Inovio (NASDAQ: INO) CEO receives new RSUs and options as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INOVIO PHARMACEUTICALS, INC. reported routine equity compensation and related tax withholding transactions for CEO Jacqueline Elizabeth Shea. On May 20, 2026, 28,296 restricted stock units vested and were settled into common shares, with 12,306 shares withheld at $1.23 per share to cover tax obligations. Shea exercised a derivative award for 28,296 shares of common stock and, following this exercise, held 123,327 common shares directly, while after the tax withholding entry she held 111,021 shares directly. She also received new grants of 100,240 restricted stock units and 123,760 stock options with a $1.73 exercise price, vesting in equal annual installments from February 26, 2027 through February 26, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
28,296 shares exercised/converted
Mixed
5 txns
Insider
Shea Jacqueline Elizabeth
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 28,296 | $0.00 | -- |
| Grant/Award | Common Stock Option | 123,760 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 100,240 | $0.00 | -- |
| Exercise | Common Stock | 28,296 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,306 | $1.23 | $15K |
Holdings After Transaction:
Restricted Stock Unit — 56,592 shares (Direct, null);
Common Stock Option — 123,760 shares (Direct, null);
Common Stock — 123,327 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock. The vesting schedule for the 84,888 restricted stock units was as follows: 28,296 shares vested on May 20, 2026; 28,296 shares will vest on May 20, 2027; 28,296 shares will vest on May 20, 2028. Vested restricted stock units can be settled in shares of common stock, cash or a combination of both. The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in the immediately preceding row and described in footnote (1) herein. The stock option grant was approved by Inovio's Board of Directors on March 4, 2026, subject to shareholder approval of the amendment and restatement of the Amended and Restated 2023 Omnibus Incentive Plan under which the stock options were granted. Inovio's shareholders approved the amendment and restatement of the Amended and Restated 2023 Omnibus Incentive Plan on May 20, 2026. The vesting schedule for the options granted on May 20, 2026 was as follows: 41,254 shares will vest on February 26, 2027; 41,253 shares will vest on February 26, 2028; 41,253 shares will vest on February 26, 2029. Each restricted stock unit represents a contingent right to receive one share of common stock. The vesting schedule for the restricted stock units granted on May 20, 2026 was as follows: 33,414 shares will vest on February 26, 2027; 33,413 shares will vest on February 26, 2028; and 33,413 shares will vest on February 26, 2029. Vested restricted stock units can be settled in shares of common stock, cash or a combination of both. The restricted stock units were approved by Inovio's Board of Directors on March 4, 2026, subject to shareholder approval of the amendment and restatement of the Amended and Restated 2023 Omnibus Incentive Plan under which the restricted stock units were granted. Inovio's shareholders approved the amendment and restatement of the Amended and Restated 2023 Omnibus Incentive Plan on May 20, 2026.
Key Figures
Tax-withheld shares: 12,306 shares at $1.23
RSUs vested: 28,296 units
Common shares after withholding: 111,021 shares
+3 more
6 metrics
Tax-withheld shares
12,306 shares at $1.23
Shares withheld to cover tax obligations on RSU vesting
RSUs vested
28,296 units
Restricted stock units that vested and settled into common stock
Common shares after withholding
111,021 shares
Direct common stock holdings after tax-withholding disposition
Common shares after exercise
123,327 shares
Direct common stock holdings after derivative exercise
New RSU grant
100,240 units
Restricted stock units granted on May 20, 2026
New option grant
123,760 options at $1.73
Stock options granted, expiring May 20, 2036
Key Terms
Restricted Stock Unit, tax withholding obligations, stock option grant, Omnibus Incentive Plan, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations"
stock option grant financial
"The stock option grant was approved by Inovio's Board of Directors on March 4, 2026"
Omnibus Incentive Plan financial
"under which the stock options were granted. Inovio's shareholders approved the amendment and restatement of the Amended and Restated 2023 Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
Exercise or conversion of derivative security financial
"transaction code description: Exercise or conversion of derivative security"
FAQ
What insider transactions did INO CEO Jacqueline Shea report on May 20, 2026?
Jacqueline Shea reported equity compensation activity, including vesting of 28,296 restricted stock units into common shares, a related tax-withholding disposition of 12,306 shares, exercise of 28,296 derivative shares, and new grants of 100,240 restricted stock units and 123,760 stock options.
Were Jacqueline Shea’s INO Form 4 transactions open-market buys or sells?
The Form 4 shows no open-market buys or sells. Activity reflects RSU vesting, a derivative exercise for 28,296 shares, tax withholding of 12,306 shares, and compensation grants of restricted stock units and stock options rather than discretionary purchases or sales in the market.
What new RSU awards did INO grant to CEO Jacqueline Shea?
Shea received 100,240 restricted stock units, each representing a right to one INOVIO share. These RSUs vest in three installments: 33,414 on February 26, 2027, 33,413 on February 26, 2028, and 33,413 on February 26, 2029, subject to standard settlement terms.
What stock options did INO grant to CEO Jacqueline Shea and at what price?
Shea received options on 123,760 INOVIO shares with a conversion or exercise price of $1.73 per share. The options vest in three tranches from February 26, 2027, through February 26, 2029, and expire on May 20, 2036, according to the reported schedule.