BioNTech (NASDAQ: BNTX) CCO discloses option and PSU equity awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
BioNTech SE Chief Commercial Officer Annemarie Hanekamp filed an initial Form 3 reporting derivative equity holdings. She holds an option over 8,838 ordinary shares and performance share units linked to 11,047 ordinary shares. Both awards vest in equal annual installments over four years, subject to performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hanekamp Annemarie
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option (right to buy) | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
Holdings After Transaction:
Option (right to buy) — 8,838 shares (Direct);
Performance Share Unit — 11,047 shares (Direct)
Footnotes (1)
- The option vests annually in equal installments over four years commencing on the first anniversary of the grant date and becomes exercisable four years after the grant date, subject to certain performance-based and other conditions. The option may be settled in ordinary shares, American Depositary Shares ("ADSs") and/or cash at the election of the supervisory board. Subject to adjustment such that the trading price of an ADS as of an exercise date does not exceed 800% of the grant date exercise price. The exercise price of this option is EUR 93.35. Each performance share unit ("PSU") is the economic equivalent of one ordinary share of the Issuer and represents a right to receive, at the Issuer's option, one ordinary share, one ADS representing one ordinary share, or a cash payment or another form of settlement equal to the economic value thereof. PSUs vest annually in equal installments over four years commencing on the first anniversary of the grant date and become exercisable four years after the grant date, subject to the achievement of certain performance targets based on the market price of the Issuer's ordinary shares relative to the Nasdaq Biotechnology Index (or a comparable successor index) and the Reporting Person's continued service through each such date.
FAQ
What does BioNTech (BNTX) Chief Commercial Officer Annemarie Hanekamp report in this Form 3?
Annemarie Hanekamp reports initial derivative equity holdings: an option over 8,838 ordinary shares and performance share units tied to 11,047 ordinary shares. These positions reflect compensation-related awards rather than open-market share purchases or sales, establishing her baseline equity exposure as an officer.
How do Annemarie Hanekamp’s BioNTech (BNTX) stock options vest and when can they be exercised?
Her option vests annually in equal installments over four years, beginning on the first anniversary of the grant date. It becomes fully exercisable four years after the grant date, subject to specified performance-based and other conditions that must be met before she can exercise all shares.
What exercise price applies to Annemarie Hanekamp’s BioNTech (BNTX) stock option?
The option has an exercise price of EUR 93.35. A footnote states it is also subject to an adjustment so that the trading price of an American Depositary Share on an exercise date does not exceed 800% of the grant date exercise price level.
How can the equity awards in this BioNTech (BNTX) Form 3 be settled?
The option may be settled in ordinary shares, American Depositary Shares, and/or cash, at the supervisory board’s election. Each performance share unit similarly can settle in one ordinary share, one ADS, or a cash or equivalent payment equal to the share’s economic value.