Galectin Therapeutics (GALT) director awarded 60,000 stock options at $3.1600
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Galectin Therapeutics Inc director Henry Brem received a grant of stock options. The award covers 60,000 stock options, each allowing the purchase of one share of common stock at an exercise price of $3.1600 per share, reported as a direct holding.
The options were issued pursuant to the Galectin Therapeutics, Inc. 2019 Omnibus Equity Incentive Plan. They vest 100% on December 31, 2026 and are scheduled to expire on March 12, 2036. Following this grant, Brem holds 60,000 stock options linked to Galectin common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brem Henry
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 60,000 | $0.00 | -- |
Holdings After Transaction:
Stock option (right to buy) — 60,000 shares (Direct)
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 did Henry Brem report in his latest Form 4 for GALT?
Henry Brem reported receiving a grant of stock options in Galectin Therapeutics Inc. The filing shows 60,000 stock options were awarded, giving him the right to buy an equal number of common shares at a fixed exercise price in the future.
How many Galectin Therapeutics (GALT) stock options were granted to Henry Brem?
Henry Brem was granted 60,000 stock options linked to Galectin common stock. Each option corresponds to one underlying share, as disclosed, and all 60,000 options are reported as directly owned after the transaction, according to the Form 4 filing details.
What is the exercise price of Henry Brem’s new GALT stock options?
The exercise price of Henry Brem’s stock options is $3.1600 per share. This means he can purchase Galectin Therapeutics common stock at $3.1600 for each of the 60,000 options, subject to vesting and before the stated expiration date in the filing.
When do Henry Brem’s Galectin Therapeutics stock options vest and expire?
The options vest 100% on December 31, 2026 and expire on March 12, 2036. Brem must wait until full vesting to exercise them, and he must do so before the expiration date specified in the Form 4 and related footnotes.
Were Henry Brem’s GALT stock options granted under a company equity plan?
Yes, the stock options were issued under the Galectin Therapeutics, Inc. 2019 Omnibus Equity Incentive Plan. The Form 4 footnotes specify that this plan is the source of the 60,000-option award reported in the transaction.