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PTC Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

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PTC Therapeutics (NASDAQ: PTCT) has approved equity compensation packages for 12 new employees as part of their employment agreements. The inducement grants, approved on April 25, 2025, include:

- 7,000 non-statutory stock options with an exercise price of $49.53 per share (closing price on grant date)

- 10,780 restricted stock units (RSUs)

The stock options have a 10-year term and vest over 4 years, with 25% vesting after the first year and 6.25% quarterly thereafter. RSUs vest annually over 4 years at 25% per year. Both are subject to continued employment. These grants were made under Nasdaq Listing Rule 5635(c)(4) as inducement material to employment.

PTC Therapeutics (NASDAQ: PTCT) ha approvato pacchetti di compensazione azionaria per 12 nuovi dipendenti come parte dei loro contratti di lavoro. Le concessioni di incentivo, approvate il 25 aprile 2025, includono:

- 7.000 opzioni azionarie non statutarie con un prezzo di esercizio di $49,53 per azione (prezzo di chiusura alla data di concessione)

- 10.780 unità di azioni vincolate (RSU)

Le opzioni azionarie hanno una durata di 10 anni e maturano in 4 anni, con il 25% che matura dopo il primo anno e il 6,25% ogni trimestre successivo. Le RSU maturano annualmente in 4 anni al 25% annuo. Entrambe sono soggette alla continuazione del rapporto di lavoro. Queste concessioni sono state effettuate in conformità alla Regola 5635(c)(4) del Nasdaq come incentivo materiale all'impiego.

PTC Therapeutics (NASDAQ: PTCT) ha aprobado paquetes de compensación en acciones para 12 nuevos empleados como parte de sus acuerdos laborales. Las concesiones de incentivo, aprobadas el 25 de abril de 2025, incluyen:

- 7,000 opciones sobre acciones no estatutarias con un precio de ejercicio de $49.53 por acción (precio de cierre en la fecha de concesión)

- 10,780 unidades restringidas de acciones (RSU)

Las opciones tienen un plazo de 10 años y se consolidan en 4 años, con un 25% consolidado después del primer año y un 6.25% trimestralmente después. Las RSU se consolidan anualmente durante 4 años al 25% por año. Ambas están sujetas a la continuidad del empleo. Estas concesiones se realizaron bajo la Regla 5635(c)(4) del Nasdaq como un incentivo material para el empleo.

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- 10,780ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„(RSU)

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PTC Therapeutics (NASDAQ : PTCT) a approuvé des packages de rémunération en actions pour 12 nouveaux employés dans le cadre de leurs contrats de travail. Les attributions d’incitation, approuvées le 25 avril 2025, comprennent :

- 7 000 options d’achat d’actions non statutaires avec un prix d’exercice de 49,53 $ par action (cours de clôture à la date d’attribution)

- 10 780 unités d’actions restreintes (RSU)

Les options d’achat ont une durée de 10 ans et sont acquises sur 4 ans, avec 25 % acquis après la première année puis 6,25 % chaque trimestre. Les RSU sont acquises annuellement sur 4 ans à raison de 25 % par an. Les deux sont conditionnées à la poursuite de l’emploi. Ces attributions ont été effectuées conformément à la règle 5635(c)(4) du Nasdaq en tant qu’incitation liée à l’emploi.

PTC Therapeutics (NASDAQ: PTCT) hat Aktienvergütungspakete für 12 neue Mitarbeiter im Rahmen ihrer Arbeitsverträge genehmigt. Die am 25. April 2025 genehmigten Anreizzuteilungen umfassen:

- 7.000 nichtstatutarische Aktienoptionen mit einem Ausübungspreis von 49,53 USD pro Aktie (Schlusskurs am Gewährungstag)

- 10.780 Restricted Stock Units (RSUs)

Die Aktienoptionen haben eine Laufzeit von 10 Jahren und werden über 4 Jahre vestet, wobei 25 % nach dem ersten Jahr und danach vierteljährlich 6,25 % vesten. RSUs vesten jährlich über 4 Jahre mit 25 % pro Jahr. Beide sind an eine fortgesetzte Beschäftigung gebunden. Diese Zuteilungen erfolgten gemäß der Nasdaq-Listing-Regel 5635(c)(4) als Anreiz im Zusammenhang mit der Beschäftigung.

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WARREN, N.J., May 1, 2025 /PRNewswire/ -- PTC Therapeutics, Inc. (NASDAQ: PTCT) announced today that on April 25, 2025, the company approved non-statutory stock options to purchase an aggregate of 7,000 shares of its common stock and 10,780 restricted stock units ("RSUs"), each representing the right to receive one share of its common stock upon vesting, to 12 new employees. The awards were made pursuant to the Nasdaq inducement grant exception as a component of the new hires' employment compensation.

The inducement grants were approved by PTC's Compensation Committee on April 25, 2025, and are being made as an inducement material to each employee's acceptance of employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4).

All stock option awards have an exercise price of $49.53 per share, the closing price of PTC's common stock on April 25, 2025, the date of the grant. The stock options each have a 10-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee's new hire date and 6.25% of the original number of shares vesting at the end of each subsequent three-month period thereafter until fully vested, subject to the employee's continued service with the company through the applicable vesting dates. The RSUs each will vest over four years with 25% of the original number of shares vesting on each annual anniversary of the applicable employee's new hire date until fully vested, subject to the employee's continued service with the company through the applicable vesting dates.

ABOUT PTC THERAPEUTICS, INC.
PTC is a global biopharmaceutical company that discovers, develops and commercializes clinically differentiated medicines that provide benefits to children and adults living with rare disorders. PTC's ability to innovate new therapies and to globally commercialize products is the foundation that drives investment in a robust and diversified pipeline of transformative medicines. To learn more about PTC, please visit us at  and follow us on Facebook, X, and LinkedIn.

For more information please contact:

Investors:
Ellen Cavaleri
+1 (615) 618-8228
[email protected]

Media:
Jeanine Clemente
+1 (908) 912-9406
[email protected]

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SOURCE PTC Therapeutics, Inc.

FAQ

What equity compensation did PTC Therapeutics (PTCT) grant to new employees in April 2025?

PTC Therapeutics granted 7,000 stock options at $49.53 per share and 10,780 RSUs to 12 new employees as inducement awards.

What is the vesting schedule for PTCT's April 2025 stock option grants?

The stock options vest over 4 years, with 25% vesting after the first year and 6.25% vesting quarterly thereafter, subject to continued employment.

How do the RSUs vest in PTC Therapeutics' April 2025 inducement grants?

The RSUs vest over 4 years, with 25% vesting annually on each employment anniversary, subject to continued service.

What is the exercise price of PTCT's April 2025 inducement stock options?

The stock options have an exercise price of $49.53 per share, which was PTCT's closing price on April 25, 2025.
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