Charles River Labs (NYSE: CRL) director Martin Mackay receives new stock grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MACKAY MARTIN reported acquisition or exercise transactions in this Form 4 filing.
Charles River Laboratories director Martin Mackay received equity grants of common stock as part of his board compensation. He was awarded 1,407 shares at a reference price of $177.62 per share and a separate award of 1,438 shares at the same price. One award was granted in lieu of director service fees for the term beginning May 5, 2026. The restricted stock units vest on the earlier of May 8, 2027 or the business day before the company’s next annual meeting of shareholders. Following these awards, one reported line shows Mackay holding 17,137 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MACKAY MARTIN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,438 | $177.62 | $255K |
| Grant/Award | Common Stock | 1,407 | $177.62 | $250K |
Holdings After Transaction:
Common Stock — 15,730 shares (Direct, null)
Footnotes (1)
- The unvested restricted stock units vest upon the earlier of 5/8/2027 or the business day prior to the Company's next annual meeting of shareholders. The grant was made in lieu of director service fees for the term commencing May 5, 2026. The restricted stock units vest upon the earlier of 5/8/2027, or the business day prior to the Company's next annual meeting of shareholders.
Key Figures
Stock grant 1: 1,407 shares at $177.62/share
Stock grant 2: 1,438 shares at $177.62/share
Shares held after grant: 17,137 shares
+2 more
5 metrics
Stock grant 1
1,407 shares at $177.62/share
Common stock grant to director on May 8, 2026
Stock grant 2
1,438 shares at $177.62/share
Second common stock grant to director on May 8, 2026
Shares held after grant
17,137 shares
Direct ownership reported following one grant transaction
Vesting date trigger
May 8, 2027
Restricted stock units vest by this date or before next annual meeting
Director term start
May 5, 2026
Grant made in lieu of director service fees for this term
Key Terms
restricted stock units, director service fees, annual meeting of shareholders, common stock
4 terms
restricted stock units financial
"The unvested restricted stock units vest upon the earlier of 5/8/2027 or the business day prior to the Company's next annual meeting of shareholders."
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.
director service fees financial
"The grant was made in lieu of director service fees for the term commencing May 5, 2026."
common stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did CRL director Martin Mackay report on this Form 4?
Director Martin Mackay reported receiving equity awards of Charles River Laboratories common stock as compensation. He was granted 1,407 shares and a separate 1,438-share award, both at a reference price of $177.62 per share, classified as grants rather than open-market purchases.
At what price were Martin Mackay’s CRL stock awards valued on the grant date?
Both of Martin Mackay’s common stock awards were reported at a transaction price of $177.62 per share. This figure reflects the grant-date reference price used in the Form 4, rather than a cash purchase cost, because the awards are compensation grants, not open-market buys.
When do Martin Mackay’s CRL restricted stock units vest according to the filing?
The restricted stock units vest on the earlier of May 8, 2027, or the business day before Charles River Laboratories’ next annual meeting of shareholders. This vesting schedule applies to the unvested units referenced in the footnotes, tying vesting to either a fixed date or the next shareholder meeting.
Why did Charles River Laboratories grant stock to director Martin Mackay?
One of the grants to Martin Mackay was made in lieu of director service fees for the term beginning May 5, 2026. Instead of receiving cash fees, he received restricted stock units that vest on the earlier of May 8, 2027, or the business day before the next annual shareholder meeting.