HALO insider Cortney Caudill discloses options, RSUs and PSUs
Rhea-AI Filing Summary
HALO officer Cortney Caudill filed an initial Form 3 reporting direct ownership of 7,674 shares and equity awards that can convert to common stock. The reported awards include stock options exercisable for 89,224 and 11,302 shares with exercise prices of $33.51 and $57.44, restricted stock units totaling 38,641 shares, and performance stock units totaling 11,483 shares. Altogether these positions represent approximately 150,650 underlying shares subject to vesting and exercise schedules tied to service and performance.
Positive
- Substantial equity alignment: reporting person holds ~150,650 underlying shares via options, RSUs, and PSUs
- Performance linkage: part of the award (11,483 PSUs) vests based on performance, aligning pay with company results
- Staggered vesting: option and RSU schedules include multi‑year vesting, encouraging retention through service dates
Negative
- None.
Insights
Insider holds meaningful, mostly time‑ and performance‑based equity instead of large open market stakes.
The reported package is concentrated in compensation equity: two stock option grants totaling 100,526 underlying shares and combined restricted and performance units of 50,124 shares, along with a small direct stake of 7,674 shares. The options carry exercise prices of $33.51 and $57.44, and the PSUs remain subject to the issuer's service requirement through the third anniversary of the grant date.
Primary dependencies are future vesting, performance outcomes, and the company's share price relative to the option strike prices; near‑term monitoring through 11/01/2024 vesting milestones and the PSU service period ending on the third anniversary will determine how much equity actually becomes owned.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option to Purchase Common Stock | -- | -- | -- |
| holding | Option to Purchase Common Stock | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This option vests one-fourth on such date and then vests 1/48th monthly thereafter. One-fourth of the original grant vests on such date and one-fourth vests annually thereafter. Represents a restricted stock unit award with no exercise price. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The Issuer awarded the reporting person performance-based vesting stock units ("PSUs") on February 23, 2024 that included a performance measurement period ending December 31, 2024. This PSU holding represents the Issuer's determination of the number of stock units that became eligible to vest based on performance for such performance period. The stock units remain subject to a service-based requirement through the third anniversary of the PSU grant date.
