enGene Therapeutics (ENGN) director awarded 31,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
enGene Therapeutics Inc. director Paul J. Hastings received a grant of stock options for 31,000 common shares. The options have an exercise price of $1.75 per share and expire on June 16, 2036. They vest in full on the earlier of the first anniversary of the June 9, 2026 vesting commencement date or the company’s 2027 annual meeting of shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HASTINGS PAUL J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 31,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 31,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock options granted: 31,000 options
Exercise price: $1.75 per share
Expiration date: June 16, 2036
+2 more
5 metrics
Stock options granted
31,000 options
Grant to director Paul J. Hastings
Exercise price
$1.75 per share
Strike price of granted options
Expiration date
June 16, 2036
Option term end
Underlying shares
31,000 common shares
Shares purchasable upon exercise
Holdings after grant
31,000 derivative securities
Total options following transaction
Key Terms
Stock Option (Right to Buy), vesting commencement date, annual meeting of shareholders, Grant, award, or other acquisition
4 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
vesting commencement date financial
"the first anniversary of the vesting commencement date, which was June 9, 2026"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did enGene Therapeutics (ENGN) report for Paul J. Hastings?
enGene Therapeutics reported that director Paul J. Hastings received a grant of stock options for 31,000 common shares. This is a compensation-related award, not an open-market share purchase or sale, and reflects equity-based incentives tied to the company’s performance.
How many enGene Therapeutics (ENGN) options were granted to Paul J. Hastings?
Paul J. Hastings was granted stock options covering 31,000 common shares of enGene Therapeutics. These options give him the right to buy that number of shares at a fixed exercise price, subject to the vesting schedule and expiration date disclosed in the filing.
What is the exercise price of Paul J. Hastings’ enGene Therapeutics (ENGN) stock options?
The granted stock options have an exercise price of $1.75 per common share. This means Hastings can purchase shares at $1.75 once the options vest and before they expire, aligning his potential upside with future changes in the company’s share price.
When do Paul J. Hastings’ enGene Therapeutics (ENGN) options vest?
The options vest fully on the earlier of the first anniversary of the vesting commencement date, which was June 9, 2026, or the company’s 2027 annual meeting. This single-vesting schedule ties the award to both time-based service and a key corporate governance event.
When do Paul J. Hastings’ enGene Therapeutics (ENGN) stock options expire?
The options granted to Paul J. Hastings expire on June 16, 2036. After that expiration date, any unexercised options will lapse and can no longer be used to purchase enGene Therapeutics common shares, limiting the time window for exercising the award.
Is Paul J. Hastings’ enGene Therapeutics (ENGN) option grant an open-market transaction?
No, the Form 4 describes a grant or award acquisition of stock options, not an open-market trade. The transaction code "A" and zero purchase price indicate a compensation grant rather than buying or selling shares on the public market.