Mirum (NASDAQ: MIRM) SVP exercises PRSUs, sells 4,732 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mirum Pharmaceuticals, Inc. senior vice president and global controller Jolanda Howe exercised performance restricted stock units into 8,658 shares of common stock, each unit representing one share. On March 16, 2026, she sold 4,732 common shares at 91.9779 per share to cover tax withholding obligations related to this vesting, and held 8,429 shares afterward. Footnotes state the performance restricted stock units vest in stages over March 15, 2025–2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,732 shares ($435,239)
Net Sell
5 txns
Insider
Howe Jolanda
Role
SVP, GLOBAL CONTROLLER
Sold
4,732 shs ($435K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,732 | $91.9779 | $435K |
| Exercise | Performance Restricted Stock Units | 2,658 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 6,000 | $0.00 | -- |
| Exercise | Common Stock | 2,658 | $0.00 | -- |
| Exercise | Common Stock | 6,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,429 shares (Direct);
Performance Restricted Stock Units — 0 shares (Direct)
Footnotes (1)
- Each performance restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. Shares sold to cover tax withholding obligations associated with the vesting of the performance restricted stock units. The shares vest as follows: 2/3 of the shares vest on March 15, 2025 and 1/3 of the shares vest on March 15, 2026. The shares vest as follows: 2/3 of the shares vest on March 15, 2026 and 1/3 of the shares vest on March 15, 2027.
FAQ
What did Mirum Pharmaceuticals (MIRM) executive Jolanda Howe report in this Form 4?
Jolanda Howe reported exercising performance restricted stock units into 8,658 Mirum Pharmaceuticals common shares and selling 4,732 shares. The sale was described as covering tax withholding obligations tied to the vesting of those performance-based equity awards.
What type of derivative securities did Jolanda Howe exercise at Mirum Pharmaceuticals (MIRM)?
She exercised performance restricted stock units at Mirum Pharmaceuticals, which are derivative awards where each unit represents a contingent right to receive one common share. The filing shows 8,658 units converting into 8,658 shares of common stock.
How do the performance restricted stock units for Mirum Pharmaceuticals (MIRM) vest for Jolanda Howe?
Footnotes state the performance restricted stock units vest in tranches. For the reported grants, two-thirds of the shares vest on March 15 of one year and one-third on March 15 of the following year, with schedules running through 2027.