Jazz Pharmaceuticals (JAZZ) CEO receives 44,465 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GALA RENEE D reported acquisition or exercise transactions in this Form 4 filing.
Jazz Pharmaceuticals plc reported that President & CEO Renee D. Gala received an equity grant of 44,465 restricted stock units under the company’s 2011 Equity Incentive Plan. Each unit represents a right to receive one ordinary share when it vests.
The grant vests in four equal annual installments starting on March 5, 2026, with one-quarter vesting on the first anniversary of that date and the remaining three-quarters vesting in equal annual installments over the following three years. After this award, she directly holds 159,695 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GALA RENEE D
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 44,465 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 159,695 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did Jazz Pharmaceuticals (JAZZ) CEO Renee Gala report on this Form 4?
Renee D. Gala reported receiving a grant of 44,465 restricted stock units. These units were awarded under Jazz Pharmaceuticals’ 2011 Equity Incentive Plan and will convert into ordinary shares only as they vest over time according to the defined schedule.
How many restricted stock units did the JAZZ CEO receive and at what price?
The CEO received 44,465 restricted stock units at a stated price of $0.00 per unit. This reflects an equity award rather than an open-market purchase, meaning no cash was paid by her for these units at the time of grant.
What is the vesting schedule for the 44,465 restricted stock units at Jazz Pharmaceuticals?
The 44,465 units vest in four equal annual installments starting March 5, 2026. One-quarter vests on the first anniversary of that date, with the remaining three-quarters vesting in equal annual installments over the following three years, subject to continued service.
How do these restricted stock units convert into Jazz Pharmaceuticals ordinary shares?
Each restricted stock unit represents a contingent right to receive one ordinary share upon vesting. As each tranche of units vests under the schedule, the corresponding number of ordinary shares is delivered, increasing the CEO’s directly held share count over time.
Under which plan were the JAZZ CEO’s restricted stock units granted?
The restricted stock units were granted under Jazz Pharmaceuticals’ 2011 Equity Incentive Plan. This plan is used to provide equity-based compensation, aligning executive interests with shareholders by delivering ordinary shares as awards vest over specified time periods.