NBIX director exercises 3,318 RSUs into shares
NEUROCRINE BIOSCIENCES INC director George J. Morrow exercised restricted stock units into common shares.
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Form Type
4
Rhea-AI Filing Summary
NEUROCRINE BIOSCIENCES INC director George J. Morrow exercised restricted stock units into common shares. He converted 3,318 RSUs into 3,318 shares of common stock, increasing his direct common stock holdings to 10,386 shares. The RSU award, granted on May 21, 2025, was fully vested and each unit represented one share of common stock.
Insider Trade Summary
3,318 shares exercised/converted
Exercise
2 txns
Insider
MORROW GEORGE J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,318 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,318 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 10,386 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock upon vesting.
- F2. This RSU award was granted to the Reporting Person on May 21, 2025 and is fully vested.
Key Figures
RSUs exercised: 3,318 units
Shares received: 3,318 shares
Shares held after: 10,386 shares
+2 more
5 metrics
RSUs exercised
3,318 units
Restricted Stock Units converted to common stock on May 21, 2026
Shares received
3,318 shares
Common stock received from RSU exercise
Shares held after
10,386 shares
Direct common stock holdings after transaction
Exercise price
$0.00 per share
Reported price for RSU conversion
Grant date of RSUs
May 21, 2025
RSU award grant date; award fully vested
Key Terms
Restricted Stock Unit, RSU, derivative security, Common Stock
4 terms
Restricted Stock Unit financial
"This RSU award was granted to the Reporting Person on May 21, 2025 and is fully vested."
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 of the Issuer's common stock upon vesting."
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Common Stock financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock upon vesting."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NBIX director George J. Morrow report?
George J. Morrow reported exercising 3,318 restricted stock units into common stock. This derivative exercise increased his direct holdings to 10,386 NBIX common shares and reflects the settlement of a fully vested equity award granted in May 2025.
What were the terms of the NBIX restricted stock units exercised by Morrow?
Each restricted stock unit represented the right to receive one share of NBIX common stock upon vesting. The RSU award was granted on May 21, 2025 and was fully vested when Morrow exercised 3,318 units into common shares.
Does George J. Morrow still hold any NBIX restricted stock units after this transaction?
After exercising 3,318 restricted stock units into common stock, the reported balance of that RSU award is zero. The derivative position shown in this filing has been fully converted into NEUROCRINE BIOSCIENCES INC common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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