ADC Therapeutics (ADCT) director logs RSU grant and tax withholding on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ADC Therapeutics director Sandor Victor reported routine equity compensation and related tax withholding. On June 1, 2026, he received 45,000 Common Shares through a grant of restricted stock units under the 2019 Equity Incentive Plan at a stated price of $0.00 per share. These RSUs vest on the earlier of one year from grant or the 2027 Annual Meeting of Shareholders, subject to continued board service. On June 3, 2026, the company withheld 12,600 Common Shares at $3.08 per share to cover his tax obligations upon vesting of previously granted RSUs, a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, Victor directly owns 140,686 Common Shares of ADC Therapeutics.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sandor Victor
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 12,600 | $3.08 | $39K |
| Grant/Award | Common Shares | 45,000 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 140,686 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 size: 45,000 Common Shares
Tax withholding shares: 12,600 Common Shares
Withholding price: $3.08 per share
+2 more
5 metrics
RSU grant size
45,000 Common Shares
Annual director RSU grant on June 1, 2026
Tax withholding shares
12,600 Common Shares
Shares withheld for tax obligations on June 3, 2026
Withholding price
$3.08 per share
Value used for tax-withholding disposition
Shares owned after transactions
140,686 Common Shares
Direct ownership following grant and tax withholding
Transaction codes
A (grant) and F (tax withholding)
Non-derivative Form 4 transactions reported
Key Terms
restricted stock units ("RSUs"), 2019 Equity Incentive Plan, tax withholding obligations, grant, award, or other acquisition, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents the annual grant of restricted stock units ("RSUs") made under the Issuer's 2019 Equity Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2019 Equity Incentive Plan financial
"made under the Issuer's 2019 Equity Incentive Plan for service as a Director"
tax withholding obligations financial
"withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting"
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) director Sandor Victor report?
Director Sandor Victor reported a routine equity grant and tax withholding. He received 45,000 ADC Therapeutics Common Shares via restricted stock units and had 12,600 shares withheld by the company to satisfy tax obligations tied to vesting of earlier RSU awards.
When do Sandor Victor’s new ADC Therapeutics (ADCT) RSUs vest?
The restricted stock units granted to Victor vest on the earlier of one year from the June 1, 2026 grant date or the 2027 Annual Meeting of Shareholders. Vesting remains contingent on his continued service as a director of ADC Therapeutics until that time.