Alector (NASDAQ: ALEC) director receives RSU and stock option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LAVIGNE LOUIS J JR reported acquisition or exercise transactions in this Form 4 filing.
Alector, Inc. director Louis J. Lavigne Jr. reported new equity compensation awards. He received 28,700 shares of common stock in the form of restricted stock units (RSUs) at no cost. These RSUs vest on the earlier of June 17, 2027 or Alector’s next annual meeting of stockholders.
He was also granted a stock option covering 9,450 shares of common stock, vesting in 12 equal monthly installments beginning July 17, 2026, with full vesting on the earlier of the one-year anniversary of grant or the next annual meeting. The option expires on June 16, 2036. Following these grants, he holds 128,109 common shares directly and 10,552 common shares indirectly through Lavrite, LLC, for which he serves as managing director.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
LAVIGNE LOUIS J JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 9,450 | $0.00 | -- |
| Grant/Award | Common Stock | 28,700 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 9,450 shares (Direct, null);
Common Stock — 128,109 shares (Direct, null);
Common Stock — 10,552 shares (Indirect, See footnote)
Footnotes (1)
- The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 17, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders. The shares held of record by Lavrite, LLC, for which the reporting person serves as managing director. The shares subject to the option vest in 12 equal monthly installments beginning on July 17, 2026, provided that the shares subject to the option will vest in full on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders.
Key Figures
RSU grant: 28,700 shares
Stock option grant: 9,450 shares
Option vesting schedule: 12 monthly installments
+3 more
6 metrics
RSU grant
28,700 shares
Restricted stock units vest by June 17, 2027 or next annual meeting
Stock option grant
9,450 shares
Option on common stock granted June 17, 2026
Option vesting schedule
12 monthly installments
Vesting begins July 17, 2026
Option expiration
June 16, 2036
Expiration date of stock option grant
Direct common shares
128,109 shares
Direct holdings after reported transactions
Indirect common shares
10,552 shares
Indirect holdings via Lavrite, LLC
Key Terms
restricted stock units, RSUs, Stock Option (right to buy), vest in 12 equal monthly installments, +1 more
5 terms
restricted stock units financial
"The reported shares are represented by restricted stock units, or RSUs, which vest..."
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.
RSUs financial
"The reported shares are represented by restricted stock units, or RSUs, which vest..."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Stock Option (right to buy) financial
"security_title": "Stock Option (right to buy)""
vest in 12 equal monthly installments financial
"The shares subject to the option vest in 12 equal monthly installments..."
annual meeting of stockholders financial
"the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders."
FAQ
What equity awards did Alector (ALEC) director Louis J. Lavigne Jr. receive?
Louis J. Lavigne Jr. received 28,700 restricted stock units and a stock option for 9,450 shares. The RSUs vest by June 17, 2027 or the next annual meeting, while the option vests monthly starting July 17, 2026 and expires June 16, 2036.
How do the new RSUs for Alector (ALEC) director Louis J. Lavigne Jr. vest?
The 28,700 RSUs vest on the earlier of June 17, 2027 or Alector’s next annual meeting of stockholders. This structure ties vesting to either a fixed calendar date or the company’s shareholder meeting schedule, whichever comes first.
What are the terms of the new stock option reported for Alector (ALEC)?
The Form 4 shows a stock option for 9,450 shares of Alector common stock. It vests in 12 equal monthly installments starting July 17, 2026 and will be fully vested by the earlier of one year after grant or the next annual meeting, expiring June 16, 2036.
What is Lavrite, LLC’s role in Louis J. Lavigne Jr.’s Alector (ALEC) holdings?
The Form 4 states that 10,552 Alector common shares are held of record by Lavrite, LLC. Louis J. Lavigne Jr. serves as managing director of Lavrite, LLC, and this entity is reported as the holder of his indirect ownership position in those shares.
Are the Alector (ALEC) equity awards to Louis J. Lavigne Jr. open-market purchases?
No, the reported transactions are compensation-related grants, not open-market purchases. The Form 4 classifies both the 28,700 RSUs and the 9,450-share stock option as acquisitions under transaction code “A,” meaning they were granted at no purchase price per share.