Bio-Rad (NYSE: BIO) director exercises 407 RSUs and receives 369-unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bio-Rad Laboratories director Melinda Litherland reported routine equity compensation activity. She exercised 407 restricted stock units into 407 shares of Bio-Rad Class A common stock, bringing her direct common stock holdings to 715 shares.
On the same date, she received a new grant of 369 restricted stock units, each representing a right to one share of Class A common stock. These new units will vest 100% on the earlier of the first anniversary of the grant date or the date of the company’s next annual meeting of stockholders, aligning her compensation with future company performance and governance milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
407 shares exercised/converted
Mixed
3 txns
Insider
PEI MELINDA LITHERLAND
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 369 | $0.00 | -- |
| Exercise | Restricted Stock Units | 407 | $0.00 | -- |
| Exercise | Bio-Rad A Common Stock | 407 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 369 shares (Direct, null);
Bio-Rad A Common Stock — 715 shares (Direct, null)
Footnotes (1)
- Shares of Class A common stock acquired on the vesting of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Bio-Rad Class A common stock. The restricted stock units will vest 100% on the earlier of the first anniversary of the grant date or the date of the company's next annual meeting of stockholders.
Key Figures
RSUs exercised: 407 units
Shares held after exercise: 715 shares
New RSU grant: 369 units
+2 more
5 metrics
RSUs exercised
407 units
Converted into 407 shares of Bio-Rad Class A common stock
Shares held after exercise
715 shares
Director’s direct Class A common stock holdings following transactions
New RSU grant
369 units
Each unit represents a right to one share of Class A common stock
RSU vesting trigger
100% cliff vesting
Earlier of first anniversary of grant or next annual stockholders’ meeting
Transaction price per unit
$0.00
Both RSU exercise and new RSU grant reported at zero price per unit
Key Terms
Restricted Stock Units, Each restricted stock unit represents a contingent right, Exercise or conversion of derivative security, Grant, award, or other acquisition, +1 more
5 terms
Restricted Stock Units financial
"Shares of Class A common stock acquired on the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Each restricted stock unit represents a contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Bio-Rad Class A common stock."
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
will vest 100% on the earlier of the first anniversary financial
"The restricted stock units will vest 100% on the earlier of the first anniversary of the grant date"
FAQ
What insider transactions did BIO director Melinda Litherland report on this Form 4?
Melinda Litherland reported exercising 407 restricted stock units into 407 shares of Bio-Rad Class A common stock and receiving a new award of 369 restricted stock units. These transactions reflect routine equity compensation rather than open-market buying or selling activity.
What new restricted stock unit grant did BIO’s Melinda Litherland receive?
Melinda Litherland received a grant of 369 restricted stock units, each representing a contingent right to one share of Bio-Rad Class A common stock. This grant increases her unvested equity-based compensation tied to the company’s future performance and governance events.
When will Melinda Litherland’s new BIO restricted stock units vest?
The 369 restricted stock units will vest 100% on the earlier of the first anniversary of the grant date or the date of Bio-Rad’s next annual meeting of stockholders. This vesting schedule links her equity compensation to a clear future corporate governance milestone.
Were Melinda Litherland’s BIO transactions open-market buys or sells?
The reported transactions were not open-market buys or sells. They involved exercising 407 restricted stock units into common shares and receiving a new grant of 369 restricted stock units, both at a transaction price per unit of $0.00 as compensation awards.