Armata (NASDAQ: ARMP) finance chief awarded 109,885 stock options at $11.61
Rhea-AI Filing Summary
Armata Pharmaceuticals, Inc. reported that SVP, Finance, and Principal Financial Officer David Duane House received a grant of stock options to acquire 109,885 shares of Common Stock at an exercise price of $11.61 per share. These options were granted at no upfront cost and expire on March 9, 2036. According to the vesting terms, 25% of the options will vest on March 9 of each of 2027, 2028, 2029, and 2030, subject to his continuous service through each vesting date. Following this grant, he holds 109,885 stock options directly.
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Insights
Routine multi‑year stock option grant to Armata’s finance chief.
The transaction reflects a compensation-related grant of 109,885 stock options to Armata Pharmaceuticals SVP, Finance, and PFO David Duane House at an exercise price of $11.61 per share, expiring in 2036. There is no open-market buying or selling.
The options vest in four equal annual installments on March 9 of 2027, 2028, 2029, and 2030, conditioned on continuous service. This structure is typical for long-term incentives, tying realized value to both tenure and future share performance.
Because this is a standard grant/award acquisition with no immediate cash transaction and no sale of existing shares, its impact is primarily in aligning the finance leader’s incentives with shareholder outcomes over the vesting and option life.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 109,885 | $0.00 | -- |
Footnotes (1)
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