Jazz Pharmaceuticals (JAZZ) CEO awarded 18,808 RSUs with four-year vesting
Rhea-AI Filing Summary
Renee D. Gala, President & CEO of Jazz Pharmaceuticals (JAZZ), reported a grant of 18,808 restricted stock units (RSUs) under the Issuer's 2011 Equity Incentive Plan with a vesting schedule measured from a September 2025 commencement date. Each RSU represents a contingent right to one ordinary share and vests in equal annual installments over four years, with one-quarter vesting on the first anniversary. The filing also discloses acquisition of 166 ordinary shares under a Section 423 Employee Stock Purchase Plan on May 30, 2025. Following the reported transactions, Ms. Gala beneficially owns 107,869 ordinary shares.
Positive
- 18,808 RSUs granted under the Issuer's 2011 Equity Incentive Plan with an explicit four-year vesting schedule starting September 2025.
- 166 ordinary shares acquired under a Section 423 Employee Stock Purchase Plan on May 30, 2025; total beneficial ownership reported as 107,869 shares.
Negative
- None.
Insights
TL;DR: CEO granted 18,808 RSUs that convert to ordinary shares over four years; total reported beneficial ownership is 107,869 shares.
The reported award of 18,808 RSUs is structured to vest in equal annual installments over four years beginning September 2025, which creates a predictable schedule for potential issuance of ordinary shares upon vesting. The filing separately records acquisition of 166 shares via the Section 423 Employee Stock Purchase Plan. These items are routine compensation and purchase disclosures that update insider holdings; they do not themselves disclose cash payments, additional cash compensation changes, or other operational results.
TL;DR: Equity grant follows the Issuer's 2011 Equity Incentive Plan and uses multi-year vesting, consistent with long-term incentive practices.
The RSUs are explicitly granted under the 2011 Equity Incentive Plan and include a four-year vesting timetable measured from a specified vesting commencement date. The filing also reports an employee purchase plan transaction of 166 shares. Both disclosures are standard governance-level items that document insider compensation and share accumulation; the form records beneficial ownership updating but contains no additional governance actions or departures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 18,808 | $0.00 | -- |
Footnotes (1)
- These restricted stock units are granted pursuant to the Issuer's 2011 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one ordinary share upon the vesting of the unit. These units vest in equal annual installments over four years measured from the vesting commencement date of September, 2025, with 1/4th vesting on the first anniversary of the vesting commencement date and the remainder vesting in equal annual installments over the subsequent three years. The Reporting Person acquired 166 ordinary shares under a Section 423 Employee Stock Purchase Plan on May 30, 2025.
FAQ
Who reported the transaction on the Form 4 for JAZZ?
What equity award did Renee Gala receive and when did the transaction occur?
What is the vesting schedule for the RSUs granted to Renee Gala?