Madrigal Pharmaceuticals Enhances Stock Plan and Re-elects Board

Madrigal Pharmaceuticals (MDGL) has shared an update.

Madrigal Pharmaceuticals, Inc. stockholders recently backed significant changes to the company’s 2015 Amended Stock Plan, including a 750,000 share expansion and a 10-year extension through 2035. Additionally, a new one-year minimum vesting period was introduced for post-2024 awards, aligning with the firm’s clawback policies for incentive recovery. These updates were part of several key decisions made at the 2024 Annual Meeting, where stockholders also re-elected board members and ratified the appointment of PricewaterhouseCoopers LLP as their independent auditor for the upcoming fiscal year.

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