Director Wright of Agenus (NASDAQ: AGEN) granted deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AGENUS INC director Timothy Wright reported a routine compensation grant of Deferred Stock Units. On July 1, 2026, he acquired 2,267.765 Deferred Stock Units, each tied to the company’s common stock on a 1-for-1 basis under the directors’ deferred compensation plan.
The units were valued at $3.583 per Deferred Stock Unit, based on the average closing price of the company’s stock during the prior calendar quarter. Following this award, Wright holds a total of 26,180.771 Deferred Stock Units, which are typically settled in common shares after he ceases serving as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wright Timothy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 2,267.765 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 26,180.771 shares (Direct, null)
Footnotes (1)
- Deferred Stock Units convert to shares of Common Stock on a 1 for 1 basis. Acquired under the Agenus Inc. Amended and Restated Directors' Deferred Compensation Plan, as amended (the "Plan"). Deferred Stock Units represent an equal amount of the Company's common stock to be distributed under the terms of the Plan, typically once the director ceases to serve as a director of the Company. $3.583 per Deferred Stock Unit acquired on July 1, 2026. The price of each Deferred Stock Unit acquired on July 1, 2026 is the average of the closing price for the Company's common stock for all trading days during the calendar quarter immediately preceding the date such Deferred Stock Unit was acquired pursuant to the Plan.
Key Figures
Deferred Stock Units granted: 2,267.765 units
Unit reference price: $3.583 per unit
Deferred Stock Units after grant: 26,180.771 units
+1 more
4 metrics
Deferred Stock Units granted
2,267.765 units
Grant dated July 1, 2026
Unit reference price
$3.583 per unit
Average closing price for prior calendar quarter
Deferred Stock Units after grant
26,180.771 units
Holdings following July 1, 2026 transaction
Conversion ratio
1 unit : 1 share
Deferred Stock Units to common stock
Key Terms
Deferred Stock Units, Amended and Restated Directors' Deferred Compensation Plan, Common Stock
3 terms
Deferred Stock Units financial
"Deferred Stock Units convert to shares of Common Stock on a 1 for 1 basis."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Amended and Restated Directors' Deferred Compensation Plan financial
"Acquired under the Agenus Inc. Amended and Restated Directors' Deferred Compensation Plan, as amended (the "Plan")."
Common Stock financial
"Deferred Stock Units convert to shares of Common Stock on a 1 for 1 basis."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Agenus (AGEN) director Timothy Wright report?
Director Timothy Wright reported a grant of 2,267.765 Deferred Stock Units. These units are a form of stock-based director compensation that later convert into Agenus common shares under the company’s directors’ deferred compensation plan.
How many Deferred Stock Units did Timothy Wright receive from Agenus (AGEN)?
Timothy Wright received 2,267.765 Deferred Stock Units. Each unit is linked to one share of Agenus common stock, giving him additional equity-based compensation that will generally be delivered after he leaves the board.
At what reference price were Timothy Wright’s Agenus (AGEN) Deferred Stock Units valued?
The Deferred Stock Units were valued at $3.583 per unit. This price equals the average closing price of Agenus common stock for all trading days in the calendar quarter immediately before the July 1, 2026 grant date.
How many Agenus (AGEN) Deferred Stock Units does Timothy Wright hold after this grant?
After the July 1, 2026 grant, Timothy Wright holds 26,180.771 Deferred Stock Units. These units represent an equivalent number of Agenus common shares that will be distributed according to the terms of the directors’ deferred compensation plan.
When will Timothy Wright’s Agenus (AGEN) Deferred Stock Units typically be paid out?
The Deferred Stock Units are typically distributed once Timothy Wright ceases to serve as a director. At that time, each unit converts into one share of Agenus common stock, following the provisions of the Amended and Restated Directors’ Deferred Compensation Plan.