MeiraGTx (MGTX) awards 70,000 Restricted Share Units to key executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Naylor Stuart reported acquisition or exercise transactions in this Form 4 filing.
MeiraGTx Holdings plc reported that Chief Scientific Officer of Ophthalmology Stuart Naylor received a grant of 70,000 Restricted Share Units. Each RSU represents the right to receive one ordinary share upon vesting. Half of the award vests on the second anniversary of the grant, 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
Naylor Stuart
Role
CHIEF SCI OFCR, OPHTHALMOLOGY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 70,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 70,000 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: 70,000 units
RSUs post-transaction: 70,000 units
Vesting on 2nd anniversary: 50% of award
+3 more
6 metrics
RSUs granted
70,000 units
Restricted Share Units granted to CSO of Ophthalmology
RSUs post-transaction
70,000 units
Total Restricted Share Units held after grant
Vesting on 2nd anniversary
50% of award
First vesting tranche of RSU grant
Vesting on 3rd anniversary
25% of award
Second vesting tranche of RSU grant
Vesting on 4th anniversary
25% of award
Final vesting tranche of RSU grant
RSU grant price
$0.0000 per unit
Stated transaction price for RSU grant
Key Terms
Restricted Share Units, ordinary share, vesting, grant date
4 terms
vesting financial
"Fifty percent of the restricted share unit award will vest on the second anniversary of the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant date financial
"Fifty percent of the restricted share unit award will vest on the second anniversary of the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
What insider transaction did MeiraGTx (MGTX) disclose for Stuart Naylor?
MeiraGTx disclosed that Chief Scientific Officer of Ophthalmology Stuart Naylor received a grant of 70,000 Restricted Share Units. These RSUs were awarded at no purchase price and convert into ordinary shares as they vest over a multi-year schedule tied to the grant date.
What is the vesting schedule for the MeiraGTx (MGTX) RSU grant?
Fifty percent of the 70,000-unit RSU award vests on the second anniversary of the grant date. The remaining units vest in two equal tranches of 25% each, on the third and fourth anniversaries, creating a four-year, back-weighted vesting structure for the award.
What does each MeiraGTx (MGTX) RSU convert into upon vesting?
Each Restricted Share Unit converts into one ordinary share of MeiraGTx upon vesting. This means the 70,000 RSUs, if fully vested, would result in 70,000 ordinary shares being issued to the executive in accordance with the vesting schedule described in the filing footnotes.