Neurocrine Biosciences (NBIX) CEO logs RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neurocrine Biosciences Chief Executive Officer Kyle Gano reported routine equity compensation activity. On January 31, 2026, 2,927 restricted stock units vested and were converted into an equal number of common shares at an exercise price of $0, reflecting previously granted stock awards.
On the same date, 1,580 common shares were withheld by Neurocrine Biosciences at a price of $136.06 per share to cover tax withholding obligations related to this vesting, and the filing states that no shares were sold. Following these transactions, Gano directly owned 141,754 shares of Neurocrine Biosciences common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,927 shares exercised/converted
Mixed
3 txns
Insider
Gano Kyle
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,927 | $0.00 | -- |
| Exercise | Common Stock | 2,927 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,580 | $136.06 | $215K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 143,334 shares (Direct)
Footnotes (1)
- Shares withheld by Neurocrine Biosciences, Inc. (the "Company" or "Issuer") to satisfy tax withholding requirements on vesting of restricted stock units ("RSUs"). No shares were sold. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. This RSU was granted to the Reporting Person on January 31, 2022. In accordance with the terms of the RSU, the award vested as to 2,926 shares on January 31, 2023, vested as to 2,926 shares on January 31, 2024, vested as to 2,927 shares on January 31, 2025, and vested as to 2,927 shares on January 31, 2026, subject to the terms and conditions of the award.
FAQ
What insider transactions did NBIX CEO Kyle Gano report on January 31, 2026?
Kyle Gano reported the vesting of 2,927 restricted stock units into common stock at an exercise price of $0. These units were part of a prior award that vested over four years according to its original terms and conditions.
What is the vesting schedule of the RSU grant reported by NBIX CEO Kyle Gano?
The RSU grant was made on January 31, 2022 and vested in four annual installments: 2,926 shares on January 31, 2023 and 2024, and 2,927 shares on January 31, 2025 and 2026, subject to the award’s terms and conditions.
How are restricted stock units (RSUs) described in this NBIX Form 4 filing?
Each restricted stock unit is described as a contingent right to receive one share of Neurocrine Biosciences common stock. RSUs convert into shares upon vesting, consistent with the terms defined in the award agreement.