Esperion (ESPR) CLO receives new stock and option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Esperion Therapeutics Chief Legal Officer Benjamin Looker reported receiving new equity compensation. He was granted a stock option for 269,230 shares of Common Stock at an exercise price of $2.44 per share, expiring on March 13, 2036.
He also received 300,840 shares of Common Stock as a direct grant, bringing his direct Common Stock holdings to 685,056 shares after the award. The stock option award will vest over four years in equal quarterly installments, starting on June 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Looker Benjamin
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 269,230 | $0.00 | -- |
| Grant/Award | Common Stock | 300,840 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 269,230 shares (Direct);
Common Stock — 685,056 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transactions did Esperion (ESPR) report for Benjamin Looker?
Benjamin Looker received equity awards, not open-market trades. He was granted a stock option for 269,230 shares at $2.44 per share and 300,840 shares of Common Stock, increasing his direct holdings to 685,056 shares after the grant.
Were the Esperion (ESPR) transactions by Benjamin Looker buys or sales?
The transactions are equity grants, not market buys or sales. Both entries are coded as awards, giving Benjamin Looker additional options and shares as compensation rather than reflecting open-market purchase or sale activity.
What are the key terms of Benjamin Looker’s new Esperion (ESPR) stock option?
The new option covers 269,230 shares at $2.44 per share. It is a right to buy Esperion Common Stock, with an expiration date of March 13, 2036, providing long-dated potential ownership if exercised in the future.
How does Benjamin Looker’s Esperion (ESPR) stock option vest?
The option vests over four years in equal quarterly installments. The first vesting date is June 15, 2026, after which additional portions will vest every quarter until the full 269,230-share award is vested, assuming continued service.
What is the significance of the grant price in Benjamin Looker’s Esperion (ESPR) option?
The option’s exercise price is set at $2.44 per share. This means he can only benefit economically if Esperion’s market price exceeds that level when he chooses to exercise the option before it expires in 2036.