Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08
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4:06 PM on Thursday, June 12
The Associated Press
ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Jun 12, 2025--
Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic’s Board of Directors approved the grant of a time-based inducement restricted stock unit award of 30,096 shares of Virgin Galactic common stock to a new non-executive employee, effective June 15, 2025.
The award was granted under Virgin Galactic’s Amended and Restated 2023 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Virgin Galactic. The restricted stock unit award will vest over a three-year period: 33% of the underlying shares will vest on the first and second anniversary of the grant date and the remaining 34% of the shares will vest on the third anniversary of the grant date, subject to continued service. The award was granted as an inducement material to the new employee entering into employment with Virgin Galactic, in accordance with NYSE Listing Rule 303A.08.
About Virgin Galactic
Virgin Galactic is an aerospace and space travel company, pioneering human-first spaceflight for private individuals, researchers, and governments with its advanced spaceships and high-altitude carrier aircraft. Scale and profitability are driven by next generation vehicles capable of bringing humans to space at an unprecedented frequency with an industry-leading cost structure. You can find more information at https://www.virgingalactic.com.
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: AIR TRANSPORT AEROSPACE MANUFACTURING OTHER TRAVEL TRAVEL
SOURCE: Virgin Galactic Holdings, Inc.
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PUB: 06/12/2025 04:06 PM/DISC: 06/12/2025 04:05 PM
http://www.businesswire.com/news/home/20250612812697/en
