Accuray Incorporated (NASDAQ:ARAY) disclosed on October 30, 2026 that its Compensation Committee approved equity inducement awards totaling 1,300,000 units to Sofiane Laoussadi, the company's new Senior Vice President, Global Services and Solutions, as a material inducement to his joining the company.

Key Highlights

  • Recipient and role: Sofiane Laoussadi, named Senior Vice President, Global Services and Solutions at Accuray Incorporated.
  • RSU award: 650,000 restricted stock units covering shares of the company's common stock, effective October 30, 2026.
  • Performance RSU award: 650,000 performance-based restricted stock units at target, also effective October 30, 2026.
  • RSU vesting schedule: One-fourth of the RSU award vests on October 30, 2027, with the remaining shares vesting in equal annual installments on each anniversary thereafter, subject to continued service.
  • Performance period: The performance-based RSUs have a performance period ending on the last day of the company's 2028 fiscal year.
  • Plan basis: The awards were made outside of the company's current equity plan but on terms generally consistent with the company's 2026 Equity Incentive Plan, pursuant to NASDAQ Listing Rule 5635(c)(4).

Accuray Discloses Inducement Awards to New SVP Laoussadi Under NASDAQ Rule 5635(c)(4)

According to the filing, Accuray Incorporated reported the equity inducement awards as required by NASDAQ Listing Rules. The Compensation Committee approved the grants to Sofiane Laoussadi, described in the disclosure as the company's new Senior Vice President, Global Services and Solutions, with both awards carrying an effective date of October 30, 2026. The filing states that the awards were made "as a material inducement to Mr. Laoussadi joining the company."

The first component is an award of 650,000 restricted stock units. According to the filing, one-fourth of the underlying shares will vest on October 30, 2027, with one-fourth vesting on each yearly anniversary of that date, subject in each case to Mr. Laoussadi's continued service through the applicable vesting date. The second component is an award of 650,000 performance-based restricted stock units at target. The filing states these have a performance period ending on the last day of the company's 2028 fiscal year, with vesting based on performance criteria and other terms as determined by the Compensation Committee for similarly situated senior executives, subject to continued service and the terms of the applicable award agreement.

The filing notes that the Inducement Awards were made outside of the company's current equity plan, but are "subject to terms and conditions generally consistent with those in the company's 2026 Equity Incentive Plan." The disclosure was made in accordance with NASDAQ Listing Rule 5635(c)(4). Accuray is headquartered in Madison, Wisconsin, according to the filing.

What Was Disclosed

Accuray disclosed equity inducement awards of 650,000 restricted stock units and 650,000 performance-based restricted stock units granted to new SVP Sofiane Laoussadi on October 30, 2026, outside the company's current equity plan but consistent with its 2026 Equity Incentive Plan terms.