Business · Companies · 4 hrs ago
Conavi Medical grants officers 1.6 million stock options
Conavi Medical granted its officers options to buy 1.6 million shares in the company.
The Toronto-based company designs and sells imaging technologies for minimally invasive cardiovascular procedures.
The options let officers buy common shares for C$0.20 each, under the company’s equity incentive plan.
They have a term of ten years from the grant date.
One-quarter of the options vest after one year, and the remaining three-quarters vest in equal monthly instalments over the following 36 months.
The grant gives officers a way to acquire shares over time, while the vesting schedule sets when they can exercise the options.
Conavi Medical granted officers a total of 1.6 million options to buy company common shares.
The company announced the grants on Oct. 19, 2026.
The options are exercisable at C$0.20 per share and have a 10-year term.
They vest over four years, starting with 25% on the first anniversary of the grant date.
The grants were made under Conavi’s Omnibus Equity Incentive Plan.
- Who
- Conavi Medical Corp. granted the options to its officers.
- What
- The company granted 1.6 million stock options to purchase common shares.
- When
- Oct. 19, 2026.
- Where
- Toronto, according to the announcement dateline.
- Why
- Not stated.
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- Options granted
- 1,600,000
- Exercise price
- C$0.20 per common share
- Option term
- 10 years from the grant date
- Initial vesting
- 25% on the first anniversary of the grant date
- Remaining vesting
- 75% in equal monthly instalments over the subsequent 36 months