Allogene Therapeutics Board Member Receives Major Stock Incentive Package
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Allogene Therapeutics (ALLO) director Stephen Mayo received a significant equity grant on June 18, 2025, consisting of 95,400 Restricted Stock Units (RSUs). The RSUs will vest in two equal semi-annual installments over a one-year period from the grant date.
Key terms of the RSU grant:
- Each RSU represents one share of common stock
- Grant price: $0
- Mayo elected to defer receipt of shares until either:
- 30 days after Board separation
- Company change in control
This Form 4 filing, executed by Earl Douglas as attorney-in-fact on June 20, 2025, reflects standard non-employee director compensation practices. The grant strengthens Mayo's alignment with shareholder interests through increased equity ownership.
Positive
- Director Stephen Mayo received a significant equity grant of 95,400 RSUs, demonstrating strong alignment with shareholder interests through deferred vesting and holding requirements
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mayo Stephen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 95,400 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 95,400 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
How many Restricted Stock Units (RSUs) did Stephen Mayo receive from ALLO on June 18, 2025?
Stephen Mayo received 95,400 Restricted Stock Units (RSUs) from Allogene Therapeutics (ALLO) on June 18, 2025. Each RSU represents a contingent right to receive one share of the Company's Common Stock.
What is the vesting schedule for ALLO director Stephen Mayo's RSU grant?
The RSUs will vest in two equal semi-annual installments over a one-year period from the date of grant (June 18, 2025), subject to continued service through the vesting date.
When will Stephen Mayo receive the ALLO common stock from his RSU grant?
Mayo has elected to defer the receipt of Common Stock from the vesting of his RSUs until the earlier of: (1) 30 days following separation from the Board, or (2) a change in control of the Company, pursuant to ALLO's Non-Employee Director Compensation Policy.
What was the purchase price of the RSUs granted to ALLO director Stephen Mayo?
The RSUs were granted to Stephen Mayo at a price of $0, as indicated in column 8 (Price of Derivative Security) of Table II in the Form 4 filing.