Merck SVP granted stock options and RSUs
Merck & Co., Inc. senior vice president of finance and global controller Dalton E. Smart III received new equity awards.
Rhea-AI Filing Summary
Merck & Co., Inc. senior vice president of finance and global controller Dalton E. Smart III received new equity awards. He was granted stock options for 5,045 shares of common stock at an exercise price of $113.15 per share and 2,298 restricted stock units, both vesting in three equal annual installments beginning 5/5/2027. Each restricted stock unit represents a contingent right to receive one Merck common share. After these awards, he directly holds 9,388.315 shares of Merck common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 7,343 shares
Grant/Award
3 txns
Insider
Smart Dalton E. III
Role
SVP Fin. - Global Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,298 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 5,045 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 2,298 contracts (Direct);
Stock Option (Right to Buy) — 5,045 contracts (Direct);
Common Stock — 9,388.315 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of Merck & Co., Inc. common stock.
- F2. These restricted stock units vest and are distributed as shares of Merck & Co., Inc. common stock in three equal installments on 5/5/2027, 5/5/2028, and, 5/5/2029.
- F3. The option vests and becomes exercisable in equal installments on 5/5/2027, 5/5/2028, and, 5/5/2029.
Key Figures
Stock options granted: 5,045 options
Option exercise price: $113.15 per share
RSUs granted: 2,298 RSUs
+2 more
5 metrics
Stock options granted
5,045 options
Granted on 5/5/2026 to Dalton E. Smart III
Option exercise price
$113.15 per share
Exercise price for 5,045 stock options
RSUs granted
2,298 RSUs
Restricted stock units granted on 5/5/2026
Common shares held
9,388.315 shares
Direct Merck common stock holdings after transactions
Option expiration
5/4/2036
Expiration date for granted stock options
Key Terms
Restricted Stock Unit, Stock Option (Right to Buy), exercise price, vests and becomes exercisable, +1 more
5 terms
Restricted Stock Unit financial
"Restricted Stock Unit, transaction_type derivative, representing contingent right to shares"
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.
Stock Option (Right to Buy) financial
"security_title Stock Option (Right to Buy) with exercise price 113.1500"
exercise price financial
"conversion_or_exercise_price 113.1500 for stock option grant"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vests and becomes exercisable financial
"The option vests and becomes exercisable in equal installments on 5/5/2027, 5/5/2028, and, 5/5/2029."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Merck (MRK) executive Dalton E. Smart III receive in this Form 4 filing?
Dalton E. Smart III received equity compensation in the form of stock options and restricted stock units. He was granted 5,045 stock options and 2,298 restricted stock units, providing future rights to Merck common shares subject to vesting conditions over several years.
How many Merck (MRK) stock options were granted to Dalton E. Smart III and at what price?
He was granted 5,045 stock options with an exercise price of $113.15 per share. These options vest in three equal installments on 5/5/2027, 5/5/2028, and 5/5/2029, allowing him to buy Merck common stock at that set price once vested.
What restricted stock units (RSUs) were granted to Dalton E. Smart III by Merck (MRK)?
He received 2,298 restricted stock units, each representing a contingent right to one Merck common share. The RSUs vest and are distributed in three equal installments on 5/5/2027, 5/5/2028, and 5/5/2029, assuming applicable conditions are satisfied at those dates.
When do Dalton E. Smart III’s new Merck (MRK) equity awards begin vesting?
Both the stock options and restricted stock units begin vesting on 5/5/2027. Vesting occurs in three equal annual installments on 5/5/2027, 5/5/2028, and 5/5/2029, spreading the potential share delivery and option exercisability over a three-year period.
Are Dalton E. Smart III’s new Merck (MRK) stock options immediately exercisable?
No, the options are not immediately exercisable. They vest and become exercisable in three equal installments on 5/5/2027, 5/5/2028, and 5/5/2029. Only after each vesting date can the corresponding portion be exercised at the $113.15 per share exercise price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
