Korro Bio (KRRO) awards 20,132 RSUs to its chief operating officer
Rhea-AI Filing Summary
Korro Bio, Inc. (KRRO) granted its chief operating officer 20,132 restricted stock units linked to its common stock. These RSUs were acquired at a reported price of $0.00 and leave the officer beneficially owning 20,132 shares directly after the transaction. The award was made under the company’s 2023 Stock Option and Incentive Plan and will vest in two equal installments: 50% on June 15, 2026 and 50% on December 15, 2026, provided the officer maintains a continuous Service Relationship through each vesting date.
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FAQ
What insider equity award did Korro Bio (KRRO) grant to its COO?
Korro Bio’s chief operating officer received 20,132 restricted stock units (RSUs) representing shares of common stock issuable upon settlement under the company’s 2023 Stock Option and Incentive Plan.
When do the RSUs granted to Korro Bio's COO vest?
The RSUs vest in two equal installments: 50% on June 15, 2026 and 50% on December 15, 2026, in each case subject to the officer maintaining a continuous Service Relationship.
How many Korro Bio shares does the COO beneficially own after this transaction?
Following the reported transaction, the chief operating officer beneficially owns 20,132 shares of common stock directly.
Under what plan were the RSUs to Korro Bio's COO granted?
The RSUs were granted under Korro Bio’s 2023 Stock Option and Incentive Plan.
What is the relationship of the reporting person to Korro Bio (KRRO)?
The reporting person is an officer of Korro Bio, serving as its Chief Operating Officer. The boxes for Director and 10% Owner are not checked.
What condition must be met for the COO's RSUs at Korro Bio to vest?
The RSUs will vest only if the reporting person maintains a continuous Service Relationship, as defined in the 2023 Plan, through each vesting date.