MeiraGTx (MGTX) director converts 75,000 RSUs, boosting holdings to 200,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MeiraGTx Holdings plc director Harris Keith R. exercised equity awards to acquire additional stock. He converted 75,000 restricted share units into 75,000 ordinary shares through an exercise or conversion of a derivative security, with no reported purchase price.
Following this transaction, his direct holdings in ordinary shares increased to 200,000 shares. The related derivative position in these 75,000 restricted share units is now shown as fully converted, reflecting a routine compensation-related equity settlement rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
75,000 shares exercised/converted
Mixed
2 txns
Insider
Harris Keith R.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 75,000 | $0.00 | -- |
| Exercise | Ordinary Shares | 75,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 0 shares (Direct, null);
Ordinary Shares — 200,000 shares (Direct, null)
Footnotes (1)
- Each restricted share unit converts into one ordinary share upon vesting. The restricted share units vest in a single annual installment upon the earlier of (i) June 12, 2026 or (ii) the day immediately prior to the date of the Issuer's annual meeting of shareholders in 2026.
Key Figures
RSUs exercised: 75,000 units
Ordinary shares acquired: 75,000 shares
Shares held after: 200,000 shares
+1 more
4 metrics
RSUs exercised
75,000 units
Restricted share units converted into ordinary shares
Ordinary shares acquired
75,000 shares
Shares received from RSU conversion
Shares held after
200,000 shares
Total direct ordinary shares following transaction
RSU conversion price
$0.00 per unit
Reported transaction price and exercise price
Key Terms
Restricted Share Units, Exercise or conversion of derivative security, Ordinary Shares, derivative security
4 terms
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
derivative security financial
"transaction_action: derivative exercise/conversion"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did MeiraGTx (MGTX) director Harris Keith R. do in this Form 4?
He exercised equity awards to acquire 75,000 ordinary shares. These came from converting 75,000 restricted share units, increasing his direct ordinary share holdings to 200,000 shares, with no open-market buying or selling reported in this filing.
What derivative security did Harris Keith R. exercise in MeiraGTx (MGTX)?
He exercised 75,000 restricted share units that each convert into one ordinary share upon vesting. After this conversion, the filing shows zero restricted share units remaining from this specific award and 75,000 additional ordinary shares held.
How is the MeiraGTx (MGTX) RSU award for Harris Keith R. structured?
Each restricted share unit converts into one ordinary share upon vesting. The footnotes state these RSUs vest in a single annual installment tied to a 2026 date or the day before the 2026 annual shareholder meeting, whichever occurs first.