Executive at Precision BioSciences (DTIL) receives 57,389 RSU compensation award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PRECISION BIOSCIENCES INC Chief Research Officer J. Jefferson Smith received a grant of 57,389 Restricted Stock Units. Each unit represents a contingent right to receive one share of common stock, so this award could convert into 57,389 shares if fully vested.
The RSU award vests in three substantially equal annual installments beginning on February 19, 2027, conditioned on Smith’s continued service with the company through each vesting date. Following this grant, Smith’s reported derivative holdings from this award total 57,389 RSUs, reflecting a compensation-related equity grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SMITH J. JEFFERSON
Role
Chief Research Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 57,389 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 57,389 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. Award vests in three substantially equal annual installments beginning on February 19, 2027, subject to the Reporting Person's continued service to the Issuer through the applicable vesting dates.
Key Figures
RSUs granted: 57,389 units
Underlying common stock: 57,389 shares
Exercise/convert price: $0.0000 per unit
+2 more
5 metrics
RSUs granted
57,389 units
Grant to Chief Research Officer on June 1, 2026
Underlying common stock
57,389 shares
Each RSU represents one share if vested
Exercise/convert price
$0.0000 per unit
RSUs granted at no cash exercise price
Vesting schedule start
February 19, 2027
Three substantially equal annual installments
Holdings after transaction
57,389 RSUs
Total derivative holdings from this award following grant
Key Terms
Restricted Stock Units, contingent right, vesting, derivative
4 terms
Restricted Stock Units financial
"The security title is listed as "Restricted Stock Units" for this grant."
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
"Each restricted stock unit represents a contingent right to receive one share."
vesting financial
"Award vests in three substantially equal annual installments beginning on February 19, 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.
derivative financial
"The transaction_type is noted as "derivative" for these RSUs."
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What insider transaction did PRECISION BIOSCIENCES (DTIL) report for J. Jefferson Smith?
PRECISION BIOSCIENCES reported that Chief Research Officer J. Jefferson Smith received a grant of 57,389 Restricted Stock Units. These RSUs represent a compensation award that may convert into common shares over time if vesting conditions tied to continued service are satisfied.
How many Restricted Stock Units did DTIL grant to its Chief Research Officer?
DTIL granted 57,389 Restricted Stock Units to Chief Research Officer J. Jefferson Smith. Each RSU corresponds to a contingent right to receive one share of common stock, creating potential future equity ownership if the award fully vests under its service conditions.
What are the vesting terms for J. Jefferson Smith’s DTIL RSU award?
The RSU award vests in three substantially equal annual installments beginning on February 19, 2027. Vesting is subject to Smith’s continued service with Precision BioSciences through each applicable vesting date, so the award delivers value gradually over a multi-year period.
Does the DTIL Form 4 show an open-market stock purchase or sale by J. Jefferson Smith?
The Form 4 does not show an open-market purchase or sale; it reports a grant of 57,389 Restricted Stock Units as compensation. The transaction code is A, indicating a grant or award acquisition rather than a discretionary market trade in DTIL common stock.
How many DTIL RSUs does J. Jefferson Smith hold after this reported transaction?
After this reported transaction, J. Jefferson Smith’s holdings from this RSU award total 57,389 Restricted Stock Units. These RSUs are derivative securities that may settle into the same number of common shares if the multi-year vesting and continued service conditions are met.