Schrödinger granted restricted stock units covering 10,771 shares of common stock to seven newly hired employees on June 12, 2026. The awards were made under the company’s 2021 Inducement Equity Incentive Plan and approved by the compensation committee as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4). The RSUs vest over four years, with 25 percent vesting after 12 months of continuous service and the remainder vesting in equal annual installments over the subsequent three years.
Schrodinger IncGrant of RSUs to new hires as employment inducement, no direct impact on business performance.