Arcturus Therapeutics (ARCT) CFO granted 100,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arcturus Therapeutics Holdings Inc. reported that its Chief Financial Officer, Dennis Mulroy, received a grant of employee stock options covering 100,000 shares of common stock. These options have an exercise price of $8.63 per share and expire on May 1, 2036.
The grant was made under the company’s Amended and Restated 2019 Omnibus Equity Incentive Plan as part of equity compensation. The underlying shares vest 25% on May 1, 2027, with the remaining 75% vesting in equal monthly installments over the next 36 months, encouraging longer-term alignment with shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MULROY DENNIS
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 100,000 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 100,000 shares (Direct, null)
Footnotes (1)
- Represents options to purchase shares of common stock granted pursuant to the Company's Amended and Restated 2019 Omnibus Equity Incentive Plan, as amended. The shares underlying this option vest 25% on May 1, 2027, the first anniversary of the date of grant, and the remainder vest in equal increments on each successive one-month anniversary thereafter for the next thirty-six months.
Key Figures
Option grant size: 100,000 options
Exercise price: $8.63 per share
Expiration date: May 1, 2036
+2 more
5 metrics
Option grant size
100,000 options
Employee stock options granted to CFO Dennis Mulroy
Exercise price
$8.63 per share
Exercise price for the granted employee stock options
Expiration date
May 1, 2036
Option expiration for the CFO’s 100,000 options
Initial vesting tranche
25% on May 1, 2027
First vesting event, one year after grant date
Remaining vesting period
36 monthly installments
Remaining 75% vests in equal monthly increments
Key Terms
Employee Stock Option (right to buy), Amended and Restated 2019 Omnibus Equity Incentive Plan, vest
3 terms
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
Amended and Restated 2019 Omnibus Equity Incentive Plan financial
"granted pursuant to the Company's Amended and Restated 2019 Omnibus Equity Incentive Plan, as amended."
vest financial
"The shares underlying this option vest 25% on May 1, 2027, the first anniversary of the date of grant, and the remainder vest in equal increments"
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.
FAQ
What insider transaction did Arcturus Therapeutics (ARCT) report for its CFO?
Arcturus Therapeutics reported that CFO Dennis Mulroy received a grant of 100,000 employee stock options. These options give him the right to buy common shares at a fixed $8.63 exercise price, expiring on May 1, 2036, as part of his equity compensation package.
What is the exercise price of the CFO’s new Arcturus (ARCT) stock options?
The granted stock options have an exercise price of $8.63 per share. This means the CFO can purchase Arcturus common stock at $8.63, regardless of future market price, once the options vest, subject to the plan’s terms and the stated vesting schedule.
How many Arcturus (ARCT) stock options were granted to the CFO?
The CFO received 100,000 employee stock options linked to Arcturus common stock. All 100,000 options were reported as directly held following the transaction, reflecting a single equity award under the company’s Amended and Restated 2019 Omnibus Equity Incentive Plan.
What is the vesting schedule for the Arcturus (ARCT) CFO’s option grant?
The stock options vest 25% on May 1, 2027, which is the first anniversary of the grant date. The remaining 75% then vests in equal installments on each monthly anniversary for the next 36 months, creating a four-year total vesting period from the grant date.
Under which plan were the Arcturus (ARCT) CFO’s stock options granted?
The options were granted under Arcturus Therapeutics’ Amended and Restated 2019 Omnibus Equity Incentive Plan. This plan authorizes equity-based awards, such as stock options, to employees and executives as part of their long-term incentive and retention compensation.