Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08
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4:06 PM on Wednesday, October 15
The Associated Press
ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Oct 15, 2025--
Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic’s Board of Directors approved the grants of time-based inducement restricted stock unit awards covering an aggregate of 11,387 shares of Virgin Galactic common stock to two new non-executive employees, each effective October 15, 2025.
The awards were 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 awards 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 awards were granted as an inducement material to the new employees 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 launch vehicle. Scale and profitability are driven by next generation vehicles capable of taking 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: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: AEROSPACE TRANSPORT OTHER TRAVEL MANUFACTURING TRANSPORTATION TRAVEL OTHER TRANSPORT
SOURCE: Virgin Galactic Holdings, Inc.
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PUB: 10/15/2025 04:06 PM/DISC: 10/15/2025 04:05 PM
http://www.businesswire.com/news/home/20251015595724/en
