Crinetics Pharmaceuticals(US:CRNX) Globenewswire·2026-01-12 21:05Core Viewpoint - Crinetics Pharmaceuticals has granted stock options and restricted stock units to new non-executive employees as part of its 2021 Employment Inducement Incentive Award Plan, aimed at attracting talent to the company [1][2]. Group 1: Stock Options and RSUs - The Compensation Committee granted a total of 37,575 stock options and 25,525 RSUs to 10 new non-executive employees [1]. - The stock options have an exercise price of $53.25 per share, equal to the closing price on January 9, 2026 [2]. - The stock options will vest over four years, with 25% vesting on the one-year anniversary and the remainder vesting in 36 equal monthly installments, contingent on continued employment [2]. Group 2: 2021 Inducement Plan - The 2021 Inducement Plan is designed for granting equity awards to individuals who were not previously employees or who have had a bona fide period of non-employment [2]. - The RSUs will also vest over four years in equal annual installments starting on the one-year anniversary, subject to continued employment [2]. Group 3: Company Overview - Crinetics Pharmaceuticals is focused on transforming the treatment of endocrine diseases and related tumors through innovative therapies [3]. - The company specializes in targeting G-protein coupled receptors (GPCRs) with small molecules tailored for specific pharmacological properties [3]. Group 4: Product Pipeline - Crinetics' lead product, PALSONIFY™ (paltusotine), is the first oral treatment approved by the U.S. FDA for adults with acromegaly who have not responded adequately to surgery [4]. - The company has a pipeline of over 10 disclosed programs, including late-stage candidates for congenital adrenal hyperplasia and ACTH-dependent Cushing's syndrome, as well as discovery programs for various endocrine conditions [4].