Definium Therapeutics (DFTX) awards 62,500 performance-based shares to Chief Commercial Officer
Rhea-AI Filing Summary
Definium Therapeutics, Inc. reported that Chief Commercial Officer Matthew T. Wiley acquired 62,500 common shares as a grant/award. According to the award terms, these shares represent the second tranche of performance share units granted effective March 17, 2025 and remain subject to vesting based on continued employment through March 17, 2028 and the achievement of specified clinical and regulatory milestones. Following this award, Wiley holds 237,133 common shares directly.
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Insider Trade Summary
Net Buyer: 62,500 shares
Net Buy
1 txn
Insider
Wiley Matthew T.
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares F1 | 62,500 | $0.00 | $0.00 |
Holdings After Transaction:
Common Shares — 237,133 shares (Direct)
Footnotes (1)
- F1. The common shares represent the second tranche of performance share units granted effective March 17, 2025, and remain subject to vesting based on the Reporting Person's continued employment through March 17, 2028. Each performance share unit represented a contingent right to receive one common share based on, and subject to, the achievement of certain clinical and regulatory milestones set forth in the Performance Share Unit Award Agreement.
Key Figures
Shares awarded: 62,500 common shares
Price per share for award: $0.0000 per share
Shares held after transaction: 237,133 common shares
+2 more
5 metrics
Shares awarded
62,500 common shares
Grant/award acquisition reported for Matthew T. Wiley
Price per share for award
$0.0000 per share
Stated transaction price for the awarded common shares
Shares held after transaction
237,133 common shares
Direct holdings of Matthew T. Wiley following the award
Vesting end date
March 17, 2028
Date through which employment is required for vesting
Original grant effective date
March 17, 2025
Effective date of performance share unit grant
Key Terms
performance share units, contingent right, clinical and regulatory milestones, Performance Share Unit Award Agreement
4 terms
contingent right financial
"Each performance share unit represented a contingent right to receive one common share"
clinical and regulatory milestones medical
"based on, and subject to, the achievement of certain clinical and regulatory milestones set forth"
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.
FAQ
What did Definium Therapeutics (DFTX) disclose about Matthew T. Wiley’s recent equity award?
Definium Therapeutics disclosed that Chief Commercial Officer Matthew T. Wiley received a grant of 62,500 common shares, issued as part of a performance share unit award and subject to future vesting conditions tied to employment and milestones.
AI-generated analysis. How Rhea-AI works. Not financial advice.