Palladyne AI Announces Equity Awards for Newly Hired Employees

Palladyne AI Corp. announced the grant of 272,208 restricted stock units to eight new employees as part of their employment inducement. The awards are under the 2024 Inducement Equity Incentive Plan and vest in stages over four years, subject to service and certain change in control provisions. The employee equity awards are aimed at aligning interests with shareholders, providing retention incentives, and reducing cash compensation expenses.