LIXTE director granted 30,000 RSUs in equity award
Felix Lourdes reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Felix Lourdes reported acquisition or exercise transactions in this Form 4 filing.
LIXTE Biotechnology Holdings director Felix Lourdes received a grant of 30,000 restricted share units (RSUs) under the company’s 2020 Stock Incentive Plan. The RSUs represent the right to receive an equal number of common shares upon vesting, and the performance conditions for these 30,000 RSUs have been satisfied.
After this award, Lourdes holds a total of 55,000 RSUs, including 25,000 RSUs that have already vested. The grant was a compensation award with no cash paid per share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. The reported transaction involved the Reporting Person's receipt of 30,000 restricted share units ("RSUs"). The RSUs were granted pursuant to the applicable RSU agreement and the Lixte Biotechnology Holdings, Inc. 2020 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of common stock upon vesting, subject to continued service. The 30,000 RSUs vested upon the achievement of the performance conditions set forth in the Reporting Person's RSU agreement, which have been satisfied.
- F2. The total reported in Column 5 includes (i) the 30,000 newly awarded RSUs, and (ii) 25,000 RSUs, all of which have vested.
Key Figures
Key Terms
2020 Stock Incentive Plan financial
performance conditions financial
FAQ
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What insider transaction did LIXT director Felix Lourdes report on this Form 4?
Were the 30,000 LIXT RSUs granted to Felix Lourdes subject to performance conditions?
What plan governed the 30,000 LIXT RSU grant to Felix Lourdes?
AI-generated analysis. How Rhea-AI works. Not financial advice.