Agenus Inc. (AGEN) awards 50,000 stock options to director Wright
Rhea-AI Filing Summary
Agenus Inc. reported that director Timothy Wright received a grant of 50,000 stock options under its 2019 Amended and Restated Equity Incentive Plan. The options have an exercise price of $7.78 per share, expire on August 5, 2036, and vest over three years with one-third after one year and the remainder in two equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wright Timothy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option F1 | 50,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option — 50,000 shares (Direct)
Footnotes (1)
- F1. Option awarded in accordance with the Agenus Inc. 2019 Amended and Restated Equity Incentive Plan, and vest over three (3) years, with one-third (1/3) vesting on the first anniversary of the Grant Date and the remaining two-thirds (2/3) vesting in two equal annual installments thereafter.
Key Figures
Stock options granted: 50,000 options
Exercise price: $7.78 per share
Underlying shares: 50,000 shares
+1 more
4 metrics
Stock options granted
50,000 options
Grant of stock options to director Timothy Wright on August 5, 2026
Exercise price
$7.78 per share
Exercise price for the 50,000 granted stock options
Underlying shares
50,000 shares
Underlying Agenus common stock for the option grant
Expiration date
August 5, 2036
Option term for the granted stock options
Key Terms
Stock Option, Equity Incentive Plan, vesting, exercise price, +1 more
5 terms
Stock Option financial
"The reporting person received a grant of Stock Option covering common stock."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Equity Incentive Plan financial
"Option awarded in accordance with the Agenus Inc. 2019 Amended and Restated 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.
vesting financial
"The options vest over three years, with one-third vesting after one year."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"The options have an exercise price of $7.78 per share."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"The options carry an expiration date of August 5, 2036."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Agenus (AGEN) report for Timothy Wright?
Agenus reported that director Timothy Wright received a grant of 50,000 stock options. These options relate to Agenus common stock and were awarded as part of his compensation under the company’s 2019 Amended and Restated Equity Incentive Plan.
What is the exercise price of Timothy Wright’s new Agenus (AGEN) stock options?
The granted options have an exercise price of $7.78 per share. This is the price at which Wright can buy Agenus common stock if he exercises the options, subject to the vesting schedule and option term.
When do Timothy Wright’s Agenus (AGEN) stock options vest?
The options vest over three years: one-third vests on the first anniversary of the grant date, with the remaining two-thirds vesting in two equal annual installments thereafter, assuming continued service under the plan’s terms.
What is the expiration date of Timothy Wright’s Agenus (AGEN) option grant?
The stock options are scheduled to expire on August 5, 2036. After this expiration date, any unexercised portion of the options will lapse and can no longer be used to acquire Agenus common stock.
Under which plan were Timothy Wright’s Agenus (AGEN) options granted?
The options were awarded under the Agenus Inc. 2019 Amended and Restated Equity Incentive Plan. This plan governs the terms of equity awards, including vesting, exercise conditions, and other requirements for participants.