ADC Therapeutics (ADCT) director granted 45K RSUs, 2.6K shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ADC Therapeutics SA director Viviane Monges reported routine equity compensation and related tax withholding. She was granted 45,000 restricted stock units for her service as a director under the company’s 2019 Equity Incentive Plan, with each unit representing one common share.
In a separate transaction tied to the vesting of previously granted restricted share units, 2,596 common shares were withheld by the company to satisfy her tax withholding obligations at a price of $3.08 per share. After these transactions, she directly owns 186,447 common shares. These events reflect compensation and tax mechanics, not open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Monges Viviane
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 2,596 | $3.08 | $8K |
| Grant/Award | Common Shares | 45,000 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 186,447 shares (Direct, null)
Footnotes (1)
- Represents the annual grant of restricted stock units ("RSUs") made under the Issuer's 2019 Equity Incentive Plan for service as a Director. The RSUs vest on the earlier of (i) one year from the grant date or (ii) the date of the 2027 Annual Meeting of Shareholders, subject to the Reporting Person's continued service to the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Represents the number of Common Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted share units previously granted.
Key Figures
RSU grant: 45,000 units
Tax withholding shares: 2,596 shares
Withholding price: $3.08 per share
+3 more
6 metrics
RSU grant
45,000 units
Annual director grant under 2019 Equity Incentive Plan
Tax withholding shares
2,596 shares
Withheld to satisfy tax obligations on RSU vesting
Withholding price
$3.08 per share
Value used for shares withheld for taxes
Shares owned after transactions
186,447 shares
Direct common share ownership following reported transactions
Tax withholding count
1 transaction
F-code disposition for tax obligations
Grant/acquisition count
1 transaction
A-code grant or award acquisition
Key Terms
restricted stock units, 2019 Equity Incentive Plan, tax withholding obligations, grant, award, or other acquisition, +1 more
5 terms
restricted stock units financial
"Represents the annual grant of restricted stock units ("RSUs") made under the Issuer's 2019 Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2019 Equity Incentive Plan financial
"annual grant of restricted stock units ("RSUs") made under the Issuer's 2019 Equity Incentive Plan for service as a Director"
tax withholding obligations financial
"Common Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted share units"
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
Payment of exercise price or tax liability by delivering securities financial
"transaction code description: Payment of exercise price or tax liability by delivering securities"
FAQ
What insider transactions did ADC Therapeutics (ADCT) report for Viviane Monges?
ADC Therapeutics reported that director Viviane Monges received a grant of 45,000 restricted stock units and had 2,596 common shares withheld to cover tax obligations from prior RSU vesting, leaving her with 186,447 common shares owned directly.
What are Viviane Monges’ ADC Therapeutics (ADCT) holdings after these transactions?
Following the reported RSU grant and tax-related share withholding, Viviane Monges directly owns 186,447 ADC Therapeutics common shares. The Form 4 indicates these are held as direct ownership, reflecting her ongoing equity stake as a member of the board.
How do the RSUs granted to ADC Therapeutics (ADCT) director Viviane Monges vest?
The RSUs granted to Viviane Monges vest on the earlier of one year from the grant date or the date of ADC Therapeutics’ 2027 Annual Meeting of Shareholders, provided she continues serving as a director. Each vested RSU converts into one common share.