Equity grants to Halozyme (NASDAQ: HALO) director Matthew Posard
Rhea-AI Filing Summary
HALOZYME THERAPEUTICS, INC. director Matthew L. Posard received equity awards as part of the company’s director compensation program. He was granted 3,796 restricted stock units, each representing one future share of common stock, and options for 6,040 shares at an exercise price of $65.87 per share.
The RSUs and options vest in full on the earlier of May 5, 2027 or the next annual meeting of stockholders. The RSUs are subject to a deferral election so shares are delivered when he completes his service as a director. After these grants, he directly holds 77,835 common shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to Purchase Common Stock | 6,040 | $0.00 | -- |
| Grant/Award | Common Stock | 3,796 | $0.00 | -- |
Footnotes (1)
- Represents annual restricted stock unit ("RSU") grant under the Issuer's director compensation program. Each RSU represents the right to receive one share of common stock of the Issuer. This grant will vest in full on the earlier of (i) May 5, 2027 and (ii) the date of the Issuer's next annual meeting of stockholders. These stock units are subject to a written deferral election under the Issuer's Directors Deferred Equity Compensation Plan pursuant to which shares of common stock are released to the reporting person upon completion of service as a director. Represents annual stock option grant under the Issuer's director compensation program. This grant will vest in full on the earlier of (i) May 5, 2027 and (ii) the date of the Issuer's next annual meeting of stockholders.
Key Figures
Key Terms
restricted stock unit ("RSU") financial
Directors Deferred Equity Compensation Plan financial
annual stock option grant financial
director compensation program financial
FAQ
What equity awards did Halozyme (HALO) director Matthew Posard receive?
Matthew Posard received 3,796 restricted stock units and options for 6,040 shares of Halozyme common stock. These awards are part of the company’s annual director compensation program and do not represent open-market purchases or sales of existing shares.
What is the exercise price and term of the new Halozyme (HALO) stock options?
The new stock options granted to Matthew Posard cover 6,040 shares at an exercise price of $65.87 per share. They vest in full on the earlier of May 5, 2027 or Halozyme’s next annual stockholder meeting, and expire on May 5, 2036.
When do Halozyme (HALO) director equity awards for Matthew Posard vest?
Both the 3,796 restricted stock units and the 6,040-share stock option grant vest in full on the earlier of May 5, 2027 or the date of Halozyme’s next annual meeting of stockholders. Vesting must occur before any shares can be delivered or options exercised.