Durect Grants CFO Tim Papp Incentive Stock Package
Company Announcements

Durect Grants CFO Tim Papp Incentive Stock Package

Durect (DRRX) just unveiled an announcement.

DURECT Corporation’s board, on the advice of its compensation committee, granted 275,000 shares in a restricted stock unit (RSU) package to CFO Timothy M. Papp as part of their 2000 Stock Plan. The RSUs will vest 50% at six months and the rest at one year, provided Papp stays with the company. The grant aligns with the company’s Change of Control Policy, ensuring specific benefits if a change of control leads to termination.

See more insights into DRRX stock on TipRanks’ Stock Analysis page.

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