MeiraGTx (MGTX) CDO awarded 100,000 RSUs and 100,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MeiraGTx Holdings plc chief development officer Penny Renee Fleck reported compensation-related equity grants. She received 100,000 restricted share units, each convertible into one ordinary share upon vesting, and a stock option for 100,000 ordinary shares at an exercise price of $9.97 per share, vesting over several years with final option expiration on May 1, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Fleck Penny Renee
Role
CHIEF DEVELOPMENT OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 100,000 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 100,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 100,000 shares (Direct, null);
Restricted Share Units — 100,000 shares (Direct, null)
Footnotes (1)
- The option vests as to one quarter of the total grant on May 1, 2027 and vests as to the remainder in 36 equal monthly installments thereafter. Each restricted share unit converts into one ordinary share upon vesting. Fifty percent of the restricted share unit award will vest on May 1, 2028, and twenty-five percent of the restricted share unit award will vest on each of May 1, 2029 and May 1, 2030.
Key Figures
RSU grant size: 100,000 units
Stock option grant: 100,000 options
Option exercise price: $9.97 per share
+5 more
8 metrics
RSU grant size
100,000 units
Restricted share units granted on May 13, 2026
Stock option grant
100,000 options
Right to buy ordinary shares granted on May 13, 2026
Option exercise price
<money>$9.97</money> per share
Conversion/exercise price for stock option grant
Option expiration
<date>May 1, 2036</date>
Expiration date of stock option grant
RSU vesting 2028
50% of 100,000 units
RSUs vest on May 1, 2028
RSU vesting 2029
25% of 100,000 units
RSUs vest on May 1, 2029
RSU vesting 2030
25% of 100,000 units
RSUs vest on May 1, 2030
Initial option vesting
25% of options
Vests on May 1, 2027; remainder monthly over 36 months
Key Terms
Restricted Share Units, Stock Option (Right to Buy), vesting, Ordinary Shares
4 terms
Stock Option (Right to Buy) financial
"a stock option for 100,000 ordinary shares at an exercise price of $9.97 per share"
vesting financial
"The option vests as to one quarter of the total grant on May 1, 2027 and vests as to the remainder in 36 equal monthly installments thereafter"
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.
FAQ
What equity awards did MeiraGTx (MGTX) grant to Penny Renee Fleck?
MeiraGTx granted Penny Renee Fleck 100,000 restricted share units and a stock option for 100,000 ordinary shares. These awards are part of her compensation and provide potential future ownership if vesting and, for options, exercise conditions are met.
What is the exercise price and term of Penny Renee Fleck’s MeiraGTx stock options?
The stock option grant covers 100,000 ordinary shares at an exercise price of $9.97 per share. The option expires on May 1, 2036, giving a long window for potential exercise if vesting and other conditions are satisfied.
What is the vesting schedule for Penny Renee Fleck’s MeiraGTx stock options?
One quarter of the stock option grant vests on May 1, 2027. The remaining three quarters vest in 36 equal monthly installments thereafter, aligning the award with ongoing service and performance over several years at MeiraGTx.