MannKind (MNKD) director granted 99,337 RSUs in lieu of cash retainer
Rhea-AI Filing Summary
Shannon James Samuel reported acquisition or exercise transactions in this Form 4 filing.
MannKind Corporation director James Samuel Shannon reported new equity awards and updated his share holdings. The filing shows he holds 36,458 shares of MannKind common stock directly. He also received two grants of restricted stock units (RSUs) tied to MannKind common stock.
One RSU grant covers 16,556 units that vested on May 20, 2026, but the underlying shares will only be delivered after he separates from service on MannKind’s board. A second grant of 82,781 RSUs was awarded in lieu of an annual cash retainer for non‑employee directors and vests immediately, with share delivery also deferred until board service ends. Each RSU represents the right to receive one share of MannKind common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Shannon James Samuel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 82,781 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit | 16,556 | $0.00 | $0.00 |
| holding | Common Stock $0.01 Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 99,337 shares (Direct);
Common Stock $0.01 Par Value — 36,458 shares (Direct)
Footnotes (4)
- F1. 28,177 shares representing stock options were inadvertently included in Table I holdings on prior filings.
- F2. Each restricted stock unit represents a contingent right to receive one share of MNKD common stock.
- F3. Restricted stock unit vested on May 20, 2026, but the shares will not be delivered until there is a separation of service from the board of directors of MannKind Corporation.
- F4. Award granted in lieu of annual cash retainer payment for non-employee directors. Restricted stock unit shall vest immediately, but the shares shall not be delivered until there is a separation of service from the board of directors of MannKind Corporation.
Key Figures
Common shares held: 36,458 shares
RSU grant 1: 16,556 units
RSU grant 2: 82,781 units
+3 more
6 metrics
Common shares held
36,458 shares
Direct MannKind common stock holdings reported
RSU grant 1
16,556 units
Restricted stock units vested on May 20, 2026
RSU grant 2
82,781 units
Restricted stock units granted in lieu of annual cash retainer
Total RSU awards
99,337 units
Sum of reported restricted stock unit grants
Prior options misclassified
28,177 shares
Stock options previously included in Table I holdings by mistake
Acquire transactions
2 transactions
RSU grant/award acquisitions in this Form 4
Key Terms
Restricted Stock Unit, contingent right, annual cash retainer, separation of service, +1 more
5 terms
Restricted Stock Unit financial
"The filing reports two transactions labeled as “Restricted Stock Unit” tied to MannKind common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of MNKD common stock."
annual cash retainer financial
"Award granted in lieu of annual cash retainer payment for non-employee directors."
separation of service financial
"Shares will not be delivered until there is a separation of service from the board of directors."
non-employee directors financial
"Award granted in lieu of annual cash retainer payment for non-employee directors."
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did MannKind (MNKD) director James Samuel Shannon report?
James Samuel Shannon reported equity awards and updated holdings. He holds 36,458 MannKind common shares and received two restricted stock unit grants totaling 99,337 units that convert into common stock, with delivery deferred until his service on the board ends.
How many MannKind (MNKD) restricted stock units did James Samuel Shannon receive?
He received 16,556 restricted stock units in one grant and 82,781 units in another, totaling 99,337. Each unit represents a right to receive one MNKD common share, subject to vesting and deferred delivery conditions described in the disclosure.
What are the vesting terms of James Samuel Shannon’s MannKind (MNKD) RSU awards?
One RSU award of 16,556 units vested on May 20, 2026, while an 82,781‑unit award vests immediately. For both grants, MannKind will not deliver the underlying common shares until Shannon experiences a separation of service from the company’s board.
Why did MannKind (MNKD) grant 82,781 RSUs to director James Samuel Shannon?
The 82,781 restricted stock units were granted instead of MannKind’s annual cash retainer for non‑employee directors. The award vests immediately, but the underlying common shares will only be delivered once Shannon is no longer serving on MannKind’s board of directors.
What does each MannKind (MNKD) restricted stock unit represent in this filing?
Each restricted stock unit in Shannon’s awards represents a contingent right to receive one share of MannKind common stock. The actual shares are issued only after vesting and, in this case, upon his separation of service from the MannKind board.
Did the MannKind (MNKD) filing mention any corrections to prior director holdings?
Yes. The disclosure notes that 28,177 shares representing stock options had been inadvertently included in Table I holdings in prior filings. This clarification helps distinguish between option positions and actual MannKind common stock holdings previously reported.