Loar Holdings Inc. Announces Inducement Awards Grant
Loar Holdings Inc., based in White Plains, NY, recently announced the exciting news of granting options to purchase common stock to three new employees. These options were granted as an inducement for these employees to join the team at Loar Holdings Inc. The options were approved by the Compensation Committee of the Board of Directors of Loar.
The grants of options are divided into five separate tranches: Tranche A, Tranche B, Tranche C, Tranche D, and Tranche E. Each tranche has a specific vesting period and exercise price based on the closing price of the common stock on the day before the grant date. The options will expire either ten years from the grant date or 90 days after termination of employment, whichever comes first.
Loar Holdings Inc. is a well-established manufacturer and supplier of niche aerospace and defense components essential for modern aircraft and defense systems. The company has strong relationships with top aerospace and defense original equipment manufacturers and Tier Ones globally.
This announcement contains forward-looking statements based on Loar’s current expectations and business projections. The company is optimistic about the future of its business operations and other related factors. Terms like “may,” “will,” “could,” and others are used to express anticipations, projecting the company’s positive outlook.
