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Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08
Businesswireยท 2025-10-15 20:06
Core Points - Virgin Galactic Holdings, Inc. announced the approval of time-based inducement restricted stock unit awards for two new non-executive employees, totaling 11,387 shares of common stock, effective October 15, 2025 [1][2] Group 1: Stock Awards - The awards were granted under the Amended and Restated 2023 Employment Inducement Incentive Award Plan, aimed at providing equity awards to new employees [2] - The restricted stock unit awards will vest over a three-year period, with 33% vesting on the first and second anniversaries of the grant date, and the remaining 34% vesting on the third anniversary, contingent on continued service [2] Group 2: Company Overview - Virgin Galactic is an aerospace and space travel company focused on pioneering human-first spaceflight for private individuals, researchers, and governments [3] - The company's growth and profitability are driven by next-generation vehicles designed for frequent human space travel at a competitive cost structure [3]