Aurinia COO granted 116,144 PSUs and options
Aurinia Pharmaceuticals Inc. reported that Chief Operating Officer Ryan Cole received new equity awards.
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Form Type
4
Rhea-AI Filing Summary
Aurinia Pharmaceuticals Inc. reported that Chief Operating Officer Ryan Cole received new equity awards. He was granted 116,144 performance stock units, each representing a contingent right to receive one common share, with vesting tied to share-price targets and time-based conditions. He also received an option grant for 70,230 shares of common stock at an exercise price of $15.28 per share, expiring in 2036. These awards are compensation-related grants, and no open-market share purchases or sales were reported in this filing.
Insider Trade Summary
Grant/Award: 186,374 shares
Grant/Award
2 txns
Insider
Cole Ryan
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 70,230 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 116,144 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (right to buy) — 70,230 contracts (Direct);
Common Stock — 116,144 shares (Direct)
Footnotes (2)
- F1. Each performance stock unit ("PSU") represents a contingent right to receive one common share of the Issuer. 46,820 PSUs vest in four tranches upon the Issuer's common shares achieving four progressively higher target prices, with respective one year retention periods per tranche achievement. 69,324 PSUs vest in two tranches at the three and five year anniversary date of grant if the Issuer's common shares achieve target prices that represent significant increases from the share price on date of grant before the respective vesting date.
- F2. 33% vest on the 1-year anniversary of the grant date, and the remaining 67% vest equally in monthly installments over the following 2 years.
Key Figures
Performance stock units granted: 116,144 units
PSU price-based tranche: 46,820 units
Time and price-based PSUs: 69,324 units
+5 more
8 metrics
Performance stock units granted
116,144 units
PSU grant to COO Ryan Cole tied to common shares
PSU price-based tranche
46,820 units
Vest in four tranches upon achieving target share prices
Time and price-based PSUs
69,324 units
Vest in two tranches at three- and five-year anniversaries
Stock options granted
70,230 options
Employee stock options on Aurinia common stock
Option exercise price
$15.28/share
Conversion or exercise price for 70,230 options
Option expiration
May 18, 2036
Expiration date of employee stock options
Shares following PSU grant
116,144 shares
Total non-derivative units following grant entry
Options following grant
70,230 options
Total derivative options position following grant
Key Terms
performance stock unit ("PSU"), target prices, retention periods, employee stock option (right to buy), +1 more
5 terms
performance stock unit ("PSU") financial
"Each performance stock unit ("PSU") represents a contingent right to receive one common share"
target prices financial
"common shares achieving four progressively higher target prices, with respective one year retention periods"
retention periods financial
"four progressively higher target prices, with respective one year retention periods per tranche achievement"
employee stock option (right to buy) financial
"Employee Stock Option (right to buy) with an exercise price of 15.2800"
vesting financial
"33% vest on the 1-year anniversary of the grant date, and the remaining 67% vest equally"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Aurinia (AUPH) COO Ryan Cole receive in this Form 4?
Ryan Cole received 116,144 performance stock units and an employee stock option grant for 70,230 shares of Aurinia common stock at a $15.28 exercise price, expiring in 2036. Both transactions are equity compensation grants, not market trades.
How do the 116,144 performance stock units for Aurinia (AUPH) COO vest?
The 116,144 PSUs vest based on share-price and time targets. 46,820 PSUs vest in four price-based tranches with one-year retention periods, while 69,324 PSUs vest in two tranches at the three- and five-year anniversaries if significant share-price targets are achieved before vesting.
What are the terms of the 70,230 stock options granted to Aurinia (AUPH) COO?
Ryan Cole received 70,230 employee stock options with a $15.28 exercise price, expiring on May 18, 2036. According to the footnote, 33% vest one year after grant, and the remaining 67% vest in equal monthly installments over the following two years.
How many Aurinia (AUPH) PSUs and options does the COO hold after these grants?
Following these awards, Ryan Cole is shown holding 116,144 performance-based units tied to common shares and 70,230 employee stock options. The PSUs vest on share-price and time conditions, while the options vest over three years and are exercisable at $15.28 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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