Neurocrine CEO sees PRSU shares vest, some withheld
NBIX’s CEO received vested performance-based stock awards, with a portion of the shares withheld to cover tax obligations rather than sold in the market.
Rhea-AI Filing Summary
NEUROCRINE BIOSCIENCES INC (NBIX) reported that Chief Executive Officer and director Kyle Gano had performance-based equity awards vest on September 11, 2026, resulting in acquisitions of 6,275 and 1,842 shares of common stock at no cost upon certification of a performance metric. On the same date, 3,386 and 994 shares were withheld by the company at $156.22 per share to satisfy tax withholding obligations on the vesting of these PRSUs; the filing states that no shares were sold and no Rule 10b5-1 trading plan is reported.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 6,275 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 3,386 | $156.22 | $529K |
| Grant/Award | Common Stock F1 | 1,842 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 994 | $156.22 | $155K |
Footnotes (3)
- F1. The Reporting Person was previously granted performance restricted stock units (PRSUs) that vest upon the achievement of certain performance metrics, the achievement of one of which was certified on September 11, 2026.
- F2. Includes an aggregate of 176 shares purchased on February 27, 2026 from the Neurocrine Biosciences, Inc. 2018 Employee Stock Purchase Plan.
- F3. Shares withheld by Neurocrine Biosciences, Inc. (the "Company" or "Issuer") to satisfy tax withholding requirements on vesting of PRSUs. No shares were sold.
Key Figures
Key Terms
performance restricted stock units (PRSUs) financial
tax withholding requirements financial
Employee Stock Purchase Plan financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did NBIX CEO Kyle Gano receive in this Form 4?
Was a Rule 10b5-1 trading plan used for these NBIX transactions?
What triggers the vesting of the NBIX PRSUs reported here?
AI-generated analysis. How Rhea-AI works. Not financial advice.