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Aldeyra (NASDAQ: ALDX) grants CEO 1.88M options and bonus units
Aldeyra Therapeutics, Inc. (NASDAQ: ALDX) CEO Todd C. Brady was granted 1,880,510 stock options with an exercise price of $1.77 per share and 632,318 bonus units. These awards are part of his compensation package and are subject to vesting schedules contingent on continuous service to the company. The stock options vest monthly over 48 months, and the bonus units vest annually over four years, with the vested units entitling him to a cash payment based on the common stock’s closing price.