Definium Therapeutics (DFTX) CEO receives 375,000 performance share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Barrow Robert reported acquisition or exercise transactions in this Form 4 filing.
Definium Therapeutics, Inc. reported that Chief Executive Officer Robert Barrow received a grant of 375,000 common shares as a stock award, with no cash paid per share. Following this award, he directly holds 1,127,454 common shares.
The shares represent the first tranche of performance share units originally granted effective March 12, 2025. They remain subject to vesting based on his continued employment through March 12, 2028 and the achievement of specified clinical and regulatory milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Barrow Robert
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 375,000 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 1,127,454 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 375,000 shares
Price per share: $0.0000 per share
Shares held after: 1,127,454 shares
+2 more
5 metrics
Shares granted
375,000 shares
Common shares awarded to CEO as stock grant
Price per share
$0.0000 per share
Grant price for awarded common shares
Shares held after
1,127,454 shares
CEO direct holdings after transaction
Grant effective date
March 12, 2025
Original effective date of performance share unit grant
Vesting employment date
March 12, 2028
Continued employment required for vesting
Key Terms
performance share units, vesting, clinical and regulatory milestones, contingent right
4 terms
vesting financial
"and remain subject to vesting based on the Reporting Person's continued employment through March 12, 2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
clinical and regulatory milestones technical
"based on, and subject to, the achievement of certain clinical and regulatory milestones set forth in the Performance Share Unit Award Agreement"
Clinical and regulatory milestones are the key steps a medical product must clear as it is tested on patients and reviewed by government health authorities, such as completing major clinical trials, filing safety and effectiveness data, or receiving marketing approval. Investors watch these checkpoints like milestones on a roadmap because each one sharply changes the odds that a product will reach patients and generate revenue, much like a car passing inspection before it can be sold.
contingent right financial
"Each performance share unit represented a contingent right to receive one common share"
FAQ
What insider transaction did Definium Therapeutics (DFTX) report for its CEO?
Definium Therapeutics reported that CEO Robert Barrow received 375,000 common shares as a stock award. These shares stem from performance share units and increase his direct holdings to 1,127,454 common shares, reflecting compensation rather than an open-market purchase.