Precision BioSciences (DTIL) awards 107,604 RSUs to General Counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scimeca Dario reported acquisition or exercise transactions in this Form 4 filing.
PRECISION BIOSCIENCES INC reported that its General Counsel and Secretary, Dario Scimeca, received a grant of 107,604 restricted stock units. Each unit represents a contingent right to receive one share of the company’s common stock at no purchase price.
The award vests in three substantially equal annual installments beginning on February 18, 2027, conditioned on his continued service with the company through each vesting date. Following this grant, he holds 107,604 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scimeca Dario
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 107,604 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 107,604 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: 107,604 units
Exercise price: $0.00 per unit
Underlying common shares: 107,604 shares
+2 more
5 metrics
RSUs granted
107,604 units
Restricted stock unit award to General Counsel on June 1, 2026
Exercise price
$0.00 per unit
No purchase price for RSU grant
Underlying common shares
107,604 shares
Each RSU represents one share of common stock
Units after grant
107,604 units
Total restricted stock units held following transaction
Vesting start date
February 18, 2027
First of three substantially equal annual vesting installments
Key Terms
Restricted Stock Units, contingent right, vests in three substantially equal annual installments, 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"
vests in three substantially equal annual installments financial
"Award vests in three substantially equal annual installments beginning on February 18, 2027"
Common Stock financial
"to 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 PRECISION BIOSCIENCES INC (DTIL) report for Dario Scimeca?
PRECISION BIOSCIENCES INC reported that General Counsel and Secretary Dario Scimeca received 107,604 restricted stock units. These units are a form of equity compensation that may convert into common shares if vesting conditions are satisfied over time.
How many restricted stock units did Dario Scimeca receive from PRECISION BIOSCIENCES INC (DTIL)?
Dario Scimeca received 107,604 restricted stock units from PRECISION BIOSCIENCES INC. Each unit represents a contingent right to receive one share of common stock, providing potential future ownership if vesting conditions are met.
What are the vesting terms for the 107,604 restricted stock units at PRECISION BIOSCIENCES INC (DTIL)?
The 107,604 restricted stock units vest in three substantially equal annual installments starting on February 18, 2027. Vesting is subject to Dario Scimeca’s continued service with the company through each applicable vesting date.
What does each restricted stock unit granted by PRECISION BIOSCIENCES INC (DTIL) represent?
Each restricted stock unit represents a contingent right to receive one share of PRECISION BIOSCIENCES INC common stock. The units convert into shares only as they vest, aligning executive compensation with long-term company performance.