Kiniksa (KNSA) CMO granted options, RSUs and PSUs in equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kiniksa Pharmaceuticals International, plc reported multiple equity awards and related exercises for its Chief Medical Officer, John F. Paolini, on April 1, 2026. He received a share option for 26,750 Class A Ordinary Shares at an exercise price of $48.13 per share, expiring on March 31, 2036, that vests over time starting April 1, 2026.
He was also granted 6,700 Restricted Share Units and 13,400 Performance Share Units, each linked to Class A Ordinary Shares and subject to four-year time-based or performance-based vesting, with PSUs eligible to convert into up to 200% of one share each by January 30, 2029. In addition, Paolini exercised previously granted RSUs for 5,831 Class A Ordinary Shares, with 2,821 shares withheld at $48.13 per share to cover tax obligations.
Following these transactions, Paolini directly holds 64,334 Class A Ordinary Shares, reflecting routine compensation-related equity activity rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,831 shares exercised/converted
Mixed
8 txns
Insider
Paolini John F.
Role
CHIEF MEDICAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Option | 26,750 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 6,700 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 13,400 | $0.00 | -- |
| Exercise | Restricted Share Unit | 1,624 | $0.00 | -- |
| Exercise | Restricted Share Unit | 1,750 | $0.00 | -- |
| Exercise | Restricted Share Unit | 2,457 | $0.00 | -- |
| Exercise | Class A Ordinary Share | 5,831 | $0.00 | -- |
| Tax Withholding | Class A Ordinary Share | 2,821 | $48.13 | $136K |
Holdings After Transaction:
Share Option — 26,750 shares (Direct);
Restricted Share Unit — 6,700 shares (Direct);
Performance Share Unit — 13,400 shares (Direct);
Class A Ordinary Share — 67,155 shares (Direct)
Footnotes (1)
- Each Restricted Share Unit (RSU) represents a contingent right to receive one Class A Ordinary Share of the Issuer. The option vests and becomes exercisable as to 25% of the total grant on the first anniversary of the vesting commencement date and vests in 36 equal monthly installments thereafter. The vesting commencement date is April 1, 2026. The RSUs vest over a four-year period, with 25% of the RSUs vesting on the vesting commencement date of April 1, 2026, and each yearly anniversary thereafter. Each Performance Share Unit (PSU) represents a contingent right to receive a number of Class A Ordinary Shares of the Issuer based upon the achievement of certain pre-established performance criteria, as certified by the Issuer's Compensation Committee Unless earlier forfeited, each PSU vests and converts into not more than 200% of one Class A Ordinary Share of the Issuer no later than January 30, 2029, unless such date falls on a non-business date, in which case the next business date shall apply. The RSUs vest over a four-year period, with 25% of the RSUs vesting on each yearly anniversary of the date of the grant, April 1, 2023. The RSUs vest over a four-year period, with 25% of the RSUs vesting on each yearly anniversary of the date of the grant, April 1, 2024. The RSUs vest over a four-year period, with 25% of the RSUs vesting on each yearly anniversary of the date of the grant, April 1, 2025.
Key Figures
Option grant size: 26,750 shares
Option exercise price: $48.13/share
Option expiration: March 31, 2036
+5 more
8 metrics
Option grant size
26,750 shares
Share option for Class A Ordinary Shares granted April 1, 2026
Option exercise price
$48.13/share
Exercise price of April 1, 2026 option grant
Option expiration
March 31, 2036
Expiration date of granted share option
RSU grant size
6,700 units
Restricted Share Units granted April 1, 2026
PSU grant size
13,400 units
Performance Share Units granted April 1, 2026
RSUs exercised
5,831 shares
Class A Ordinary Shares from RSU exercises on April 1, 2026
Tax-withheld shares
2,821 shares
Shares withheld at $48.13 to cover tax obligations
Shares held after transactions
64,334 shares
Direct Class A Ordinary Shares owned after April 1, 2026 activity
Key Terms
Restricted Share Unit, Performance Share Unit, vesting commencement date, tax-withholding disposition, +2 more
6 terms
vesting commencement date financial
"The vesting commencement date is April 1, 2026."
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
exercise or conversion of derivative security financial
"Exercise or conversion of derivative security"
Compensation Committee financial
"based upon the achievement of certain pre-established performance criteria, as certified by the Issuer's Compensation Committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What equity awards did KNSA grant to CMO John F. Paolini on April 1, 2026?
On April 1, 2026, John F. Paolini received a stock option for 26,750 Class A Ordinary Shares at $48.13, plus 6,700 Restricted Share Units and 13,400 Performance Share Units. These awards vest over several years, aligning compensation with future company performance.
How do the new stock options for Kiniksa (KNSA) CMO John Paolini vest?
The 26,750-share option grant vests 25% on the first anniversary of the April 1, 2026 vesting commencement date, then in 36 equal monthly installments. This structure gradually delivers exercisable options, tying long-term incentives to continued service at Kiniksa.
What RSU exercises and tax withholdings did KNSA’s CMO report?
Paolini exercised RSUs that delivered 5,831 Class A Ordinary Shares. Of these, 2,821 shares were withheld at $48.13 per share to satisfy tax obligations. This F-code disposition is a tax-withholding mechanism, not an open-market stock sale by the executive.