Beam Therapeutics (BEAM) awards stock options to director Chirfi
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Beam Therapeutics Inc. director Guindo Chirfi received a stock option grant as equity compensation. The award covers 19,676 shares of Beam common stock at an exercise price of $29.55 per share, expiring on June 3, 2036. The option vests in full on the earlier of the first anniversary of the grant date or immediately before next year’s annual meeting of stockholders, as long as Chirfi continues serving on the board through the vesting date. This is a non-cash, routine director compensation grant and not an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guindo Chirfi
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 19,676 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 19,676 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 19,676 shares
Exercise price: $29.55 per share
Shares after transaction: 19,676 derivative units
+3 more
6 metrics
Option grant size
19,676 shares
Underlying Beam Therapeutics common stock
Exercise price
$29.55 per share
Stock option strike price
Shares after transaction
19,676 derivative units
Total options held after grant
Expiration date
June 3, 2036
Option expiration
Transaction code
A
Grant, award, or other acquisition
Transaction direction
acquire
Equity award to director
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, underlying security, +2 more
6 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 29.5500"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: 2036-06-03T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
underlying security financial
"underlying_security_title: Common Stock"
vesting financial
"The option vests in full on the earlier of the first anniversary"
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.
annual meeting of stockholders financial
"immediately prior to the date of the next year's annual meeting of stockholders"
FAQ
What did Beam Therapeutics (BEAM) director Guindo Chirfi report in this Form 4?
Guindo Chirfi reported receiving a stock option grant from Beam Therapeutics. The award covers 19,676 shares of common stock, giving the director the right to buy shares at a fixed exercise price in the future, subject to vesting conditions.
What is the exercise price of Guindo Chirfi’s Beam Therapeutics (BEAM) stock option?
The option has an exercise price of $29.55 per share. This means Chirfi can buy Beam Therapeutics common stock at $29.55 once the option vests and is exercised, regardless of the market price at that future time.
When does Guindo Chirfi’s Beam Therapeutics (BEAM) option vest?
The option vests in full on the earlier of the first anniversary of the grant date or immediately before next year’s annual meeting. Vesting requires Chirfi’s continued service on Beam Therapeutics’ board of directors through that vesting date.
When does the reported Beam Therapeutics (BEAM) stock option held by Chirfi expire?
The stock option expires on June 3, 2036. After that expiration date, Chirfi would no longer be able to exercise the option to purchase Beam Therapeutics common shares at the fixed $29.55 exercise price granted in this award.