Neurocrine (NASDAQ: NBIX) awards director 2,567 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RASTETTER WILLIAM H reported acquisition or exercise transactions in this Form 4 filing.
Neurocrine Biosciences director William H. Rastetter received a grant of 2,567 Restricted Stock Units (RSUs). Each RSU represents one share of Neurocrine’s common stock when it vests. The award was made at no cash cost per unit and is held as a direct derivative position.
The RSUs will vest in full on May 27, 2027, meaning Rastetter will receive 2,567 common shares on that date if vesting conditions are satisfied. Following this grant, his reported derivative holdings from this award total 2,567 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RASTETTER WILLIAM H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restriced Stock Unit | 2,567 | $0.00 | -- |
Holdings After Transaction:
Restriced Stock Unit — 2,567 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock upon vesting. The RSUs will vest in full on May 27, 2027.
Key Figures
RSUs granted: 2,567 units
RSU grant price: $0.0000 per unit
Underlying common shares: 2,567 shares
+1 more
4 metrics
RSUs granted
2,567 units
Restricted Stock Unit award to director on May 27, 2026
RSU grant price
$0.0000 per unit
Equity compensation grant, no cash exercise cost
Underlying common shares
2,567 shares
Each RSU converts into one common share upon vesting
RSU vesting date
May 27, 2027
All granted RSUs vest in full on this date
Key Terms
Restricted Stock Unit, RSU, Common Stock, vesting
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share..."
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.
RSU financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share..."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
Common Stock financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock..."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vesting financial
"The RSUs will vest in full on May 27, 2027."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Neurocrine Biosciences (NBIX) disclose in this Form 4 filing?
Neurocrine Biosciences reported a grant of 2,567 Restricted Stock Units to director William H. Rastetter. These RSUs are a stock-based compensation award and will convert into common shares when they fully vest on May 27, 2027, subject to applicable conditions.
How many Neurocrine (NBIX) RSUs were granted to William H. Rastetter?
The filing shows William H. Rastetter was granted 2,567 Restricted Stock Units. Each RSU represents the right to receive one share of Neurocrine’s common stock upon vesting, providing additional equity-based compensation tied directly to the company’s future share performance.
When do the granted RSUs for Neurocrine (NBIX) director Rastetter vest?
The RSUs granted to William H. Rastetter will vest in full on May 27, 2027. On that vesting date, each of the 2,567 Restricted Stock Units is scheduled to convert into one share of Neurocrine Biosciences common stock, assuming vesting requirements are met.
Does William H. Rastetter pay a price for these Neurocrine (NBIX) RSUs?
The RSUs were granted at a stated price of $0.0000 per unit, indicating no cash exercise cost. Instead, they are a form of equity compensation that converts into 2,567 common shares upon vesting, aligning director interests with long-term shareholder value.