Exelixis (EXEL) director George Poste awarded 8,367 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POSTE GEORGE reported acquisition or exercise transactions in this Form 4 filing.
EXELIXIS, INC. director George Poste received a grant of 8,367 restricted stock units, each equal to one share of common stock and granted at no cost, under the company’s 2017 Equity Incentive Plan. The RSUs vest in full on May 27, 2027, subject to his continuous service. After this award, he directly beneficially owns 127,199 shares of common stock, including the unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
POSTE GEORGE
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,367 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 127,199 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units ("RSUs") granted to the Reporting Person on the Transaction Date pursuant to the Exelixis, Inc. 2017 Equity Incentive Plan. Each RSU is the economic equivalent of one share of Exelixis, Inc. common stock ("Common Stock"). The RSUs will vest as to 100% of the shares subject to the RSU award on May 27, 2027, subject to the Reporting Person's continuous service through that date. Includes 8,367 shares of Common Stock that will be issued to the Reporting Person upon vesting of RSUs.
Key Figures
RSU grant size: 8,367 RSUs
RSU grant price: $0.0000 per share
Total shares after award: 127,199 shares
+1 more
4 metrics
RSU grant size
8,367 RSUs
Award of restricted stock units on May 27, 2026
RSU grant price
$0.0000 per share
Grant/award acquisition, compensation-related
Total shares after award
127,199 shares
Direct beneficial ownership following the RSU grant
RSU vesting date
May 27, 2027
100% of RSUs vest on this date if service continues
Key Terms
restricted stock units ("RSUs"), Exelixis, Inc. 2017 Equity Incentive Plan, continuous service
3 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted to the Reporting Person on the Transaction Date"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Exelixis, Inc. 2017 Equity Incentive Plan financial
"granted to the Reporting Person on the Transaction Date pursuant to the Exelixis, Inc. 2017 Equity Incentive Plan"
continuous service financial
"The RSUs will vest as to 100% of the shares subject to the RSU award on May 27, 2027, subject to the Reporting Person's continuous service"
FAQ
What did EXEL (Exelixis, Inc.) director George Poste report on this Form 4?
George Poste reported receiving 8,367 restricted stock units in EXEL common stock as a compensation grant. The units were awarded at no cost and increase his direct beneficial holdings to 127,199 shares, including the unvested RSUs described in the filing’s footnotes.
When do George Poste’s newly granted EXEL RSUs vest?
The 8,367 restricted stock units vest as to 100% of the shares on May 27, 2027. Vesting is conditioned on George Poste’s continuous service with Exelixis through that date, according to the terms described for this equity award in the filing’s footnotes.
Under which plan were George Poste’s EXEL restricted stock units granted?
The 8,367 restricted stock units were granted under the Exelixis, Inc. 2017 Equity Incentive Plan. This plan provides equity-based compensation such as RSUs, with each unit in this grant economically equivalent to one share of Exelixis common stock upon vesting and settlement.