Pulmonx Grants 1.6 Million Equity Awards to New Executives Under Inducement Plan
Pulmonx Corporation has granted 1,625,000 shares of common stock to new executives, including CFO and COO Derrick Sung, under an inducement plan. Sung received a performance stock unit award for up to 400,000 shares, with vesting based on time and performance conditions. Vesting requires Sung's continued employment and the company's stock reaching a specified average closing price. This news was generated by Public Technologies using AI and is for informational purposes only.
Pulmonx Corporation has granted equity awards totaling 1,625,000 shares of its common stock to two new executives hired in the fourth quarter of 2025, including Chief Financial Officer and Chief Operating Officer Derrick Sung. As part of his compensation, Mr. Sung received a performance stock unit (PSU) award for up to 400,000 shares. The PSUs will vest based on a combination of time-based and performance-based conditions: 33% will vest after one year, with the remainder vesting in equal quarterly installments over the following two years, provided Mr. Sung remains employed. Additionally, vesting is contingent on the company’s stock reaching a specified average closing price over a sixty-day period. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pulmonx Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9596106-en) on December 03, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
