IOVANCE interim CEO’s RSUs vest; shares withheld for tax
IOVANCE BIOTHERAPEUTICS Interim CEO & General Counsel Frederick G. Vogt had restricted stock units vest into 41,668 shares of common stock on the transaction date.
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Form Type
4
Rhea-AI Filing Summary
IOVANCE BIOTHERAPEUTICS Interim CEO & General Counsel Frederick G. Vogt had restricted stock units vest into 41,668 shares of common stock on the transaction date. The company withheld 17,701 shares to cover mandatory tax obligations, which was not an open-market sale. Following these transactions, Vogt directly held 553,505 common shares and 125,007 remaining RSUs that will vest in equal quarterly installments.
Insider Trade Summary
41,668 shares exercised/converted
Exercise
3 txns
Insider
Vogt Frederick G
Role
Interim CEO & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 41,668 | $0.00 | $0.00 |
| Exercise | Common Stock | 41,668 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 17,701 | $3.96 | $70K |
Holdings After Transaction:
Restricted Stock Units — 125,007 contracts (Direct);
Common Stock — 553,505 shares (Direct)
Footnotes (6)
- F1. Represents such shares underlying the restricted stock units ("RSUs") which vested on the transaction date.
- F2. Represents shares withheld by the Issuer to satisfy the mandatory tax withholding requirements upon vesting of the RSUs. This is not an open market sale of securities.
- F3. Represents common stock remaining after deducting the common stock withheld for taxes.
- F4. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F5. The remaining RSUs will vest in equal quarterly installments.
- F6. Such aggregate number reflects the remainder of such RSUs granted on March 1, 2024, but does not include any other RSUs held by such Reporting Person.
Key Figures
RSUs vested into common stock: 41,668 shares
Shares withheld for taxes: 17,701 shares
Common shares held after transaction: 553,505 shares
+1 more
4 metrics
RSUs vested into common stock
41,668 shares
RSUs vested on transaction date into IOVANCE common stock
Shares withheld for taxes
17,701 shares
Withheld to satisfy mandatory tax withholding on RSU vesting
Common shares held after transaction
553,505 shares
Direct IOVANCE common stock holdings after Form 4 transactions
Remaining RSUs
125,007 units
Unvested restricted stock units remaining after the vesting event
Key Terms
restricted stock units, RSUs, mandatory tax withholding, open market sale, +1 more
5 terms
restricted stock units financial
"Represents such shares underlying the restricted stock units ("RSUs") which vested on the transaction date."
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.
RSUs financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
mandatory tax withholding financial
"Represents shares withheld by the Issuer to satisfy the mandatory tax withholding requirements upon vesting of the RSUs."
open market sale financial
"This is not an open market sale of securities."
An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.
vest in equal quarterly installments financial
"The remaining RSUs will vest in equal quarterly installments."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did IOVANCE (IOVA) report for Frederick G. Vogt?
IOVANCE reported RSU vesting for Interim CEO & General Counsel Frederick G. Vogt into 41,668 common shares, with 17,701 shares withheld to cover mandatory tax obligations. These transactions are compensation-related rather than open-market buying or selling.
What happens to Frederick G. Vogt’s remaining RSUs at IOVANCE (IOVA)?
After the vesting event, Vogt held 125,007 restricted stock units. Footnotes explain each RSU represents one share of common stock, and the remaining RSUs will vest in equal quarterly installments over time as part of his compensation package.
What does the Form 4 reveal about IOVANCE (IOVA) RSU grant timing for Vogt?
The Form 4 notes that the vested RSUs were part of a grant made on March 1, 2024. The reported 125,007 remaining RSUs reflect the unvested portion of that grant and do not include any other RSUs Vogt may hold from separate awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
