SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Exelixis, Inc. (Nasdaq:EXEL) announced that today it granted restricted stock units representing an aggregate of 25,200 shares of Exelixis common stock to nine new employees. The restricted stock unit awards vest as to 1/4th of the shares subject to the restricted stock unit award on the first established quarterly vesting date following the one-year anniversary of the employee’s date of hire and thereafter as to 1/16th of the original number of shares subject to the restricted stock unit award on each succeeding November 15th, February 15th, May 15th and August 15th, subject to the new employee’s continued service relationship with Exelixis on each such date.
