MeiraGTx (MGTX) General Counsel granted 100,000 restricted share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MeiraGTx Holdings plc reported that its General Counsel and Secretary, Robert J. Wollin, received a grant of 100,000 restricted share units. Each restricted share unit converts into one ordinary share upon vesting. Half the award vests 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
Wollin Robert J
Role
GENERAL COUNSEL AND SECRETARY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 100,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 100,000 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: 100,000 units
RSUs to ordinary shares: 1:1
Post-grant RSU holdings: 100,000 units
+2 more
5 metrics
RSUs granted
100,000 units
Restricted share unit award to General Counsel
RSUs to ordinary shares
1:1
Each restricted share unit converts into one ordinary share upon vesting
Post-grant RSU holdings
100,000 units
Total restricted share units following the transaction
Vesting schedule
50% / 25% / 25%
Second, third and fourth anniversaries of the grant date
Grant price
$0.0000 per unit
Equity compensation award, not a market purchase
Key Terms
Restricted Share Units, ordinary share, vesting, equity compensation
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.
equity compensation financial
"These RSUs were granted as a compensation award and are not an open-market share purchase or sale."
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
FAQ
What insider transaction did MeiraGTx (MGTX) report for Robert J. Wollin?
MeiraGTx reported that General Counsel and Secretary Robert J. Wollin received 100,000 restricted share units. These RSUs were granted as a compensation award and are not an open-market share purchase or sale, but they increase his potential future ordinary share ownership.
What is the vesting schedule of Robert J. Wollin’s MeiraGTx (MGTX) RSU grant?
The 100,000 restricted share units vest over four years. Fifty percent vests on the second anniversary of the grant date, while 25 percent vests on each of the third and fourth anniversaries, creating a long-term retention and incentive structure tied to future service.
Was the MeiraGTx (MGTX) insider transaction a market purchase or sale?
No. The filing shows a grant of restricted share units coded as an acquisition award, not a market trade. The transaction price per unit is listed as 0.0000, reflecting that this is equity compensation rather than an open-market buy or sell.