Mural Oncology Announces Employee Stock Grants Confirming Growth
Mural Oncology's New Employee Stock Grants
WALTHAM, Mass. and DUBLIN – Mural Oncology plc (Nasdaq: MURA), a clinical-stage company dedicated to immuno-oncology, recently shared exciting news about its workforce expansion. On September 3, the company awarded a newly hired employee stock options for 21,500 ordinary shares, along with restricted stock units for another 11,500 shares. This move is not only strategic in attracting talent but also aligns with Nasdaq's guidelines under Listing Rule 5635(c)(4).
Details of the Stock Options and Restricted Stock Units
The stock options come with an exercise price of $3.16 per share, reflecting the closing price of shares reported by Nasdaq on the date of the grant. These options are set for a ten-year term and will vest over a four-year period, allowing 25% to vest on the first anniversary of August 1, 2024. The remaining shares will then vest at a quarter-annual rate, contingent upon the employee maintaining their role with Mural Oncology.
Similarly, the restricted stock units will vest in a yearly increment of 25% starting from the same anniversary. This strategy not only incentivizes commitment but also rewards the employee as the company grows.
About Mural Oncology
Mural Oncology is at the forefront of cancer treatment innovation, leveraging a unique protein engineering platform for developing cytokine-based immunotherapies. With an extensive background in cytokine biology, the company aims to create significant clinical advancements for cancer patients. Their lead candidate, nemvaleukin, is being evaluated in pivotal trials for mucosal melanoma and platinum-resistant ovarian cancer, marking a promising pathway toward new treatment options.
Company Mission and Future Prospects
The mission of Mural Oncology centers on enhancing the efficacy of immunotherapies to provide meaningful benefits for those battling cancer. Their commitment to advancing cytokine-based therapies reflects in the ongoing clinical tests intended to broaden treatment possibilities for various cancers. Mural Oncology's registered office is located in Dublin, Ireland, while its operations are primarily based in Waltham, Massachusetts.
As Mural Oncology continues to grow and innovate in the field of cancer therapy, stock grants like these are critical in building a dedicated workforce that is aligned with their vision for the future.
Frequently Asked Questions
What are the recent stock grants by Mural Oncology for?
The stock grants aim to attract and retain talent as the company expands its workforce and develops innovative cancer therapies.
What is the exercise price for the stock options granted?
The exercise price for the stock options is $3.16 per share, matching the closing share price on the grant date.
How long do the stock options last?
The stock options have a ten-year term, allowing employees a significant timeframe to benefit from their grants.
What is nemvaleukin?
Nemvaleukin is Mural Oncology's lead candidate undergoing trials for mucosal melanoma and platinum-resistant ovarian cancer, demonstrating the company's commitment to innovative therapies.
Where is Mural Oncology headquartered?
Mural Oncology has its registered office in Dublin, Ireland, and primary operations in Waltham, Massachusetts.
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