Heron Therapeutics (HRTX) CFO details RSU vesting and tax withholding
Rhea-AI Filing Summary
Heron Therapeutics EVP and Chief Financial Officer Ira Duarte reported equity compensation activity involving restricted stock units (RSUs). On July 19, 2026, 3,874 RSUs converted into common stock, and 1,101 shares were withheld at $0.47 per share for taxes. After these transactions, filings show 263,846 common shares held directly and 23,246 restricted stock units remaining, as part of an award that vests in 16 equal quarterly installments beginning one quarter after the January 19, 2024 grant date.
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Insider Trade Summary
Net Buyer: 2,773 shares
Net Buy
3 txns
Insider
Duarte Ira
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2 | 3,874 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,874 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 1,101 | $0.47 | $517.47 |
Holdings After Transaction:
Restricted Stock Units — 23,246 shares (Direct);
Common Stock — 263,846 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2. The restricted stock units vest in 16 equal quarterly installments beginning one quarter after the date of grant (01/19/2024).
Key Figures
RSUs Converted to Common Stock: 3,874 shares
Shares Withheld for Taxes: 1,101 shares
Tax Withholding Price: $0.47 per share
+3 more
6 metrics
RSUs Converted to Common Stock
3,874 shares
Restricted stock units converted into common stock on July 19, 2026
Shares Withheld for Taxes
1,101 shares
Common shares withheld at $0.47 per share to satisfy tax obligations
Tax Withholding Price
$0.47 per share
Value applied to the 1,101 shares used for tax withholding
Direct Common Shares After Transactions
263,846 shares
Directly held Heron Therapeutics common stock after tax-withholding disposition
RSUs Remaining After Conversion
23,246 units
Restricted stock units remaining outstanding following the 3,874-unit conversion
RSU Vesting Installments
16 quarterly installments
Award vests in 16 equal quarterly installments after the January 19, 2024 grant
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security
3 terms
Restricted Stock Units financial
"Security title reported as "Restricted Stock Units" with 3,874 units converted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Transaction action described as a "tax-withholding disposition" of 1,101 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Transaction code description notes an "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did HRTX executive Ira Duarte report on July 19, 2026?
Ira Duarte reported 3,874 restricted stock units converting into common stock and 1,101 shares withheld at $0.47 per share to cover taxes. These movements reflect equity compensation mechanics rather than open-market purchases or sales of Heron Therapeutics stock.
What is the vesting schedule for Ira Duarte’s HRTX restricted stock units?
According to the footnotes, the restricted stock units vest in 16 equal quarterly installments, beginning one quarter after the January 19, 2024 grant date. After the July 19, 2026 conversion of 3,874 RSUs, 23,246 units from this award remain outstanding.
Were Ira Duarte’s July 2026 HRTX transactions made under a Rule 10b5-1 trading plan?
The Form 4 does not indicate use of a Rule 10b5-1 trading plan. The document-level 10b5-1 checkbox is not marked affirmatively, and no footnote describes the transactions as occurring pursuant to a pre-arranged trading plan.