Equity grants lift Alector (ALEC) director Errol DeSouza’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DESOUZA ERROL B reported acquisition or exercise transactions in this Form 4 filing.
Alector, Inc. director Errol B. DeSouza received equity compensation consisting of restricted stock units and stock options. He was granted 28,700 RSUs representing common stock, bringing his direct common stock holdings to 98,650 shares after the award.
The RSUs vest on the earlier of June 16, 2027 or Alector’s next annual stockholder meeting. DeSouza was also granted options over 9,450 shares of common stock, which vest in 12 equal monthly installments beginning July 17, 2026, and fully vest on the earlier of the one-year anniversary of grant or the next annual meeting, and expire on June 16, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DESOUZA ERROL B
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 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 9,450 shares (Direct, null);
Common Stock — 98,650 shares (Direct, null)
Footnotes (1)
- The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 16, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders. 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
Common shares after grant: 98,650 shares
Stock options granted: 9,450 options
+4 more
7 metrics
RSU grant
28,700 shares
Restricted stock units representing common stock granted to director
Common shares after grant
98,650 shares
Direct common stock holdings following RSU award
Stock options granted
9,450 options
Options over common stock granted to director
Option exercise price
$0.00 per share
Conversion or exercise price for the new stock options
Option expiration
June 16, 2036
Expiration date of the granted stock options
RSU vesting date
June 16, 2027
RSUs vest on this date or earlier if next annual meeting occurs
Option vesting start
July 17, 2026
Monthly vesting of options begins on this date
Key Terms
restricted stock units, RSUs, Stock Option (right to buy), annual meeting of stockholders, +1 more
5 terms
restricted stock units financial
"The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 16, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders."
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 on the earlier of (i) June 16, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders."
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
"Stock Option (right to buy) listed as a derivative security with underlying Common Stock."
annual meeting of stockholders financial
"…or (ii) the date of the Issuer's next annual meeting of stockholders."
vesting financial
"The shares subject to the option vest in 12 equal monthly installments beginning on July 17, 2026…"
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.
FAQ
What did Alector (ALEC) director Errol B. DeSouza receive in this Form 4?
Errol B. DeSouza received equity compensation awards, including 28,700 restricted stock units and stock options over 9,450 shares. These awards increase his direct equity stake in Alector and are structured to vest over time based on continued service.
When do Errol B. DeSouza’s new Alector (ALEC) RSUs vest?
The 28,700 restricted stock units vest on the earlier of June 16, 2027, or the date of Alector’s next annual meeting of stockholders. This time-based vesting design aligns the director’s compensation with ongoing board service over the coming period.
What are the key terms of the new Alector (ALEC) stock options granted?
The stock options cover 9,450 shares of Alector common stock and were granted at an exercise price of $0.00 per share. They vest in 12 equal monthly installments starting July 17, 2026, and fully vest by the earlier of one year after grant or the next annual meeting.
When do Errol B. DeSouza’s new Alector (ALEC) options expire?
The options granted to Errol B. DeSouza expire on June 16, 2036. If not exercised by that date, they will lapse. The long-dated expiration provides a substantial window for potential future exercise, subject to vesting and other plan conditions.
Is this Alector (ALEC) Form 4 a purchase or a compensation grant?
This Form 4 reflects compensation grants, not open-market purchases. The transactions use code “A” for grant or award, indicating restricted stock units and stock options were awarded to the director as part of his equity-based compensation package.