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LEXINGTON, Mass., March 26, 2024 (GLOBE NEWSWIRE) -- Voyager Therapeutics, Inc. (Nasdaq: VYGR), a biotechnology company dedicated to advancing neurogenetic medicines, has entered into an employment agreement with Toby Ferguson, M.D., Ph.D. that, among other things, provides for the grant to Dr. Ferguson of a non-qualified stock option and restricted stock units as an inducement material to Dr. Ferguson's entering into employment with Voyager. The inducement awards were approved by the Compensation Committee of Voyager's Board of Directors in accordance with Nasdaq Stock Market Listing Rule 5635(c)(4). The option award became effective on March 25, 2024, and the restricted stock unit award is scheduled to become effective on April 1, 2024. The stock option award to Dr. Ferguson provides for the purchase of an aggregate of 210,000 shares of Voyager's common stock, and the restricted stock unit award to Dr. Ferguson will represent 105,000 shares of Voyager's common stock. The stock option has a ten-year term and an exercise price of $9.26 per share, which is equal to the closing price of Voyager's common stock on March 25, 2024, the effective date of grant. The stock option vests over four years, with 25% of the shares underlying the stock option vesting on the first anniversary of the effective date of grant and 75% of the shares underlying the stock option vesting in 36 equal monthly installments following the first anniversary of the effective date of grant. The restricted stock unit award vests annually in equal installments over three years, beginning on the first anniversary of the effective date of grant. Vesting of Dr. Ferguson's equity awards is subject to Dr. Ferguson's continued employment with Voyager. Each equity award is also subject to the terms and conditions of an award agreement. About Voyager Therapeutics Voyager Therapeutics® is a registered trademark, and TRACER™ is a trademark, of Voyager Therapeutics, Inc. Contacts
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