Alkermes plc (NASDAQ: ALKS) grants CEO new performance and time-based options
Rhea-AI Filing Summary
Alkermes plc reported that President & CEO Jackson Blair Curtis received two grants of Employee Stock Options on 2026-08-05. One award covers 93,229 options with an exercise price of $49.6100 per share, vesting in four equal annual installments commencing on 8/5/2027 and expiring on 2036-08-05. A second award covers 124,305 options at the same exercise price and expiration, vesting in two tranches only if Alkermes’s ordinary share trades at certain pre-specified price levels for 30 consecutive trading days and after two years of continuous service as CEO, or less in the event of a change in control.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Jackson Blair Curtis
Role
President & CEO, Alkermes plc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) F1, F2 | 93,229 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (Right to Buy) F1, F3 | 124,305 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 217,534 shares (Direct)
Footnotes (3)
- F1. This award was granted in connection with the reporting person's appointment as President and Chief Executive Officer.
- F2. Shares underlying the stock option vest and become exercisable in four equal annual installments, commencing on 8/5/2027.
- F3. Shares underlying the stock option shall vest and become exercisable, if at all, in two tranches based upon the closing price of an ordinary share of Alkermes plc, as reported by the Nasdaq Global Select Market or another national securities exchange on which Alkermes plc's ordinary shares are listed, trading at certain pre-specified levels for 30 consecutive trading days, subject in each case to the reporting person's completion of two years of continuous service (or less, in the event of a change in control) in the role of President and Chief Executive Officer. This award expires ten years from the date of grant.
Key Figures
Time-based stock options granted: 93,229 options
Performance-based stock options granted: 124,305 options
Exercise price per option: $49.6100 per share
+3 more
6 metrics
Time-based stock options granted
93,229 options
Employee Stock Option grant on 2026-08-05, vesting over four years
Performance-based stock options granted
124,305 options
Employee Stock Option grant on 2026-08-05 with price and service conditions
Exercise price per option
$49.6100 per share
Conversion or exercise price for both Employee Stock Option awards
Option expiration date
2036-08-05
Both CEO stock option awards expire ten years from the grant date
Time-vested award start
8/5/2027
Vesting of 93,229 options commences on this date in four equal installments
Service period for performance award
2 years
Continuous service as President and CEO required for performance-based vesting
Key Terms
Employee Stock Option (Right to Buy), vest and become exercisable, pre-specified levels, change in control
4 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
vest and become exercisable financial
"Shares underlying the stock option vest and become exercisable in four equal annual installments"
pre-specified levels financial
"trading at certain pre-specified levels for 30 consecutive trading days"
change in control financial
"or less, in the event of a change in control) in the role of President"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock option grants did Alkermes (ALKS) CEO Jackson Blair Curtis receive?
Jackson Blair Curtis received two Employee Stock Option awards on 2026-08-05: one for 93,229 options and another for 124,305 options, each over ordinary shares with a $49.6100 exercise price and expiration on 2036-08-05.
How do the time-based stock options for Alkermes (ALKS) CEO vest?
The time-based award of 93,229 stock options vests in four equal annual installments, commencing on 8/5/2027. Once vested, these options become exercisable at an exercise price of $49.6100 per ordinary share until 2036-08-05.
What performance conditions apply to the 124,305 Alkermes (ALKS) CEO stock options?
The 124,305 stock options vest in two tranches only if Alkermes’s ordinary shares trade at pre-specified price levels for 30 consecutive trading days, and after two years of continuous service as President and CEO, subject to change-in-control provisions.
Why were these stock options granted to the Alkermes (ALKS) CEO?
The filing states the awards were granted in connection with Jackson Blair Curtis’s appointment as President and Chief Executive Officer of Alkermes plc, aligning his compensation with company performance through equity-based incentives over a multi-year period.
What is the term of the new Alkermes (ALKS) CEO stock options?
Both stock option awards expire on 2036-08-05, giving Jackson Blair Curtis up to ten years from the grant date to exercise vested options at the $49.6100 per share exercise price, subject to each award’s vesting conditions.