Alnylam (NASDAQ: ALNY) CEO granted stock awards and automatic tax-cover share sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALNYLAM PHARMACEUTICALS, INC. reported multiple equity transactions for Chief Executive Officer Yvonne Greenstreet. She received a grant of 30,425 stock options and 110,746 stock price performance stock units, both at a price of $0.00 per share. She also acquired 13,844 shares of common stock, including restricted stock units under the 2018 Stock Incentive Plan that vest over three years and shares acquired through the company’s 401(k) matching program. On the same date, a total of 6,799 shares of common stock were sold in a series of market transactions at weighted average prices around $323–$333 per share, which the company indicates were automatically sold to cover minimum statutory tax withholding obligations on the awards. Following these transactions, she directly held 98,628 shares of common stock and maintained additional indirect ownership through a managed account, and the performance units may vest on December 31, 2029 depending on future stock price performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,799 shares ($2,227,698)
Net Sell
14 txns
Insider
Greenstreet Yvonne
Role
Chief Executive Officer
Sold
6,799 shs ($2.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 30,425 | $0.00 | -- |
| Grant/Award | Stock Price Performance Stock Unit | 110,746 | $0.00 | -- |
| Grant/Award | Common Stock | 13,844 | $0.00 | -- |
| Sale | Common Stock | 200 | $323.62 | $65K |
| Sale | Common Stock | 382 | $324.65 | $124K |
| Sale | Common Stock | 1,098 | $325.63 | $358K |
| Sale | Common Stock | 1,669 | $326.81 | $545K |
| Sale | Common Stock | 1,399 | $327.67 | $458K |
| Sale | Common Stock | 424 | $328.71 | $139K |
| Sale | Common Stock | 722 | $329.71 | $238K |
| Sale | Common Stock | 346 | $330.85 | $114K |
| Sale | Common Stock | 399 | $331.93 | $132K |
| Sale | Common Stock | 160 | $332.64 | $53K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 30,425 shares (Direct);
Stock Price Performance Stock Unit — 110,746 shares (Direct);
Common Stock — 105,427 shares (Direct);
Common Stock — 407 shares (Indirect, by Managed Account)
Footnotes (1)
- These shares are represented by restricted stock units (RSUs) granted under the Second Amended and Restated 2018 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of common stock. The RSUs will vest over a three-year period, with one third vesting on each of the first, second and third anniversaries of the grant date, subject to the Reporting Persons continuous service with the Issuer as of each such vesting date. Represents shares automatically sold by the Company on behalf of the reporting person pursuant to a mandatory sell-to-cover provision in the award agreement to cover minimum statutory tax withholding obligations. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $323.16 to $324.15. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $324.20 to $325.20. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $325.21 to $326.21. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $326.23 to $327.23. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $327.24 to $328.24. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $328.28 to $329.26. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $329.29 to $330.29. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $330.30 to $331.30. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $331.32 to $332.31. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $332.34 to $332.24. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. Reflects shares of ALNY common stock acquired by the Reporting Person under the issuer 401(k) plan as a result of the issuer 401(k) matching contribution program. The stock option vests as to 25% of the shares on the first anniversary of the grant date and the remaining shares vest in equal installments at the end of each successive three-month period thereafter until the fourth anniversary of the grant date, subject to the Reporting Persons continuous service with the Issuer as of each such vesting date. Stock price performance unit award (PSU) granted pursuant to the Second Amended and Restated 2018 Stock Incentive Plan. The amount reported is the maximum number of PSUs that may be earned upon achievement of pre-set stock price thresholds. Subject to the terms and conditions of the PSU award agreement, the PSU vests on December 31, 2029 (Vesting Date) and between 50% and 200% of the target number of 55,373 PSUs may be earned if the highest average closing price that is achieved over a 30 consecutive trading period (Future Average Stock Price) in the six months preceding the vesting date (Measurement Period) meets or exceeds certain thresholds. If the Future Average Stock Price does not meet or exceed the baseline threshold price during the Measurement Period, no portion of the PSU will be earned, and all PSUs will be forfeited on the Vesting Date.
FAQ
What equity awards did ALNY (Alnylam) CEO Yvonne Greenstreet receive in this Form 4?
Yvonne Greenstreet received 30,425 stock options and 110,746 stock price performance stock units at $0.00 per share, plus 13,844 common shares including restricted stock units and 401(k) match shares, all granted as part of her compensation package.
How do the stock price performance units for ALNY’s CEO vest and what are the conditions?
The performance stock units may vest on December 31, 2029, with 50% to 200% of a 55,373-unit target potentially earned if the highest 30-day average closing price in the preceding six months meets preset stock price thresholds; otherwise, all units are forfeited.
What vesting schedule applies to the ALNY stock options granted to the CEO?
The stock option for 30,425 shares vests 25% on the first anniversary of the grant date, with the remaining shares vesting in equal quarterly installments until the fourth anniversary, contingent on Yvonne Greenstreet’s continuous service with Alnylam through each vesting date.