MeiraGTx (MGTX) awards director 60,000 restricted share units
Rhea-AI Filing Summary
MeiraGTx Holdings plc director Ellen Hukkelhoven received a grant of 60,000 Restricted Share Units (RSUs). These RSUs were awarded as a compensation-related grant with no cash price per unit and are reported as a derivative security linked to the company’s ordinary shares.
Each RSU converts into one ordinary share upon settlement. According to the terms, the RSUs will 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 elected to have the RSUs become settleable when she ceases to be a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hukkelhoven Ellen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 60,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Units — 60,000 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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
RSUs post-transaction: 60,000 units
Grant price: $0.00 per unit
+2 more
5 metrics
RSUs granted
60,000 units
Restricted Share Units granted to director on June 11, 2026
RSUs post-transaction
60,000 units
Total Restricted Share Units held after the grant
Grant price
$0.00 per unit
Stated transaction price per Restricted Share Unit
Underlying ordinary shares
60,000 shares
Ordinary shares underlying the RSU grant
Vesting date trigger
June 11, 2027
Earlier of this date or day before 2027 annual meeting
Key Terms
Restricted Share Units, vest, settlement, annual meeting of shareholders
4 terms
vest financial
"The restricted share units shall vest in a single annual installment"
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.
settlement financial
"converts into one ordinary share upon settlement"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
AI-generated analysis. How Rhea-AI works. Not financial advice.