Zygo Corp. gave Chris L. Koliopoulos, its incoming president and chief executive officer, an option to buy 250,000 shares of common stock in the Middlefield technology manufacturer.
Zygo announced Koliopoulos’ hiring earlier this week.
The stock option allows Koliopoulos, a seasoned technology entrepreneur from Arizona, to buy shares at $10.83 apiece, less than Zygo’s stock price of $10.77 as of late morning. There’s a four-year vesting period before he can exercise the grant. Â
Zygo builds specialized optical instruments for measuring fine tolerances in manufacturing semiconductors and industrial equipment.
