Innoviva director receives RSUs and stock options
Innoviva, Inc. director Derek A. Small received equity awards tied to his board service.
Rhea-AI Filing Summary
Innoviva, Inc. director Derek A. Small received equity awards tied to his board service. He acquired 9,786 shares of common stock through restricted stock units at no cost and now holds 45,035 shares directly. He was also granted non-statutory stock options for 10,000 shares of common stock at an exercise price of $22.99 per share, expiring in 2036. All RSUs and options vest 100% at the earlier of the next annual stockholder meeting or the one-year anniversary of grant, with accelerated vesting upon death, disability, or certain change in control events.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 19,786 shares
Grant/Award
2 txns
Insider
Small Derek A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-statutory Stock Option | 10,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 9,786 | $0.00 | $0.00 |
Holdings After Transaction:
Non-statutory Stock Option — 10,000 contracts (Direct);
Common Stock — 45,035 shares (Direct)
Footnotes (1)
- F1. The Reporting Person was granted restricted stock units ("RSUs") and non-statutory stock options ("Options") upon the conclusion of the Issuer's 2026 annual meeting of stockholders. 100% of the RSUs and Options will vest at the sooner of the next annual stockholder meeting or the one-year anniversary of grant, subject to the Reporting Person's continuous service as an Outside Director through the applicable vesting date, with accelerated vesting upon the Reporting Person's death, disability, or in the event of a "change in control" (as defined in the Issuer's 2026 Equity Incentive Plan), provided that the Reporting Person has not experienced a termination prior to such "change in control," death or disability.
Key Figures
RSU grant: 9,786 shares
Shares held after grant: 45,035 shares
Option grant size: 10,000 options
+2 more
5 metrics
RSU grant
9,786 shares
Restricted stock units granted on May 4, 2026
Shares held after grant
45,035 shares
Common stock directly owned after transactions
Option grant size
10,000 options
Non-statutory stock options granted May 4, 2026
Option exercise price
$22.99 per share
Exercise price for 10,000 non-statutory stock options
Option expiration
May 3, 2036
Expiration date for non-statutory stock options
Key Terms
restricted stock units, Non-statutory Stock Option, Outside Director, change in control, +1 more
5 terms
restricted stock units financial
"The Reporting Person was granted restricted stock units ("RSUs") and non-statutory stock options"
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.
Non-statutory Stock Option financial
"security_title": "Non-statutory Stock Option""
A non-statutory stock option is a company-granted right that lets a person buy shares later at a set price but does not receive special tax-favored treatment under tax law. It matters to investors because when the option is used the holder usually pays ordinary income tax on the gain and the company records compensation cost and issues new shares, which can reduce existing owners’ percentage ownership—think of it like a coupon to buy stock that creates a taxable event and some dilution.
Outside Director financial
"subject to the Reporting Person's continuous service as an Outside Director through the applicable vesting date"
change in control financial
"in the event of a "change in control" (as defined in the Issuer's 2026 Equity Incentive Plan)"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
2026 Equity Incentive Plan financial
"as defined in the Issuer's 2026 Equity Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Innoviva (INVA) report for Derek A. Small?
Innoviva reported that director Derek A. Small received 9,786 restricted stock units and 10,000 non-statutory stock options as compensation. These grants increased his direct holdings and align his interests with shareholders through equity-based incentives tied to continued board service.
What are the terms of Derek A. Small’s Innoviva (INVA) stock options?
Small’s non-statutory stock options cover 10,000 shares of Innoviva common stock at a $22.99 exercise price. The options were granted in 2026, fully vest on the earlier of the next annual stockholder meeting or one year after grant, and expire in 2036 if not exercised.
When do Derek A. Small’s Innoviva (INVA) RSUs and options vest?
All RSUs and options vest 100% at the sooner of the next annual stockholder meeting or the one-year anniversary of grant. Vesting is conditioned on his continuous service as an Outside Director, with accelerated vesting upon death, disability, or a qualifying change in control.
Were Derek A. Small’s Innoviva (INVA) equity grants open-market purchases?
No, the 9,786 RSUs and 10,000 options were compensation awards, not open-market purchases. They were granted at a reported price of $0.00 per unit, with options exercisable later at $22.99 per share, reflecting standard board equity compensation structure.
What triggers accelerated vesting of Innoviva (INVA) awards for Derek A. Small?
Accelerated vesting occurs upon Derek A. Small’s death, disability, or a defined change in control, provided his service has not terminated earlier. Under these events, his unvested RSUs and options become fully vested, according to Innoviva’s 2026 Equity Incentive Plan terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
