SAN DIEGO – October 15, 2026 -- QuidelOrtho Corporation (Nasdaq: QDEL) has granted restricted stock units covering an aggregate of 50,323 shares of its common stock to two newly hired, non-executive employees.
Compensation Committee approves grants under 2026 Inducement Plan
The Compensation Committee of the company's Board of Directors approved the awards, which carry a grant date of October 15, 2026. They were issued under the company's 2026 Inducement Plan as an inducement material to each employee's entering into employment with the company.
The grants comply with Nasdaq Listing Rule 5635(c)(4), which governs equity awards made to individuals as an inducement to join a listed company.
Plan is restricted to new hires and returning staff after a bona fide break
QuidelOrtho uses the 2026 Inducement Plan exclusively for individuals who were not previously employees of the company, or who are joining following a bona fide period of non-employment.
RSUs vest in three equal annual installments
The RSUs vest in equal annual installments on the first three anniversaries of the grant date. Vesting on each date is subject to the employee's continued employment with the company.
Each award is governed by the terms of the 2026 Inducement Plan and a separate RSU award agreement covering the individual grant.