Myriad Genetics (MYGN) CTO Raj Jampa receives 251,889 restricted stock units
Rhea-AI Filing Summary
Jampa Raj reported acquisition or exercise transactions in this Form 4 filing.
MYRIAD GENETICS INC Chief Technology Officer Raj Jampa received an equity grant of 251,889 restricted stock units. The award has no cash purchase price and represents a contingent right to receive an equal number of common shares. According to the terms, the units vest in four equal annual installments beginning on the first anniversary of the grant date, aligning the CTO’s compensation with long-term company performance.
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Insights
Routine CTO RSU grant aligns pay with multi‑year performance.
The filing shows Chief Technology Officer Raj Jampa receiving 251,889 time-based restricted stock units under Myriad Genetics’ 2017 equity incentive plan. There is no purchase price; this is a compensation award rather than an open-market transaction.
The RSUs vest in four equal annual installments starting one year after the grant. This structure encourages the executive to remain with the company and focus on long-term value, but it does not itself indicate any change in the company’s outlook.
Because there are no derivative positions disclosed in this filing and the entire position reflects this grant, the event appears to be a standard refresh or initial equity grant. Its significance for shareholders depends on overall share count and compensation practices, which are not detailed here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 251,889 | $0.00 | $0.00 |
Footnotes (1)
- F1. Consists of time-based restricted stock units granted pursuant to the Issuer's 2017 Employee, Director and Consultant Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock and vests in four equal annual installments beginning on the first anniversary of the grant date.
Key Figures
Key Terms
restricted stock units financial
Equity Incentive Plan financial
vests in four equal annual installments financial
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