Precision BioSciences (NASDAQ: DTIL) CEO receives 573,888 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amoroso Michael reported acquisition or exercise transactions in this Form 4 filing.
PRECISION BIOSCIENCES INC President and CEO Michael Amoroso reported a compensation-related equity grant. He received 573,888 Restricted Stock Units, each representing a contingent right to receive one share of the company’s common stock. The award vests in three substantially equal annual installments beginning on February 18, 2027, conditioned on his continued service with the company. Following this grant, his reported holding of these RSUs is 573,888 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Amoroso Michael
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 573,888 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 573,888 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 18, 2027, subject to the Reporting Person's continued service to the Issuer through the applicable vesting dates.
Key Figures
RSUs granted: 573,888 units
Transaction price per RSU: $0.00 per unit
Underlying common shares: 573,888 shares
+3 more
6 metrics
RSUs granted
573,888 units
Grant of Restricted Stock Units to CEO Michael Amoroso
Transaction price per RSU
$0.00 per unit
Grant/award acquisition, not open-market purchase
Underlying common shares
573,888 shares
Each RSU represents one share of common stock
RSUs after transaction
573,888 units
Total reported RSU holdings following this grant
Vesting start date
February 18, 2027
First of three substantially equal annual installments
Vesting structure
Three annual installments
Vests in three substantially equal annual tranches
Key Terms
Restricted Stock Units, contingent right, vesting, Common Stock
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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 of the Issuer's Common Stock"
vesting financial
"Award vests in three substantially equal annual installments beginning on February 18, 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.
Common Stock financial
"receive one share of the Issuer's Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did DTIL President and CEO Michael Amoroso report?
Michael Amoroso reported receiving 573,888 Restricted Stock Units as an equity award. Each RSU represents a contingent right to one share of Precision BioSciences common stock, reflecting compensation rather than an open-market stock purchase or sale.
How many Restricted Stock Units did the DTIL CEO receive in this Form 4?
The CEO received 573,888 Restricted Stock Units in this filing. These units convert into an equal number of common shares if vesting conditions are met, aligning part of his compensation with future company performance and continued service.
What are the vesting terms for Michael Amoroso’s DTIL Restricted Stock Units?
The RSU award vests in three substantially equal annual installments starting on February 18, 2027. Vesting is subject to Amoroso’s continued service with Precision BioSciences through each applicable vesting date, tying this grant to his ongoing employment.
Does this DTIL Form 4 reflect an open-market stock purchase or sale?
No, the filing shows a grant of Restricted Stock Units as compensation, coded as a grant or award acquisition. There are no open-market purchases or sales reported, and the transaction price per unit is listed as zero dollars per share.
How many DTIL RSUs does the CEO hold after this reported grant?
After the reported grant, the CEO’s total reported holding of these Restricted Stock Units is 573,888 units. These RSUs are derivative securities that may settle into common stock if the vesting schedule and continued service conditions are satisfied over time.