C4 Therapeutics (NASDAQ: CCCC) CMO receives 240,000 RSUs and reports tax share withholding
Rhea-AI Filing Summary
C4 Therapeutics Chief Medical Officer Leonard Reyno reported multiple equity compensation transactions in company stock. On February 13, 2026, he received a grant of 240,000 restricted stock units (RSUs), with 120,000 RSUs vesting in three equal annual installments starting on February 13, 2027, and 120,000 RSUs vesting in full on February 13, 2029, subject to potential performance-based acceleration.
On February 14, 2026, previously disclosed RSU awards vested, resulting in the acquisition of 30,950 shares of common stock at no cost. On the same date, 16,579 shares were withheld by the company at $1.89 per share to cover tax obligations related to the RSU vesting, which the filing states does not represent a sale. Following these transactions, Reyno directly owned 379,803 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 30,950 | $0.00 | -- |
| Tax Withholding | Common Stock | 16,579 | $1.89 | $31K |
| Grant/Award | Common Stock | 240,000 | $0.00 | -- |
Footnotes (1)
- Represents restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Common Stock upon vesting and settlement. The RSUs shall vest as follows: (i) 120,000 RSUs shall vest in three equal annual installments following the grant date, with the first installment vesting on February 13, 2027, and (ii) 120,000 RSUs shall vest in full on February 13, 2029, subject to potential acceleration upon achievement of certain performance milestones. Reflects the acquisition of shares of Common Stock upon vesting of previously disclosed grants of RSUs. The grants of RSUs were initially reported in Table I of the Forms 4 filed by the Reporting Person on February 14, 2024 and February 18, 2025. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs and does not represent a sale by the Reporting Person.