Harmony Biosciences (HRMY) CFO granted 164,309 stock options at $29.29 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harmony Biosciences Holdings, Inc. reported that Chief Financial Officer Glenn Reicin received a grant of stock options covering 164,309 shares of common stock. The options have an exercise price of $29.29 per share and expire on April 14, 2036.
According to the vesting terms, 25% of the underlying shares vest on April 14, 2027, with the remaining shares vesting quarterly until the fourth anniversary of the grant date, subject to his continued service. Following this award, Reicin holds 164,309 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reicin Glenn
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 164,309 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 164,309 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 164,309 options
Exercise price: $29.29 per share
Expiration date: April 14, 2036
+2 more
5 metrics
Options granted
164,309 options
Stock option grant to CFO Glenn Reicin
Exercise price
$29.29 per share
Stock option exercise price
Expiration date
April 14, 2036
Option term end date
Post-transaction options held
164,309 options
Total derivative holdings after grant
Initial vesting tranche
25% of underlying shares
Vesting on April 14, 2027
Key Terms
Stock Option, exercise price, Grant, award, or other acquisition, vesting
4 terms
Stock Option financial
"The stock option vests with respect to 25% of the underlying shares"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"conversion_or_exercise_price: "29.2900""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
vesting financial
"with the remaining shares vesting ratably on a quarterly basis"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Harmony Biosciences (HRMY) report for Glenn Reicin?
Harmony Biosciences reported that CFO Glenn Reicin received a stock option grant covering 164,309 shares of common stock. The award is a compensation-related grant, not an open-market share purchase or sale, and is documented as a derivative transaction on the Form 4 filing.
What are the key terms of Glenn Reicin’s Harmony Biosciences (HRMY) option grant?
The CFO received stock options on 164,309 underlying shares with an exercise price of $29.29 per share. These options are scheduled to expire on April 14, 2036, giving him a long-dated right to buy Harmony Biosciences common stock at that price.
How do Glenn Reicin’s Harmony Biosciences (HRMY) options vest over time?
The grant vests 25% of the underlying shares on April 14, 2027. The remaining 75% then vest ratably on a quarterly basis until the fourth anniversary of the grant date, contingent on his continued service with Harmony Biosciences through each vesting date.
Is Glenn Reicin’s Harmony Biosciences (HRMY) Form 4 transaction a stock purchase or sale?
The Form 4 reports a grant of stock options classified as an acquisition under code A, meaning a compensation-related award. It is not an open-market stock purchase or sale; instead, it gives him the right to buy shares later at a fixed exercise price.
What is Glenn Reicin’s reported Harmony Biosciences (HRMY) position after this option grant?
After the transaction, Glenn Reicin is shown as directly holding 164,309 stock options linked to Harmony Biosciences common stock. These options represent potential future share ownership, contingent on vesting and any exercises he may choose to make at the stated exercise price.