MeiraGTx (NASDAQ: MGTX) awards 980,000 RSUs to its CFO & COO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Giroux Richard reported acquisition or exercise transactions in this Form 4 filing.
MeiraGTx Holdings plc granted its CFO & COO, Richard Giroux, 980,000 restricted share units. Each unit represents the right to receive one ordinary share for no cash payment when it vests.
According to the award terms, 50% of the RSUs vest on the second anniversary of the grant date, with 25% vesting on each of the third and fourth anniversaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Giroux Richard
Role
CFO & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 980,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 980,000 shares (Direct, null)
Footnotes (1)
- Each restricted share unit converts into one ordinary share upon vesting. Fifty percent of the restricted share unit award will vest on the second anniversary of the grant date and twenty-five percent of the restricted share unit award will vest on each of the third and fourth anniversaries of the grant date.
Key Figures
RSUs granted: 980,000 units
Grant price per RSU: $0.00
Underlying ordinary shares: 980,000 shares
+4 more
7 metrics
RSUs granted
980,000 units
Restricted share units granted to CFO & COO on 2026-06-25
Grant price per RSU
$0.00
Stated transaction price per restricted share unit
Underlying ordinary shares
980,000 shares
Each RSU converts into one ordinary share upon vesting
Post-transaction RSU holdings
980,000 units
Total restricted share units held directly after the grant
Vesting at 2nd anniversary
50% of award
Portion of RSUs vesting on second anniversary of grant date
Vesting at 3rd anniversary
25% of award
Portion of RSUs vesting on third anniversary of grant date
Vesting at 4th anniversary
25% of award
Portion of RSUs vesting on fourth anniversary of grant date
Key Terms
Restricted Share Units, ordinary share, vest, anniversary of the grant date
4 terms
vest financial
"Fifty percent of the restricted share unit award will vest on the second anniversary of the grant date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
anniversary of the grant date financial
"Twenty-five percent of the award will vest on each of the third and fourth anniversaries of the grant date."
FAQ
What insider transaction did MeiraGTx (MGTX) report for Richard Giroux?
MeiraGTx reported a grant of 980,000 restricted share units to CFO & COO Richard Giroux. These RSUs are a stock-based compensation award that can convert into ordinary shares over time as they vest, with no cash purchase required.
How many MeiraGTx (MGTX) RSUs were granted and at what price?
Richard Giroux received 980,000 restricted share units at a stated price of $0.00 per unit. This reflects a typical equity compensation grant, where value comes from future share delivery rather than an upfront cash payment by the executive.
What is the vesting schedule for Richard Giroux’s MeiraGTx (MGTX) RSU award?
The RSU award vests over four years: 50% on the second anniversary of the grant date, then 25% on the third anniversary and 25% on the fourth. This structure encourages longer-term retention and alignment with shareholder interests.
How many MeiraGTx (MGTX) RSUs does Richard Giroux hold after this grant?
Following this transaction, Richard Giroux holds 980,000 restricted share units directly. These units represent potential ordinary shares that will be delivered over time, subject to the specified vesting schedule and any applicable service conditions.