Galectin Therapeutics (GALT) grants director 60,000 stock options
Rhea-AI Filing Summary
Galectin Therapeutics Inc. director Gilbert S. Omenn reported receiving a grant of derivative securities in the form of stock options. On January 16, 2026, he was awarded 60,000 stock options (right to buy) with a stated exercise price of $0 per share, all held in a direct ownership capacity. Following this grant, he beneficially owned 60,000 derivative securities linked to the company’s common stock. The options were issued under the Galectin Therapeutics, Inc. 2019 Omnibus Equity Incentive Plan and are scheduled to vest 100% on December 31, 2026, meaning they become fully exercisable on that date.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 60,000 | $0.00 | -- |
Footnotes (1)
- The stock options were issued pursuant to the Galectin Therapeutics, Inc. 2019 Omnibus Equity Incentive Plan. The options vest 100% on December 31, 2026.
FAQ
What insider transaction did Galectin Therapeutics (GALT) report?
Galectin Therapeutics reported that director Gilbert S. Omenn received a grant of 60,000 stock options (right to buy) on January 16, 2026, as shown in a Form 4 filing.
What are the key terms of the 60,000 stock options granted to the Galectin Therapeutics (GALT) director?
The Form 4 shows 60,000 stock options with an exercise price of $0 per share, directly owned by the director and issued under the 2019 Omnibus Equity Incentive Plan.
When do the Galectin Therapeutics (GALT) stock options granted to the director vest?
According to the footnotes, the 60,000 stock options granted to the director vest 100% on December 31, 2026, at which point they become fully exercisable.
How many derivative securities does the Galectin Therapeutics (GALT) director own after this Form 4 transaction?
After the reported grant, the director beneficially owns 60,000 derivative securities in the form of stock options tied to Galectin Therapeutics common stock.
Under which equity plan were the Galectin Therapeutics (GALT) stock options granted?
The footnotes state that the stock options were issued under the Galectin Therapeutics, Inc. 2019 Omnibus Equity Incentive Plan, which governs this grant.
Is the Galectin Therapeutics (GALT) Form 4 filing for a director or officer?
The reporting person, Gilbert S. Omenn, is listed as a director of Galectin Therapeutics Inc. and is not identified as an officer or 10% owner in the Form 4.