Aclaris (ACRS) CEO nets stock from RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aclaris Therapeutics CEO Walker Neal reported equity compensation activity involving restricted stock units and common stock. On February 3, 2026, 63,475 restricted stock units were converted into 63,475 shares of common stock at an exercise price of $0.
To cover tax withholding related to this vesting, 18,611 shares of common stock were withheld by the company at a price of $3.47 per share. After these transactions, Neal directly owned 1,543,886 shares of common stock and 190,425 restricted stock units, which vest in four equal annual installments starting on February 3, 2025, subject to continuous service.
Positive
- None.
Negative
- None.
Insider Trade Summary
63,475 shares exercised/converted
Mixed
3 txns
Insider
Walker Neal
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 63,475 | $0.00 | -- |
| Exercise | Common Stock | 63,475 | $0.00 | -- |
| Tax Withholding | Common Stock | 18,611 | $3.47 | $65K |
Holdings After Transaction:
Restricted Stock Units — 190,425 shares (Direct);
Common Stock — 1,562,497 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer. The transaction reported represents the withholding of shares by the issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of restricted stock units described in this Form 4. The shares underlying these restricted stock units vest in four equal installments on the first, second, third and fourth anniversaries of February 3, 2025, subject to the Continuous Service (as defined in the Plan) of the Reporting Person as of each such date.
FAQ
What insider transaction did Aclaris Therapeutics (ACRS) report for its CEO?
Aclaris Therapeutics reported that CEO Walker Neal had 63,475 restricted stock units convert into common shares. In connection with this vesting, shares were also withheld to satisfy tax obligations, and his resulting direct holdings were updated in the filing.
What does the 63,475 restricted stock unit transaction mean for ACRS?
The 63,475 restricted stock units converted into an equal number of Aclaris common shares at a zero exercise price. This reflects equity compensation vesting for the CEO rather than an open-market purchase or sale, and is part of his previously granted stock awards.
How do the CEO’s restricted stock units in ACRS vest over time?
The restricted stock units vest in four equal annual installments on the first, second, third, and fourth anniversaries of February 3, 2025. Vesting is conditioned on the CEO’s continuous service under the company’s plan as of each applicable anniversary date.
Was the ACRS CEO’s Form 4 transaction an open-market stock trade?
No, the filing shows equity award activity rather than a typical market trade. Shares came from the vesting and settlement of restricted stock units at a zero exercise price, with a portion of shares withheld to satisfy tax withholding requirements, not sold on an exchange.