MiNK Therapeutics (INKT) director receives RSUs for board pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corvese Brian reported acquisition or exercise transactions in this Form 4 filing.
MiNK Therapeutics director Brian Corvese received stock-based board compensation rather than cash. He was granted 1,444 restricted stock units (RSUs) at $12.38 and 1,640 RSUs at $10.90 as compensation for board and committee retainers. The RSUs vest one month from each grant, and his direct common stock holdings total 53,137 shares after these awards. RSUs for Q1 2026 board and committee compensation were reported late due to an administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Corvese Brian
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,444 | $12.38 | $18K |
| Grant/Award | Common Stock | 1,640 | $10.90 | $18K |
Holdings After Transaction:
Common Stock — 53,137 shares (Direct, null)
Footnotes (1)
- The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs were received in lieu of cash retainers for board and committee compensation. The RSUs will vest one month from the grant date. Due to an administrative error, the RSUs for Q1 2026 Board and committee compensation were not filed timely.
Key Figures
RSU grant 1: 1,444 shares at $12.38
RSU grant 2: 1,640 shares at $10.90
Total shares held: 53,137 shares
+1 more
4 metrics
RSU grant 1
1,444 shares at $12.38
Common Stock RSUs granted on 2026-06-01
RSU grant 2
1,640 shares at $10.90
Common Stock RSUs granted on 2026-03-02
Total shares held
53,137 shares
Direct common stock ownership after transactions
RSU grants count
2 awards
Grant, award, or other acquisition transactions
Key Terms
restricted stock units ("RSUs"), contingent right, vest, in lieu of cash retainers, +1 more
5 terms
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"RSUs, which represent a contingent right to receive one share of Common Stock for each RSU"
vest financial
"The RSUs will vest one month from the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
in lieu of cash retainers financial
"The RSUs were received in lieu of cash retainers for board and committee compensation"
administrative error other
"Due to an administrative error, the RSUs for Q1 2026 Board and committee compensation were not filed timely"
FAQ
What insider transactions did MiNK Therapeutics (INKT) report for Brian Corvese?
MiNK Therapeutics reported that director Brian Corvese received two stock-based awards. He was granted 1,444 restricted stock units and 1,640 restricted stock units as board and committee compensation, both settled in common stock rather than cash retainers.
At what prices were Brian Corvese’s MiNK Therapeutics RSUs valued?
The RSU awards to Brian Corvese were valued using per-share prices. One grant for 1,444 restricted stock units used a $12.38 share price, while the second grant for 1,640 restricted stock units used a $10.90 share price for reporting purposes.
Why did MiNK Therapeutics grant RSUs to Brian Corvese instead of cash?
The RSUs were granted to Brian Corvese in lieu of cash retainers for board and committee compensation. Each restricted stock unit represents a contingent right to receive one share of common stock, aligning part of his compensation with MiNK Therapeutics equity.
When do Brian Corvese’s MiNK Therapeutics RSUs vest?
The restricted stock units granted to Brian Corvese will vest one month from the respective grant date. Upon vesting, each RSU entitles him to receive one share of MiNK Therapeutics common stock, as described in the Form 4 footnotes.
Was any MiNK Therapeutics (INKT) board compensation reported late in this filing?
Yes. The filing states that RSUs for Q1 2026 board and committee compensation were not filed timely due to an administrative error. This note clarifies that the delay related to reporting, not to the grant itself or its terms.