Agios Pharmaceuticals CFO Awarded Stock as Company Hits Research Milestone
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Agios Pharmaceuticals (AGIO) Chief Financial Officer Cecilia Jones reported significant insider transactions on June 24, 2025. The transactions involved the vesting of performance share units (PSUs) and subsequent share disposals:
- Acquired 6,000 shares through the vesting of PSUs at $0 exercise price
- Sold 1,780 shares at $33.54 per share to cover tax withholding obligations
- Retained beneficial ownership of 30,049 shares following the transactions
The PSU vesting was triggered by achieving a specified research milestone, representing 50% of the original PSU grant from March 1, 2023. The remaining 50% will vest upon meeting a regulatory milestone. The share sale was executed under a pre-established Rule 10b5-1 trading plan, providing an affirmative defense against insider trading liability.
Positive
- Performance milestone achieved: Research milestone target met, triggering vesting of 50% of PSUs (6,000 shares) granted to CFO, indicating successful execution of company's research objectives
Negative
- None.
Insider Trade Summary
Net Seller: 1,780 shares ($59,701)
Net Sell
3 txns
Insider
Jones Cecilia
Role
Chief Financial Officer
Sold
1,780 shs ($60K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance share units | 6,000 | $0.00 | -- |
| Exercise | Common stock | 6,000 | $0.00 | -- |
| Sale | Common stock | 1,780 | $33.54 | $60K |
Holdings After Transaction:
Performance share units — 6,000 shares (Direct);
Common stock — 31,829 shares (Direct)
Footnotes (1)
- Shares sold to cover the tax withholding obligation in respect of vesting of the reporting person's performance share units. This transaction was effected pursuant to durable automatic sale instructions consistent with the affirmative defense to liability under Section 10(b) of the Securities Exchange Act of 1934 under Rule 10b5-1(c) promulgated under such Act. Such instructions were included in the reporting person's performance share unit agreement dated March 1, 2023. Each performance share unit represents a contingent right to receive one share of the issuer's common stock. The PSUs were granted on March 1, 2023. The PSUs vest as to 50% of the underlying shares upon the achievement of a specified research milestone and as to the remaining 50% of the underlying shares upon the achievement of a specified regulatory milestone. The performance criteria for the specified research milestone was determined to have been met on June 24, 2025, resulting in the vesting of the PSUs as to 50% of the underlying shares. Vested shares will be delivered to the reporting person within three business days after such shares become vested.