Director at MeiraGTx (MGTX) receives 66,641 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MeiraGTx Holdings plc director Neil Mendoza received a grant of 66,641 restricted share units (RSUs) on June 11, 2026. Each RSU converts into one ordinary share upon settlement. The RSUs vest in a single installment on the earlier of June 11, 2027 or the day immediately prior to MeiraGTx’s 2027 annual shareholder meeting. Mendoza elected to have the RSUs become settleable when he ceases to be a director, and his reported RSU holdings after this grant total 66,641 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mendoza Neil
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 66,641 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 66,641 shares (Direct)
Footnotes (1)
- Each restricted share unit converts into one ordinary share upon settlement. The reporting person elected to have the restricted share units become settleable when the reporting person ceases to be a director. The restricted share units shall vest in a single annual installment upon the earlier of (i) June 11, 2027 or (ii) the day immediately prior to the date of the Issuer's annual meeting of shareholders in 2027.
Key Figures
RSUs granted: 66,641 units
Exercise/Conversion price: $0.00 per share
Underlying ordinary shares: 66,641 shares
+1 more
4 metrics
RSUs granted
66,641 units
Restricted share unit award to director on June 11, 2026
Exercise/Conversion price
$0.00 per share
RSUs convert into ordinary shares at no stated exercise price
Underlying ordinary shares
66,641 shares
Each RSU corresponds to one ordinary share upon settlement
Vesting date
June 11, 2027
Or the day before the 2027 annual shareholder meeting, whichever is earlier
Key Terms
Restricted Share Units, ordinary share, vest, annual meeting of shareholders
4 terms
vest financial
"The restricted share units shall vest in a single annual installment upon the earlier of June 11, 2027 or the day immediately prior to the date of the Issuer's annual meeting of shareholders in 2027."
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.
FAQ
What insider transaction did MeiraGTx (MGTX) director Neil Mendoza report?
Neil Mendoza reported receiving 66,641 restricted share units as an equity award. These RSUs are a form of stock-based compensation, not an open-market share purchase or sale, and each unit can convert into one ordinary share of MeiraGTx upon settlement.
When do Neil Mendoza’s MeiraGTx (MGTX) RSUs vest and settle?
The RSUs vest in a single annual installment on the earlier of June 11, 2027 or the day immediately before MeiraGTx’s 2027 annual shareholder meeting. Mendoza elected for the RSUs to become settleable when he ceases serving as a director of the company.
Is Neil Mendoza’s MeiraGTx (MGTX) Form 4 transaction a stock purchase or sale?
The Form 4 transaction is neither an open-market purchase nor a sale. It reflects a grant of 66,641 restricted share units as compensation, classified as an acquisition by award rather than trading activity, with vesting and settlement tied to future service and board tenure conditions.