Director at Foghorn (NASDAQ: FHTX) receives 28,000 stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foghorn Therapeutics Inc. director Stuart Duty received a grant of stock options to buy 28,000 shares of Common Stock at an exercise price of $4.08 per share. The options vest in full on the first anniversary of the grant date, subject to his continued board service, and expire on June 23, 2036. Following this grant, Duty holds 28,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Duty Stuart
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to buy) | 28,000 | $4.08 | $114K |
Holdings After Transaction:
Stock Options (Right to buy) — 28,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 28,000 stock options
Exercise price: $4.08 per share
Underlying shares: 28,000 shares of Common Stock
+2 more
5 metrics
Options granted
28,000 stock options
Grant to director Stuart Duty
Exercise price
$4.08 per share
Stock option strike price
Underlying shares
28,000 shares of Common Stock
Shares purchasable upon exercise
Expiration date
June 23, 2036
Option term end
Post-grant derivative holdings
28,000 stock options
Total options following transaction
Key Terms
Stock Options (Right to buy), Common Stock, Grant, award, or other acquisition, board of directors
4 terms
Stock Options (Right to buy) financial
"security_title: "Stock Options (Right to buy)""
Common Stock financial
"underlying_security_title: "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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
board of directors financial
"subject to the reporting person's continued service on the board of directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did Foghorn Therapeutics (FHTX) report for Stuart Duty?
Foghorn Therapeutics reported that director Stuart Duty received a grant of stock options. He was awarded 28,000 options to acquire Common Stock at an exercise price of $4.08 per share as director compensation, according to a Form 4 insider filing.
How many stock options did Stuart Duty receive at Foghorn Therapeutics (FHTX)?
Stuart Duty received 28,000 stock options from Foghorn Therapeutics. These options give him the right to buy 28,000 shares of Common Stock at a fixed exercise price of $4.08 per share, subject to vesting conditions tied to continued board service.
What is the exercise price of Stuart Duty’s Foghorn Therapeutics (FHTX) options?
The exercise price of Stuart Duty’s stock options is $4.08 per share. This means he can purchase Foghorn Therapeutics Common Stock at $4.08 once the options vest, regardless of the market price at that time, until the options expire.
When do Stuart Duty’s Foghorn Therapeutics (FHTX) options vest?
Stuart Duty’s options vest in full on the first anniversary of the grant date. Vesting is conditional on his continued service on Foghorn Therapeutics’ board of directors, so he must remain a director through that one-year period to receive the full grant.
When do the stock options granted to Stuart Duty at Foghorn Therapeutics (FHTX) expire?
The stock options granted to Stuart Duty expire on June 23, 2036. After that expiration date, he can no longer exercise the right to buy Foghorn Therapeutics Common Stock at the fixed $4.08 exercise price under this specific option grant.
Is Stuart Duty’s Foghorn Therapeutics (FHTX) option grant a market purchase or compensation award?
The transaction is a compensation-related award, not a market purchase. The Form 4 describes it as a grant or award acquisition of stock options, issued in connection with his service on the Foghorn Therapeutics board of directors.