Alector (NASDAQ: ALEC) director receives new RSU and stock option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GAROFALO ELIZABETH A. reported acquisition or exercise transactions in this Form 4 filing.
Alector, Inc. director Elizabeth A. Garofalo received new equity compensation on June 17, 2026. She was granted 28,700 shares of Common Stock in the form of restricted stock units that vest on the earlier of June 17, 2027 or the date of Alector’s next annual stockholder meeting.
On the same date, she was also granted stock options covering 9,450 shares of Common Stock. These options vest 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 stockholder meeting, and expire on June 16, 2036. Following these awards, she directly holds 118,650 shares of Common Stock and 9,450 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GAROFALO ELIZABETH A.
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 — 118,650 shares (Direct, null)
Footnotes (1)
- The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 17, 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
Stock options granted: 9,450 options
Common shares held: 118,650 shares
+2 more
5 metrics
RSU grant
28,700 shares
Restricted stock units granted on June 17, 2026
Stock options granted
9,450 options
Options on Common Stock granted on June 17, 2026
Common shares held
118,650 shares
Total Common Stock directly held after transaction
Option expiration
June 16, 2036
Expiration date of granted stock options
Monthly vesting schedule
12 installments
Options vest in 12 equal monthly installments from July 17, 2026
Key Terms
restricted stock units, RSUs, stock option, vest, +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..."
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..."
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 financial
"The shares subject to the option vest in 12 equal monthly installments..."
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.
vest financial
"which vest on the earlier of (i) June 17, 2027 or (ii) the date of the Issuer's next annual meeting..."
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.
annual meeting of stockholders financial
"or (ii) the date of the Issuer's next annual meeting of stockholders."
FAQ
What equity awards did Alector (ALEC) director Elizabeth Garofalo receive?
Elizabeth Garofalo received 28,700 restricted stock units and stock options on 9,450 shares of Alector Common Stock. These awards represent equity compensation tied to her board service and follow specific vesting schedules linked to future dates and the next annual stockholder meeting.
How do the new Alector (ALEC) RSUs granted to Elizabeth Garofalo vest?
The 28,700 restricted stock units vest on the earlier of June 17, 2027 or Alector’s next annual meeting of stockholders. This means vesting is tied to either the one-year mark or the timing of the company’s upcoming annual stockholder meeting, whichever comes first.
What is the vesting schedule for Elizabeth Garofalo’s Alector (ALEC) stock options?
The stock options on 9,450 Alector shares vest in 12 equal monthly installments starting July 17, 2026. All remaining options vest on the earlier of the one-year anniversary of the grant date or the next annual stockholder meeting, aligning vesting with ongoing board service.
When do Elizabeth Garofalo’s Alector (ALEC) stock options expire?
The granted stock options expire on June 16, 2036, giving a long exercise window. This expiration date defines how long she may exercise the options after they vest, subject to any additional company or plan conditions that may apply to option exercises over time.