News Release Details
Bioventus Announces Inducement Equity to SVP Chief Financial Officer Mark Singleton
DURHAM, N.C., April 05, 2022 (GLOBE NEWSWIRE) -- Bioventus Inc. (Nasdaq: BVS) (“Bioventus” or the “Company”), a global leader in innovations for active healing, announced today the issuance on April 4, 2022 of previously disclosed inducement equity awards to Mark Singleton in connection with this appointment as Senior Vice President, Chief Financial Officer, and Principle Accounting Officer of the Company.
The awards consist of 74,500 restricted share units and options to purchase 223,200 shares of the Company’s Class A common stock. Both awards will vest in four equal installments on the first four anniversaries of March 21, 2022, subject to Mr. Singleton’s continued employment with the Company through each application vesting date. The exercise price for the options is $13.29.
The awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4).
Bioventus delivers clinically proven, cost-effective products that help people heal quickly and safely. Its mission is to make a difference by helping patients resume and enjoy active lives. The Innovations for Active Healing from Bioventus include offerings for pain treatment, restorative therapies and surgical solutions. Built on a commitment to high quality standards, evidence-based medicine and strong ethical behavior, Bioventus is a trusted partner for physicians worldwide. For more information, visit www.bioventus.com, and follow the Company on LinkedIn and Twitter. Bioventus and the Bioventus logo are registered trademarks of Bioventus LLC.
Jamica A. Whitaker