Biofrontera (BFRI) grants RSUs and stock options to CCO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Biofrontera Inc. reported that Chief Commercial Officer George Patrick Jones acquired new equity-based compensation. He received 50,000 restricted stock units, each representing a contingent right to one share of BFRI common stock awarded for no consideration.
He also received an option for 50,000 shares with a grant price of $0.00. The option vests in two equal installments on September 4, 2026 and March 4, 2027. The restricted stock units vest in two equal yearly installments beginning March 4, 2027, and each vested unit will be settled in shares, cash, or a combination within 60 days at the company’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Jones George Patrick
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 50,000 | $0.00 | -- |
| Grant/Award | Employee stock option (right to buy) | 50,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 50,000 shares (Direct);
Employee stock option (right to buy) — 50,000 shares (Direct)
Footnotes (1)
- The option vests in two equal installments, the first of which will take place on September 4, 2026 and the second of which will take place on March 4, 2027. Each restricted stock unit represents a contingent right to receive one share of BFRI common stock, subject to the company's discretion to settle the restricted stock units, in whole or in part, in cash, as discussed below in footnote 3. The reporting person received the restricted stock units as an award for no consideration. The restricted stock units vest in two equal yearly installments for the first two years following the grant date, beginning on March 4, 2027. Each vested restricted stock unit will be settled, at the Company's discretion, in shares, cash or a combination of shares and cash within 60 days of the vesting date. Options with different terms are not included
FAQ
What equity awards did Biofrontera (BFRI) grant to its Chief Commercial Officer?
Biofrontera granted its Chief Commercial Officer 50,000 restricted stock units and an option for 50,000 shares. Both awards were recorded as acquisitions at a grant price of $0.00 per share, functioning as stock-based compensation rather than open-market purchases.
How do the new restricted stock units for Biofrontera (BFRI) vest?
The 50,000 restricted stock units vest in two equal yearly installments starting March 4, 2027. Each vested unit will be settled within 60 days in shares, cash, or a combination, at the company’s discretion, and each unit represents a contingent right to one common share.
What is the vesting schedule of the new stock options at Biofrontera (BFRI)?
The option covering 50,000 shares vests in two equal installments. The first half vests on September 4, 2026, and the second half vests on March 4, 2027, providing a staged schedule for when the executive’s right to exercise fully becomes available.
Did the Biofrontera (BFRI) executive pay anything for these equity awards?
No cash was paid for these awards. The restricted stock units were received as an award for no consideration, and the option grant is recorded with a grant price of $0.00 per share, reflecting compensation rather than a cash purchase transaction.
How many derivative securities does the Biofrontera (BFRI) executive hold after these grants?
Following these grants, the executive is reported as holding 50,000 restricted stock units and 50,000 employee stock options. Each line of the filing shows 50,000 derivative securities as the total amount beneficially owned in that specific award category after the respective acquisition.