AGIOS director exercises 1,976 RSUs into shares
AGIOS PHARMACEUTICALS director Catherine Owen Adams exercised restricted stock units into common stock.
Rhea-AI Filing Summary
AGIOS PHARMACEUTICALS director Catherine Owen Adams exercised restricted stock units into common stock. She converted 1,976 restricted stock units into 1,976 shares of common stock at a stated price of $0.00 per share and did not sell any shares. Following the transaction, she directly holds 8,049 shares of common stock. The restricted stock units were granted on June 13, 2023 and vest in three equal annual installments beginning on June 13, 2024, with vested shares delivered within three business days after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,976 shares exercised/converted
Exercise
2 txns
Insider
Owen Adams Catherine
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted stock units | 1,976 | $0.00 | $0.00 |
| Exercise | Common stock | 1,976 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted stock units — 0 contracts (Direct);
Common stock — 8,049 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F2. The restricted stock units were granted on June 13, 2023. Beginning on June 13, 2024, the shares underlying the stock units will vest in three equal annual installments. Vested shares will be delivered to the reporting person within three business days after such shares become vested.
Key Figures
RSUs exercised: 1,976 units
Shares received: 1,976 shares
Post-transaction holdings: 8,049 shares
+2 more
5 metrics
RSUs exercised
1,976 units
Restricted stock units converted to common stock on June 13, 2026
Shares received
1,976 shares
Common stock issued from RSU conversion at $0.00 per share
Post-transaction holdings
8,049 shares
Total AGIOS common stock directly held after the transaction
RSU grant date
June 13, 2023
Grant date of the restricted stock units that were exercised
Vesting schedule
3 equal annual installments
Beginning June 13, 2024, with delivery within three business days
Key Terms
restricted stock units, derivative security, vest
3 terms
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock."
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vest financial
"Beginning on June 13, 2024, the shares underlying the stock units will vest in three equal annual installments."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AGIOS (AGIO) report for Catherine Owen Adams?
AGIOS reported that director Catherine Owen Adams exercised 1,976 restricted stock units into 1,976 shares of common stock at a stated price of $0.00 per share, with no shares sold in this filing.
What happened to the restricted stock units in the AGIOS (AGIO) Form 4?
The Form 4 shows 1,976 restricted stock units converted into 1,976 shares of AGIOS common stock. After this conversion, the reported balance of these restricted stock units is 0, indicating this specific RSU position was fully settled into shares.
When were Catherine Owen Adams’ AGIOS (AGIO) restricted stock units granted and how do they vest?
The restricted stock units were granted on June 13, 2023 and begin vesting on June 13, 2024. The shares underlying the units vest in three equal annual installments, with vested shares delivered within three business days after each vesting date.
Did the AGIOS (AGIO) Form 4 disclose any stock sales by Catherine Owen Adams?
The Form 4 does not report any stock sales by Catherine Owen Adams. It records the exercise and conversion of 1,976 restricted stock units into common shares, with no dispositions or open-market sales included in the reported transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
