Acadia (ACAD) CFO receives new stock options and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACADIA PHARMACEUTICALS INC reported that EVP and Chief Financial Officer Mark C. Schneyer received new equity awards. He was granted stock options for 90,691 shares of common stock at an exercise price of $22.16 per share, expiring on March 5, 2036. According to the terms, 25% of these options vest and become exercisable on March 6, 2027, with the remaining options vesting in 36 equal monthly installments thereafter.
Schneyer was also granted 26,382 restricted stock units, each representing a contingent right to receive one share of common stock. These restricted stock units vest in four equal annual installments beginning on March 6, 2027. All transactions are classified as awards or grants rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schneyer Mark C.
Role
EVP, CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 90,691 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 26,382 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 90,691 shares (Direct);
Restricted Stock Units — 26,382 shares (Direct)
Footnotes (1)
- 25% of the shares subject to the Stock Option will vest and become exercisable on March 6, 2027. The remaining shares vest and become exercisable in 36 equal monthly installments thereafter. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. The restricted stock units vest in four equal annual installments beginning March 6, 2027.
FAQ
What equity awards did ACAD (ACAD) grant to CFO Mark C. Schneyer?
ACAD granted Mark C. Schneyer stock options for 90,691 shares and 26,382 restricted stock units. Both awards provide future rights to common stock, subject to multi-year vesting schedules starting in March 2027.
What are the key terms of Mark Schneyer’s new stock options at ACAD?
Schneyer received options for 90,691 shares at an exercise price of $22.16 per share, expiring on March 5, 2036. Twenty-five percent vest on March 6, 2027, with the remaining options vesting in 36 equal monthly installments.
How do the restricted stock units for ACAD’s CFO vest over time?
The 26,382 restricted stock units granted to ACAD’s CFO vest in four equal annual installments. Vesting begins on March 6, 2027, and each unit represents a contingent right to receive one share of common stock upon vesting.
Were there any open-market stock purchases or sales in this ACAD Form 4?
No open-market purchases or sales are reported. The Form 4 shows grant or award acquisitions of stock options and restricted stock units, which are compensation-related equity awards rather than market trades in ACAD common stock.
What does the Form 4 reveal about ACAD’s use of equity compensation for executives?
The filing shows ACAD using stock options and restricted stock units to compensate its CFO. These awards vest over several years starting in 2027, aligning executive incentives with longer-term company performance and share value.