Precision Biosciences (DTIL) director receives grant of 20,979 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pire Shari Lisa reported acquisition or exercise transactions in this Form 4 filing.
PRECISION BIOSCIENCES INC director Shari Lisa Pire received a new equity grant. She was awarded 20,979 restricted stock units (RSUs), each representing a right to receive one share of the company’s common stock if vesting conditions are met.
The RSUs vest on the earlier of June 3, 2027 or the day immediately before the company’s next annual stockholder meeting following the grant date, provided she continues serving the company through that vesting date. After this grant, she holds 20,979 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pire Shari Lisa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 20,979 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 20,979 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs vest on the earlier to occur of (i) June 3, 2027 and (ii) the day immediately prior to the Issuer's next annual meeting of stockholders following the grant date, in either case, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
Key Figures
RSUs granted: 20,979 RSUs
Exercise/award price: $0.0000 per unit
Underlying shares: 20,979 shares
+2 more
5 metrics
RSUs granted
20,979 RSUs
Grant to director on June 3, 2026
Exercise/award price
$0.0000 per unit
RSU grant price
Underlying shares
20,979 shares
Common stock underlying RSUs
Holdings after grant
20,979 RSUs
Total RSUs following transaction
Vesting date trigger
June 3, 2027
Earlier of this date or pre-next annual meeting
Key Terms
Restricted Stock Units, contingent right, vesting, annual meeting of stockholders
4 terms
Restricted Stock Units financial
"security_title: Restricted Stock Units"
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.
contingent right financial
"represents a contingent right to receive one share"
vesting financial
"The RSUs vest on the earlier to occur of (i) June 3, 2027"
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.
annual meeting of stockholders financial
"the Issuer's next annual meeting of stockholders following the grant date"
FAQ
What insider transaction did PRECISION BIOSCIENCES (DTIL) report for Shari Lisa Pire?
PRECISION BIOSCIENCES reported that director Shari Lisa Pire received 20,979 restricted stock units as an equity award. Each RSU represents a right to receive one share of common stock if vesting conditions are satisfied, reflecting routine director compensation.
How many restricted stock units did Shari Lisa Pire receive from PRECISION BIOSCIENCES (DTIL)?
Shari Lisa Pire received 20,979 restricted stock units from PRECISION BIOSCIENCES. These RSUs entitle her to receive 20,979 shares of common stock upon vesting, aligning her compensation with shareholder interests through equity-based incentives over time.
When do Shari Lisa Pire’s RSUs from PRECISION BIOSCIENCES (DTIL) vest?
The RSUs vest on the earlier of June 3, 2027 or the day immediately before PRECISION BIOSCIENCES’ next annual stockholder meeting after the grant. Vesting is conditioned on her continued service with the company through the applicable vesting date.
What does each RSU granted to Shari Lisa Pire by PRECISION BIOSCIENCES (DTIL) represent?
Each restricted stock unit represents a contingent right to receive one share of PRECISION BIOSCIENCES common stock. The shares are only delivered if the vesting conditions are met, so the award aligns long-term incentives rather than providing immediate share ownership.
Is Shari Lisa Pire’s PRECISION BIOSCIENCES (DTIL) RSU grant a purchase or a compensation award?
The 20,979 RSUs reported for Shari Lisa Pire are a compensation award, not an open-market purchase. They were granted at no cash cost per unit as part of her service as a director, subject to future vesting conditions.