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Arcutis Biotherapeutics | SC TO-C: Written communication relating to an issuer or third party tender offer

Arcutis Biotherapeutics | SC TO-C:投標報價書面通信

SEC announcement ·  01/11 00:00
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On January 11, 2024, Arcutis Biotherapeutics, Inc., a Delaware-incorporated biopharmaceutical company, announced the initiation of an Option Exchange program. This voluntary program is designed to allow certain eligible employees and consultants to exchange their outstanding stock options for a smaller number of new restricted stock units (RSUs). The initiative aims to retain top talent by aligning employee and consultant interests with those of the company's stockholders. Eligible options are those with an exercise price of $10.00 or higher and are held by individuals who are employees or consultants at the time of the replacement RSU award grant. The exchange ratios will vary based on the exercise price of the options, with higher ratios for options with higher exercise prices. The vesting...Show More
On January 11, 2024, Arcutis Biotherapeutics, Inc., a Delaware-incorporated biopharmaceutical company, announced the initiation of an Option Exchange program. This voluntary program is designed to allow certain eligible employees and consultants to exchange their outstanding stock options for a smaller number of new restricted stock units (RSUs). The initiative aims to retain top talent by aligning employee and consultant interests with those of the company's stockholders. Eligible options are those with an exercise price of $10.00 or higher and are held by individuals who are employees or consultants at the time of the replacement RSU award grant. The exchange ratios will vary based on the exercise price of the options, with higher ratios for options with higher exercise prices. The vesting of the newly issued RSUs will be based on continued employment or service and will follow a schedule determined by the original grant date of the exchanged options. The Option Exchange is set to begin on January 16, 2024, and will expire on February 12, 2024, at 8:59 pm Pacific Time. The terms of the Option Exchange will be detailed in a Tender Offer Statement on Schedule TO, which will be filed with the SEC and provided to eligible participants at the commencement of the program.
2024年1月11日,特拉華州註冊的生物製藥公司Arcutis Biotherapeutics, Inc. 宣佈啓動期權交易計劃。該自願計劃旨在允許某些符合條件的員工和顧問將其未償還的股票期權換成數量較少的新限制性股票單位(RSU)。該計劃旨在通過調整員工和顧問的利益與公司股東的利益來留住頂尖人才。符合條件的期權是那些行使價爲10.00美元或以上的期權,由在獲得替代RSU獎勵補助時是僱員或顧問的個人持有。交易所比率將根據期權的行使價而變化,行使價較高的期權的比率會更高。新發行的限制性股票單位的歸屬將基於持續的就業或服務,並將遵循由交換期權的原始授予日期確定的時間表。期權交易所定於2024年1月16日開始,並將於太平洋時間2024年2月12日晚上 8:59 到期。期權交易所的條款將在附表TO的要約聲明中詳細說明,該聲明將提交給美國證券交易委員會,並在計劃開始時提供給符合條件的參與者。
2024年1月11日,特拉華州註冊的生物製藥公司Arcutis Biotherapeutics, Inc. 宣佈啓動期權交易計劃。該自願計劃旨在允許某些符合條件的員工和顧問將其未償還的股票期權換成數量較少的新限制性股票單位(RSU)。該計劃旨在通過調整員工和顧問的利益與公司股東的利益來留住頂尖人才。符合條件的期權是那些行使價爲10.00美元或以上的期權,由在獲得替代RSU獎勵補助時是僱員或顧問的個人持有。交易所比率將根據期權的行使價而變化,行使價較高的期權的比率會更高。新發行的限制性股票單位的歸屬將基於持續的就業或服務,並將遵循由交換期權的原始授予日期確定的時間表。期權交易所定於2024年1月16日開始,並將於太平洋時間2024年2月12日晚上 8:59 到期。期權交易所的條款將在附表TO的要約聲明中詳細說明,該聲明將提交給美國證券交易委員會,並在計劃開始時提供給符合條件的參與者。
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