the recipient’s first day of employment and in successive equal quarterly installments over the 36 months thereafter. The stock options have an exercise price of $23.21 per share, the closing trading price of Pacira common stock on the Nasdaq Global Select Market on the date of grant. Each restricted stock unit represents the contingent right to receive one share of Pacira common stock and the restricted stock unit awards vest annually in four equal installments beginning on July 1, 2026.

Vesting of the equity awards is subject to the employee’s continued employment with Pacira. Each equity award is also subject to the terms and conditions of an award agreement.

About Pacira

Pacira delivers innovative, non-opioid pain therapies to transform the lives of patients. Pacira has three commercial-stage non-opioid treatments: EXPAREL^® (bupivacaine liposome injectable suspension), a long-acting local analgesic currently approved for infiltration, fascial plane block, and as an interscalene brachial plexus nerve block, an adductor canal nerve block, and a sciatic nerve block in the popliteal fossa for postsurgical pain management; ZILRETTA^® (triamcinolone acetonide extended-release injectable suspension), an extended-release, intra-articular injection indicated for the management of osteoarthritis knee pain; and iovera_®º, a novel, handheld device for delivering immediate, long-acting, drug-free pain control using precise, controlled doses of cold temperature to a targeted nerve. The Company is also advancing the development of PCRX-201 (enekinragene inzadenovec), a novel, locally administered gene therapy with the potential to treat large prevalent diseases like osteoarthritis. To learn more about Pacira, visit www.pacira.com.

Investor Contact:
Susan Mesco, (973) 451-4030
susan.mesco@pacira.com

Media Contact:
Sara Marino, (973) 370-5430
sara.marino@pacira.com

FAQ

What inducement grants did Pacira BioSciences (PCRX) announce on July 3, 2025?

Pacira announced stock options for 3,500 shares to one employee and restricted stock units (RSUs) for 12,300 shares to seven employees, with an options exercise price of $23.21 per share.

What is the vesting schedule for Pacira's (PCRX) new stock options?

The stock options vest over 4 years, with 25% vesting after the first year and the remaining vesting in quarterly installments over the following 36 months.

When do Pacira's (PCRX) newly granted RSUs begin vesting?

The restricted stock units begin vesting on July 1, 2026, with annual vesting in four equal installments.

What was the exercise price for Pacira's (PCRX) inducement stock options?

The stock options have an exercise price of $23.21 per share, which was Pacira's closing price on the Nasdaq Global Select Market on the grant date.