Alector (ALEC) director awarded stock and options vesting through 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Altmeyer Mark reported acquisition or exercise transactions in this Form 4 filing.
Alector, Inc. director Mark Altmeyer reported equity awards consisting of restricted stock units and stock options. He received 28,700 RSUs representing shares of common stock, which vest on the earlier of June 17, 2027 or the company’s next annual stockholder meeting. He was also granted options for 9,450 shares of common stock, vesting in 12 equal monthly installments beginning July 17, 2026, or in full on the earlier of one year from grant or the next annual meeting. Following these awards, he directly holds 98,650 shares of common stock and 9,450 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Altmeyer Mark
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 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
Option grant: 9,450 options
Shares held after awards: 98,650 shares
+4 more
7 metrics
RSU grant
28,700 shares
Restricted stock units vesting by June 17, 2027 or next annual meeting
Option grant
9,450 options
Stock options on common stock granted as of June 17, 2026
Shares held after awards
98,650 shares
Common stock directly owned following the RSU grant
Options held after awards
9,450 options
Total stock options following the new grant
RSU vesting date
June 17, 2027
Latest vesting date, or earlier at next annual meeting
Option vesting start
July 17, 2026
Monthly option vesting begins on this date
Option expiration
June 16, 2036
Expiration date for the stock options
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 June 17, 2027 or the next annual meeting."
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 June 17, 2027 or the next annual meeting."
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
"RSUs and options vest on the earlier of specified dates or the Issuer's next annual meeting of stockholders."
vesting financial
"The RSUs and options vest over time, including monthly installments and full vesting tied to future dates or meetings."
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 insider transactions did Alector (ALEC) director Mark Altmeyer report?
Mark Altmeyer reported receiving equity awards in Alector common stock. He acquired 28,700 restricted stock units and stock options for 9,450 shares, both granted at no cash cost as compensation-related awards rather than open-market purchases.
When do Mark Altmeyer’s new Alector (ALEC) RSUs vest?
The 28,700 restricted stock units vest on the earlier of June 17, 2027 or the date of Alector’s next annual meeting of stockholders. Vesting means the RSUs convert into common shares that the director can own outright, subject to plan terms.
What are the vesting terms for Mark Altmeyer’s Alector (ALEC) stock options?
The options on 9,450 Alector shares vest in 12 equal monthly installments beginning July 17, 2026. They will vest in full sooner if reached by the one-year anniversary of grant or the date of Alector’s next annual stockholder meeting.
Are Mark Altmeyer’s Alector (ALEC) transactions open-market buys or equity awards?
These transactions are classified as awards, not open-market purchases. The Form 4 uses transaction code “A” for grant or award, and the reported price per share is zero, indicating compensation-related equity grants rather than cash share purchases.
What type of securities did Alector (ALEC) grant to director Mark Altmeyer?
Alector granted two types of securities: 28,700 restricted stock units representing common shares, and options to purchase 9,450 shares of common stock. Both are equity-based compensation instruments designed to align the director’s interests with shareholders.