Corbus Pharmaceuticals (CRBP) CMO awarded RSUs and stock options in 2026 grant
Rhea-AI Filing Summary
Corbus Pharmaceuticals Holdings, Inc.'s Chief Medical Officer, Dominic Smethurst, reported equity awards received on January 14, 2026. He was granted 28,365 restricted stock units (RSUs) that will settle in common shares, with 25% vesting on each of the first four anniversaries beginning January 14, 2027, and a pro rata acceleration feature if his service is terminated by the company without cause after the first vesting date. He also received an annual stock option award for 85,095 shares at an exercise price of $8.26 per share, vesting 25% on January 14, 2027 and the remaining 75% in equal monthly installments over 36 months starting February 14, 2027. Following these transactions, he beneficially owned 99,172 shares of common stock, including 93,065 unvested RSUs subject to their existing vesting schedules.
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FAQ
What insider activity did CRBP's Chief Medical Officer report?
Corbus Pharmaceuticals Holdings, Inc.'s Chief Medical Officer, Dominic Smethurst, reported receiving grants of restricted stock units (RSUs) and stock options on January 14, 2026, rather than selling shares.
How many RSUs were granted to Dominic Smethurst in this Form 4 for CRBP?
Dominic Smethurst was granted 28,365 RSUs, which will be settled in shares of Corbus Pharmaceuticals Holdings, Inc. common stock, with 25% vesting each year on the first four anniversaries beginning January 14, 2027.
What stock option award was disclosed for CRBP's Chief Medical Officer?
The filing shows an annual stock option grant for 85,095 shares of Corbus Pharmaceuticals Holdings, Inc. common stock at an exercise price of
What is Dominic Smethurst's total reported CRBP share ownership after these grants?
After the reported transactions, Dominic Smethurst beneficially owned 99,172 shares of Corbus Pharmaceuticals Holdings, Inc. common stock, which includes 93,065 unvested RSUs that remain subject to their vesting schedules.
Is there any acceleration feature in the RSU grant for CRBP's Chief Medical Officer?
Yes. If Corbus Pharmaceuticals terminates Dominic Smethurst's service without cause after the first vesting date, a pro rata portion of the RSUs scheduled to vest on the next vesting date will accelerate based on completed months of service, with any remaining unvested RSUs forfeited.
Under what plan were the stock options to the CRBP officer granted?
The stock options were granted as an annual award under the issuer's 2024 Equity Compensation Plan, with a vesting schedule starting on