MeiraGTx (MGTX) director receives 69,662 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SHENK THOMAS E reported acquisition or exercise transactions in this Form 4 filing.
MeiraGTx Holdings plc director Thomas E. Shenk received a grant of 69,662 restricted share units. Each unit represents the right to receive one ordinary share upon settlement. The filing shows he now holds 69,662 restricted share units directly after this award.
The units will vest in a single annual installment on the earlier of June 11, 2027 or the day immediately prior to MeiraGTx’s 2027 annual meeting of shareholders. The reporting person elected to have the restricted share units become settleable when he ceases to be a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SHENK THOMAS E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 69,662 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 69,662 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: 69,662 units
RSUs held after grant: 69,662 units
Vesting date: June 11, 2027
+1 more
4 metrics
RSUs granted
69,662 units
Restricted share units awarded to director Thomas E. Shenk
RSUs held after grant
69,662 units
Total restricted share units directly held following transaction
Vesting date
June 11, 2027
Single annual installment vests on earlier of this date or day before 2027 AGM
Conversion ratio
1 RSU : 1 share
Each restricted share unit converts into one ordinary share upon settlement
Key Terms
Restricted Share Units, vest in a single annual installment, ordinary share, annual meeting of shareholders
4 terms
vest in a single annual installment financial
"The restricted share units shall vest in a single annual installment upon the earlier of (i) June 11, 2027..."
FAQ
What insider transaction did MeiraGTx (MGTX) director Thomas E. Shenk report?
Thomas E. Shenk reported receiving 69,662 restricted share units as equity compensation. These units are a form of stock-based award that can later convert into ordinary shares, aligning the director’s interests with MeiraGTx shareholders over time.
Does this MeiraGTx Form 4 show a stock purchase or sale by the director?
No open-market purchase or sale is reported; the filing shows a grant of restricted share units with a zero-dollar price per unit. This represents equity compensation rather than a discretionary buy or sell transaction in MeiraGTx’s ordinary shares.