on Loar Holdings Inc.
Loar Holdings Grants Stock Options to New Employees
Loar Holdings Inc. (NYSE: LOAR) announced the granting of options to purchase 68,000 shares of common stock, aimed at three new employees. These inducement awards were approved by the Compensation Committee without stockholder consent, in line with the NYSE's regulations.
The stock options are structured in five tranches, each vesting annually over five years. Tranche A vests after one year at the grant date's stock price, while subsequent tranches have progressively higher exercise prices tied to the initial price. The options expire either ten years from the grant date or three months post-employment termination.
The latest financial maneuver by Loar underscores its strategy to attract and retain talent in the competitive aerospace sector.
R. P.
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