LIXTE (LIXT) director receives 25,000 RSU equity grant
Rhea-AI Filing Summary
Porter Stuart D reported acquisition or exercise transactions in this Form 4 filing.
LIXTE BIOTECHNOLOGY HOLDINGS, INC. director Stuart D. Porter reported receiving an equity grant of 25,000 shares of common stock in the form of restricted share units. The grant was made at a stated price of $0.00 per share, reflecting stock-based compensation rather than a market purchase.
The 25,000 RSUs were granted under the company’s 2020 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of common stock upon vesting, subject to continued service. The RSUs vest 25% on May 29, 2026, and 25% on the last date of each subsequent calendar quarter until fully vested. Following this grant, Porter directly holds 25,000 shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,000 | $0.00 | -- |
Footnotes (1)
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Key Figures
Key Terms
2020 Stock Incentive Plan financial
contingent right financial
vesting financial
FAQ
What did LIXT director Stuart D. Porter report on this Form 4?
Stuart D. Porter reported receiving a grant of 25,000 restricted share units of LIXTE common stock. These RSUs were awarded as stock-based compensation under the 2020 Stock Incentive Plan and carry a vesting schedule tied to his continued service as a director.
What is the vesting schedule for Stuart D. Porter’s LIXT RSUs?
The 25,000 RSUs vest 25% on May 29, 2026, with an additional 25% vesting on the last day of each subsequent calendar quarter. This continues until the entire grant fully vests, subject to Porter’s continued service with LIXTE.
Under which plan were the LIXT RSUs granted to Stuart D. Porter?
The restricted share units were granted under the Lixte Biotechnology Holdings, Inc. 2020 Stock Incentive Plan. This plan is used to award equity-based compensation, aligning director incentives with shareholder interests through contingent rights to company stock.