Director Holloway receives 15,000 RSUs at Lixte Biotechnology (LIXT)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Holloway Michael Andrew reported acquisition or exercise transactions in this Form 4 filing.
Lixte Biotechnology Holdings director Michael Andrew Holloway received an equity award of 15,000 restricted share units (RSUs). The RSUs were granted under the Lixte Biotechnology Holdings, Inc. 2020 Stock Incentive Plan and an applicable RSU agreement.
Each RSU represents a contingent right to receive one share of common stock upon vesting, subject to continued service. The 15,000 RSUs vested after the performance conditions in his RSU agreement were satisfied. Following this award, the total reported in his holdings is 40,000 RSUs, consisting of the 15,000 new RSUs and 25,000 previously granted RSUs, all of which have vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Holloway Michael Andrew
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 40,000 shares (Direct, null)
Footnotes (1)
- The reported transaction involved the Reporting Person's receipt of 15,000 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 15,000 RSUs vested upon the achievement of the performance conditions set forth in the Reporting Person's RSU agreement, which have been satisfied. The total reported in Column 5 includes (i) the 15,000 newly awarded RSUs, and (ii) 25,000 RSUs, all of which have vested.
Key Figures
New RSU grant: 15,000 RSUs
Total RSUs after transaction: 40,000 RSUs
Previously held RSUs: 25,000 RSUs
+1 more
4 metrics
New RSU grant
15,000 RSUs
Restricted share units awarded to director Holloway
Total RSUs after transaction
40,000 RSUs
Holdings reported following the grant
Previously held RSUs
25,000 RSUs
Earlier RSUs included in total holdings
Grant price per share
$0.00 per share
Equity award under stock incentive plan
Key Terms
restricted share units ("RSUs"), 2020 Stock Incentive Plan, contingent right to receive one share, performance conditions
4 terms
2020 Stock Incentive Plan financial
"The RSUs were granted pursuant to the applicable RSU agreement and the Lixte Biotechnology Holdings, Inc. 2020 Stock Incentive Plan."
performance conditions financial
"The 15,000 RSUs vested upon the achievement of the performance conditions set forth in the Reporting Person's RSU agreement, which have been satisfied."
FAQ
What insider transaction did LIXT director Michael Andrew Holloway report?
Michael Andrew Holloway reported receiving 15,000 restricted share units as an equity award. These RSUs were granted under Lixte Biotechnology Holdings’ 2020 Stock Incentive Plan as compensation, rather than through any open-market purchase or sale of the company’s common stock.
What are the key terms of Michael Andrew Holloway’s 15,000 LIXT RSU award?
The 15,000 RSUs were granted under the company’s 2020 Stock Incentive Plan and a specific RSU agreement. Each RSU entitles him to receive one share of Lixte common stock upon vesting, conditioned on continued service and achievement of designated performance conditions that have already been met.
Were performance conditions involved in Michael Andrew Holloway’s LIXT RSU vesting?
Yes. The 15,000 RSUs vested once performance conditions in his RSU agreement were achieved. The filing states these performance conditions have been satisfied, and vesting remains subject to his continued service, aligning the award with both company results and ongoing director commitment.
Is Michael Andrew Holloway’s LIXT RSU grant an open-market stock purchase?
No. The RSU award is a compensation-related equity grant, not an open-market purchase. It carries a transaction code for grants or awards and shows a price per share of zero, reflecting that the units were issued by the company under its stock incentive plan.