Director Debra Yu awarded 60,000 MeiraGTx (MGTX) restricted share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MeiraGTx Holdings plc director Debra Yu received a grant of 60,000 restricted share units (RSUs). These RSUs were awarded as a stock-based compensation grant and each unit will convert into one ordinary share when settled.
The RSUs are scheduled to vest in a single installment on the earlier of June 11, 2027, or the day immediately before MeiraGTx’s 2027 annual shareholder meeting. The reporting person has elected that the RSUs become settleable when she ceases to be a director, so actual share delivery will occur at that time. Following this grant, she holds 60,000 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Yu Debra
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 60,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 60,000 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: 60,000 units
Underlying shares: 60,000 ordinary shares
Vesting date trigger: June 11, 2027
+2 more
5 metrics
RSUs granted
60,000 units
Restricted share units awarded to director Debra Yu
Underlying shares
60,000 ordinary shares
Each RSU converts into one ordinary share upon settlement
Vesting date trigger
June 11, 2027
Single installment vesting or earlier day before 2027 annual meeting
Post-transaction RSU holdings
60,000 units
Total restricted share units held directly after the grant
Grant price per unit
$0.00
Equity award granted with no cash exercise price
Key Terms
Restricted Share Units, ordinary share, vest, grant, award, or other acquisition
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..."
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.
grant, award, or other acquisition financial
"Transaction code description: Grant, award, or other acquisition."
FAQ
What insider transaction did MeiraGTx (MGTX) report for director Debra Yu?
MeiraGTx reported that director Debra Yu received a grant of 60,000 restricted share units. These RSUs were awarded as equity compensation and each unit will convert into one ordinary share upon settlement according to the terms described in the filing.
How many MeiraGTx (MGTX) RSUs did Debra Yu acquire and what do they represent?
Debra Yu acquired 60,000 restricted share units, each representing the right to receive one ordinary share. These units are derivative securities that convert into ordinary shares upon settlement, providing stock-based compensation instead of cash for her board service.
What are Debra Yu’s MeiraGTx (MGTX) holdings after this Form 4 transaction?
After this transaction, Debra Yu holds 60,000 restricted share units directly, according to the filing. These RSUs are derivative awards that will convert into ordinary shares upon settlement, so they represent potential future share ownership rather than currently issued shares.
Is Debra Yu’s MeiraGTx (MGTX) RSU grant an open-market purchase or sale?
The transaction is coded as a grant or award acquisition, not an open-market trade. This means the 60,000 restricted share units were issued by MeiraGTx as compensation, with no purchase price or sale proceeds involved in public market trading.