Pacific Biosciences Grants Equity Incentive Award to New Employee


MENLO PARK, Calif., May 21, 2021 (GLOBE NEWSWIRE) — Pacific Biosciences of California, Inc. (NASDAQ:PACB) (“Pacific Biosciences” or the “Company”), a leading provider of high-quality sequencing of genomes, transcriptomes, and epigenomes, today announced that the Compensation Committee of the Company's Board of Directors granted non-qualified stock options covering an aggregate of 240,000 shares of Pacific Biosciences common stock and restricted stock units (“RSUs”) covering 130,000 shares of Pacific Biosciences common stock to two recently hired employees under the Pacific Biosciences 2020 Inducement Equity Incentive Plan (the “2020 Inducement Plan”) effective on May 17, 2021.

The 2020 Inducement Plan is used exclusively to grant equity awards to individuals who were not previously an employee or non-employee director of Pacific Biosciences as an inducement material to such individual's entering …

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