Cam Gallagher of Opus Genetics (IRD) receives 24,367-share restricted stock grant
Rhea-AI Filing Summary
Gallagher Cam reported acquisition or exercise transactions in this Form 4 filing.
Opus Genetics, Inc. director Cam Gallagher reported an equity compensation grant and updated share holdings. He received 24,367 shares of Common Stock as a grant of restricted stock units at $0.0000 per share, which vest upon the earlier of one year from grant or the day before the next annual stockholder meeting, subject to continued service. Following this grant, he directly holds 2,015,797 Common Stock shares. A separate holding entry shows 83,000 Common Stock shares held indirectly as custodian for a minor child under the Uniform Transfer to Minors Act, for which he disclaims beneficial ownership except to any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 24,367 shares
Net Buy
2 txns
Insider
Gallagher Cam
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,367 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,015,797 shares (Direct);
Common Stock — 83,000 shares (Indirect, By Garret Gallagher - Custodian UTMA/UGMA)
Footnotes (2)
- F1. Represents a grant of restricted stock units which vest upon the earlier of the one (1) year anniversary of the grant date or the day prior to the Issuer's next annual meeting of stockholders occurring after the grant date, subject to the Reporting Person's continuing service through the vesting date.
- F2. These securities are held of record by the Reporting Person as custodian for a minor child under the Uniform Transfer to Minors Act. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
RSU grant size: 24,367 shares
Grant price: $0.0000 per share
Direct holdings after grant: 2,015,797 shares
+2 more
5 metrics
RSU grant size
24,367 shares
Restricted stock units of Common Stock granted to director
Grant price
$0.0000 per share
Price per share for the restricted stock unit grant
Direct holdings after grant
2,015,797 shares
Common Stock directly owned following the transaction
Indirect custodial holdings
83,000 shares
Shares held as custodian for a minor child under UTMA
Vesting condition
Earlier of 1 year or pre-next annual meeting
Vesting schedule for the restricted stock units, service-based
Key Terms
restricted stock units, Uniform Transfer to Minors Act, pecuniary interest
3 terms
restricted stock units financial
"Represents a grant of restricted stock units which vest upon the earlier of the one (1) year anniversary"
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.
Uniform Transfer to Minors Act financial
"held of record by the Reporting Person as custodian for a minor child under the Uniform Transfer to Minors Act"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Cam Gallagher report for Opus Genetics (IRD)?
Cam Gallagher reported receiving a grant of 24,367 Opus Genetics common shares as restricted stock units at $0.0000 per share. These units are equity compensation rather than an open-market purchase, reflecting a non-cash award tied to his service as a director.
How do the restricted stock units granted to Cam Gallagher vest at Opus Genetics (IRD)?
The 24,367 restricted stock units vest on the earlier of the one-year anniversary of the grant date or the day before Opus Genetics’ next annual stockholder meeting. Vesting is conditioned on Gallagher’s continued service through the applicable vesting date.
What does the custodian entry mean in Cam Gallagher’s Opus Genetics (IRD) holdings?
The Form 4 lists 83,000 Opus Genetics shares held indirectly by Gallagher as custodian for a minor under the Uniform Transfer to Minors Act. He disclaims beneficial ownership of these shares except for any pecuniary interest he may have in them.