Harmony Biosciences (HRMY) CMO granted options and RSUs
Rhea-AI Filing Summary
Harmony Biosciences (HRMY) chief medical officer Budur Kumar reported new equity awards and routine tax withholding transactions. On January 22, 2026, Kumar received a stock option for 42,600 shares of common stock at an exercise price of $36.76, vesting 25% on January 22, 2027 with the remainder vesting quarterly until the fourth anniversary, subject to continued service. On the same date, Kumar was granted 12,200 restricted stock units (RSUs) that vest in four equal annual installments beginning January 22, 2027.
On January 24 and 25, 2026, portions of earlier RSU grants vested, converting 2,188 and 2,662 RSUs into common shares. The company withheld 1,153 and 1,372 shares, respectively, at a price of $36.82 per share to satisfy income tax obligations, leaving 1,035 and 1,290 shares directly held after each event.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,662 | $0.00 | -- |
| Exercise | Common Stock | 2,662 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,372 | $36.82 | $51K |
| Exercise | Restricted Stock Units | 2,188 | $0.00 | -- |
| Exercise | Common Stock | 2,188 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,153 | $36.82 | $42K |
| Grant/Award | Stock Option | 42,600 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 12,200 | $0.00 | -- |
Footnotes (1)
- Shares withheld by the Issuer to satisfy required income tax withholdings pursuant to the vesting of restricted stock units on their scheduled vesting date. The stock option vests with respect to 25% of the underlying shares on January 22, 2027, with the remaining shares vesting ratably on a quarterly basis thereafter until the fourth anniversary of the grant date, subject to the Reporting Person's continued service through each applicable vesting date. The restricted stock units shall vest in four equal annual installments beginning on January 22, 2027, subject to the Reporting Person's continued service through each applicable vesting date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock and has no expiration date. This award of restricted stock units was previously granted on January 24, 2024. The restricted stock units shall vest in four equal annual installments beginning on January 24, 2025, subject to the Reporting Person's continued service through each applicable vesting date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock and has no expiration date. This award of restricted stock units was previously granted on January 25, 2025. The restricted stock units shall vest in four equal annual installments beginning on January 25, 2026, subject to the Reporting Person's continued service through each applicable vesting date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock and has no expiration date.
FAQ
What insider transactions did Harmony Biosciences (HRMY) report for Budur Kumar?
The filing shows that chief medical officer Budur Kumar received new stock options and RSUs on January 22, 2026, and that portions of prior RSU grants vested on January 24 and 25, 2026, with shares withheld to cover taxes.
How many stock options were granted to the Harmony Biosciences CMO in this Form 4?
Kumar was granted a stock option for 42,600 shares of Harmony Biosciences common stock at an exercise price of $36.76 per share, vesting over four years starting January 22, 2027, subject to continued service.
What restricted stock unit (RSU) awards does the Form 4 disclose for HRMY?
The filing reports a new grant of 12,200 RSUs on January 22, 2026, vesting in four equal annual installments beginning January 22, 2027. It also reflects vesting of previously granted RSUs from January 24, 2024 and January 25, 2025 awards.
What are the vesting terms for the stock options and RSUs granted to the HRMY CMO?
The stock option vests 25% on January 22, 2027, with the remaining 75% vesting quarterly until the fourth anniversary of the grant date. The 12,200 RSUs vest in four equal annual installments beginning January 22, 2027, each contingent on Kumar’s continued service through the applicable vesting date.