Arca Biopharma Board Approves Director Compensation Plan

Arca Biopharma (ABIO) has released an update to notify the public and investors about its officers.

On January 30, 2024, ARCA biopharma, Inc.’s Board approved compensation for its non-employee directors under its Director Compensation Policy. Each director received options to purchase 6,000 shares at $1.64 per share, in line with the closing price on the Nasdaq on that day. These options, governed by the ARCA 2020 Equity Incentive Plan and standard agreements, will vest monthly over a year provided the directors continue their board service.

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For a comprehensive understanding of the announcement, you can read the full document here.