Adagio Medical (ADGM) awards 30,000 stock options to director Sandra Gardiner
Rhea-AI Filing Summary
Adagio Medical Holdings, Inc. reported that director Sandra A. Gardiner received a grant of 30,000 non-qualified stock options on June 16, 2026 under the Non-Employee Director Compensation Policy and 2024 Equity Incentive Plan. The options have an exercise price of $0.7103 per share and expire on June 16, 2036. They vest in equal monthly installments over one year, with 1/12 of the underlying shares vesting at the end of each month of continuous service after the June 16, 2026 vesting commencement date, resulting in 30,000 options held directly after this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GARDINER SANDRA A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-qualified stock option (right to buy) F1 | 30,000 | $0.00 | $0.00 |
Holdings After Transaction:
Non-qualified stock option (right to buy) — 30,000 shares (Direct)
Footnotes (1)
- F1. Annual stock option granted under the Issuer's Non-Employee Director Compensation Policy and the Issuer's 2024 Equity Incentive Plan (the "Option"). The Option will vest in equal monthly installments over a one-year period, whereby 1/12th of shares underlying the Option shall vest in equal monthly installments at the conclusion of each month of continuous service after the vesting commencement date of 06/16/2026.
Key Figures
Options granted: 30,000 options
Exercise price: $0.7103 per share
Options outstanding after grant: 30,000 options
+2 more
5 metrics
Options granted
30,000 options
Non-qualified stock option grant to director on June 16, 2026
Exercise price
$0.7103 per share
Exercise price of non-qualified stock options granted
Options outstanding after grant
30,000 options
Total options held directly by reporting person following transaction
Option expiration date
June 16, 2036
Expiration date of granted non-qualified stock options
Vesting schedule length
1 year
Options vest in 12 equal monthly installments after June 16, 2026
Key Terms
Non-qualified stock option, Equity Incentive Plan, continuous service
3 terms
Non-qualified stock option financial
"Non-qualified stock option granted under the Issuer's Non-Employee Director Compensation Policy"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
Equity Incentive Plan financial
"granted under the Issuer's Non-Employee Director Compensation Policy and the Issuer's 2024 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
continuous service financial
"shall vest in equal monthly installments at the conclusion of each month of continuous service"
FAQ
What did ADGM director Sandra A. Gardiner report on this Form 4?
Sandra A. Gardiner reported a grant of 30,000 non-qualified stock options for Adagio Medical Holdings, Inc. The options were awarded as director compensation and are held directly following the transaction, with future vesting based on continued board service.
What are the key terms of Sandra Gardiner’s ADGM stock option grant?
The grant covers 30,000 non-qualified stock options with an exercise price of $0.7103 per share, expiring on June 16, 2036. These options were issued under Adagio Medical Holdings, Inc.’s Non-Employee Director Compensation Policy and 2024 Equity Incentive Plan.
How do the ADGM options granted to Sandra Gardiner vest?
The 30,000 options vest in equal monthly installments over one year. 1/12 of the shares underlying the option vest at the end of each month of continuous service after the June 16, 2026 vesting commencement date, aligning vesting with ongoing board service.
Did Adagio Medical Holdings, Inc. report any stock sales by Sandra Gardiner in this Form 4?
No stock sales were reported. The Form 4 shows only a grant/award acquisition of 30,000 non-qualified stock options. The transaction is coded as “A,” indicating a grant or other acquisition, with no corresponding sale or disposition in this filing.
Is this ADGM Form 4 transaction part of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote references a trading plan. The reported transaction is characterized as an annual stock option grant under the company’s director compensation policy and equity plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
