Absci SVP gets stock grants, shares used for taxes
Absci Corp executive Todd Bedrick reported equity compensation changes.
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Rhea-AI Filing Summary
Absci Corp executive Todd Bedrick reported equity compensation changes. He received 49,600 shares of common stock as restricted stock units and a stock option for 195,900 shares, while 5,282 shares were withheld at about $2.80 per share to cover tax on vesting rather than from a discretionary sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,282 | $2.80 | $15K |
| Grant/Award | Stock Option (right to buy) | 195,900 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 49,600 | $0.00 | $0.00 |
Footnotes (3)
- F1. The shares reported in this transaction represent Restricted Stock Units ("RSUs") issued under the Absci Corporation 2021 Stock Option and Incentive Plan. The RSUs shall vest and be settled in three substantially equal annual installments with the first such annual installment vesting on March 1, 2027, subject to the Reporting Person's continuous service to the Issuer on each such date.
- F2. Amount reported represents the number of shares withheld by the Issuer to cover the tax withholding obligation in connection with the vesting of these restricted stock units and does not represent a discretionary trade by the reporting person.
- F3. The shares subject to this option shall vest and become exercisable over a three year period, in substantially equal annual installments with the first such installment vesting on March 1, 2027, subject to the Reporting Person's continuous service to the Issuer on each such date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Absci Corp (ABSI) SVP Todd Bedrick receive?
How will Todd Bedrick’s Absci (ABSI) restricted stock units vest?
How do Todd Bedrick’s new Absci (ABSI) stock options vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.