BioMarin Pharmaceutical (BMRN) CTO earns 2023–2025 performance RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Guyer Charles Greg reported acquisition or exercise transactions in this Form 4 filing.
BioMarin Pharmaceutical executive Charles Greg Guyer, EVP and Chief Technical Officer, reported three equity awards credited on February 25, 2026. The awards represent performance-based restricted stock units earned for results over 2023–2025 tied to relative total shareholder return, development goals, and core operating margin, vesting on March 15, 2026 if he remains in service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Guyer Charles Greg
Role
EVP, Chief Technical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,176 | $0.00 | -- |
| Grant/Award | Common Stock | 6,675 | $0.00 | -- |
| Grant/Award | Common Stock | 2,371 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 87,393 shares (Direct)
Footnotes (1)
- Transaction Date is the date that the Issuer's Board of Directors' Compensation Committee certified that the reporting person earned the Restricted Stock Units (RSUs), which are convertible into shares of the Issuer's Common Stock on a 1:1 basis. Represents the total number of RSUs earned pursuant to a formula based on relative total shareholder return during 2023 through 2025 set forth in the performance-based RSU awards previously granted under the Issuer's 2017 Equity Incentive Plan. Although earned, the RSUs only vest according to the following schedule: vests on March 15, 2026, subject to the reporting person's continued service through that date, subject to earlier vesting upon certain events. Represents the total number of RSUs earned pursuant to a formula based on the number and nature of development goals achieved during 2023 through 2025 set forth in the performance-based RSU awards previously granted under the Issuer's 2017 Equity Incentive Plan. Represents the total number of RSUs earned pursuant to a formula based on core operating margin over three, one-year periods spanning 2023 through 2025 set forth in the performance-based RSU awards previously granted under the Issuer's 2017 Equity Incentive Plan.
FAQ
What did BioMarin (BMRN) executive Charles Greg Guyer report on this Form 4?
Charles Greg Guyer reported three equity awards of common stock on February 25, 2026. These reflect performance-based restricted stock units earned for 2023–2025 under BioMarin’s 2017 Equity Incentive Plan, credited at a zero exercise price as part of his executive compensation.
What performance period do Charles Greg Guyer’s RSU awards at BioMarin (BMRN) cover?
The RSU awards cover performance from 2023 through 2025. They were earned pursuant to performance-based RSU grants under BioMarin’s 2017 Equity Incentive Plan, with formulas tied to relative total shareholder return, development goals, and core operating margin across those three years.
When do the performance-based RSUs reported by BioMarin (BMRN) EVP Charles Greg Guyer vest?
Although already earned, the RSUs vest on March 15, 2026. Vesting is conditioned on Charles Greg Guyer’s continued service through that date, with the potential for earlier vesting only upon certain specified events described in the award terms.
What metrics determine the RSUs earned by BioMarin (BMRN) executive Charles Greg Guyer?
The earned RSUs are based on three metrics over 2023–2025: relative total shareholder return, achievement of specified development goals, and core operating margin over three one-year periods. Each metric corresponds to separate performance-based RSU awards under the 2017 Equity Incentive Plan.
How are Charles Greg Guyer’s RSUs at BioMarin (BMRN) converted into common stock?
Each restricted stock unit is convertible into one share of BioMarin common stock. The Form 4 notes a 1:1 conversion ratio, meaning every vested RSU results in the issuance of a single share upon settlement under the plan’s terms.