Durect Grants CFO Tim Papp Incentive Stock Package

Durect (DRRX) just unveiled an announcement.

DURECT Corporation’s board, on the advice of its compensation committee, granted 275,000 shares in a restricted stock unit (RSU) package to CFO Timothy M. Papp as part of their 2000 Stock Plan. The RSUs will vest 50% at six months and the rest at one year, provided Papp stays with the company. The grant aligns with the company’s Change of Control Policy, ensuring specific benefits if a change of control leads to termination.

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