SANTA BARBARA, Calif., July 16, 2021 (GLOBE NEWSWIRE) -- Sientra, Inc.
(NASDAQ:SIEN) (“Sientra” or the “Company”), a medical aesthetics company
uniquely focused on plastic surgeons, today announced that on July 12,
2021, the Company approved equity award grants under the Sientra Inc.
Inducement Plan to Andrew Schmidt, the Company’s new Chief Financial
Officer.
Mr. Schmidt was granted restricted stock units representing a total of
48,715 shares of common stock. The restricted stock units will vest in
three equal annual installments with the first vesting date to occur on
August 1, 2022. The vesting of shares is contingent upon Mr. Schmidt’s
continued service with the Company through each vesting date.
The grants were made as an inducement that was a material component of Mr.
Schmidt’s compensation and subsequent acceptance of employment with the
Company or joining Sientra’s miraDry subsidiary, and were granted as
employment inducement awards pursuant to NASDAQ Listing Rule 5635(c)(4)
approved by the Compensation Committee.
About Sientra
Headquartered in Santa Barbara, California, Sientra is a medical aesthetics
company uniquely focused on plastic surgeons. The Company mission is to
offer proprietary innovations and unparalleled partnerships that radically
advance how plastic surgeons think, work and care for their patients.
Sientra has developed a broad portfolio of products with technologically
differentiated characteristics, supported by independent laboratory testing
and strong clinical trial outcomes. The Company’s Breast Products segment
includes its Sientra round and shaped breast implants, the first fifth
generation breast implants approved by the FDA for sale in the United
States, its ground-breaking Allox2® breast tissue expander with patented
dual-port and integral drain technology, and BIOCORNEUM®, the #1
performing, preferred and recommended scar gel of plastic surgeons(*).
Sientra uses its investor relations website to publish important
information about the Company, including information that may be deemed
material to investors. Financial and other information about Sientra is
routinely posted and is accessible on the Company’s investor relations
website at www.sientra.com.
(*)
Data on file
Investor Relations Contact
Leigh Salvo
ir@sientra.com
Source: Sientra, Inc.