Cytokinetics (CYTK) awards stock options and RSUs to chief legal officer
Rhea-AI Filing Summary
Cytokinetics Inc. reported that Chief Legal & Admin Officer Jeffrey Hessekiel received new equity awards. On March 15, 2026, he was granted 8,325 incentive stock options and 22,820 non-qualified stock options, each with an exercise price of $60.06 per share and expiring on March 14, 2036. These stock options vest in 48 equal monthly installments, conditioned on his continued employment under the company’s Amended and Restated 2004 Equity Incentive Plan. He also received an annual equity award of 20,646 shares of common stock in the form of restricted stock units that convert 1-for-1 into common shares and vest 40% on each of the first and second anniversaries of the grant date and 20% on the third anniversary, also subject to continued employment. Following these awards, he directly holds 107,943 shares of Cytokinetics common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Incentive Stock Option (Right to Buy) | 8,325 | $0.00 | -- |
| Grant/Award | Non-Qualified Stock Option (Right to Buy) | 22,820 | $0.00 | -- |
| Grant/Award | Common Stock | 20,646 | $0.00 | -- |
Footnotes (1)
- Annual equity award comprised of restricted stock units ("RSUs") that convert on a 1:1 basis for shares of our common stock. RSUs vest, subject to the officer's continued employment with the company, as follows: 40% of the RSUs on the 1-year anniversary of the grant date, an additional 40% of the RSUs on the 2-year anniversary of the grant date, and the final 20% of the RSUs on the 3-year anniversary of the grant date. RSUs are subject to the company's Amended and Restated 2004 Equity Incentive Plan. Annual equity award comprised of stock options that vest in 48 equal monthly installments, subject to officer's continued employment with the company on each vesting date. Stock options are subject to the company's Amended and Restated 2004 Equity Incentive Plan. Annual equity award comprised of stock options that vest in 48 equal monthly installments, subject to officer's continued employment with the company on each vesting date. Stock options are subject to the company's Amended and Restated 2004 Equity Incentive Plan.