Minerva Neurosciences (NERV) CEO granted 1.69M stock options at $4.68 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Minerva Neurosciences CEO Remy Luthringer received a new stock option grant. The award covers 1,690,700 options to buy Minerva common stock at an exercise price of $4.68 per share. The option vests 25% on June 3, 2027, with the remainder vesting in equal quarterly installments over the following three years, and expires on June 2, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Luthringer Remy
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 1,690,700 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 1,690,700 shares (Direct, null)
Footnotes (1)
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Key Figures
Option grant size: 1,690,700 options
Exercise price: $4.68 per share
Post-grant option holdings: 1,690,700 options
+3 more
6 metrics
Option grant size
1,690,700 options
Employee stock option grant to CEO Remy Luthringer
Exercise price
$4.68 per share
Exercise price of employee stock option grant
Post-grant option holdings
1,690,700 options
Total options held directly after the transaction
Initial vesting date
June 3, 2027
25% of the option grant vests on this date
Vesting schedule remainder
Equal quarterly over 3 years
Remaining 75% vests quarterly after June 3, 2027
Option expiration date
June 2, 2036
Expiration of employee stock option grant
Key Terms
Employee Stock Option (right to buy), exercise price, vesting, expiration date
4 terms
Employee Stock Option (right to buy) financial
"security_title: Employee Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 4.6800"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"The option vests 25% on June 3, 2027 and then in equal quarterly installments"
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.
expiration date financial
"expiration_date: 2036-06-02T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What stock option grant did Minerva Neurosciences (NERV) CEO receive?
Minerva Neurosciences CEO Remy Luthringer received an option to buy 1,690,700 shares of common stock at an exercise price of $4.68 per share as part of his compensation package.
How do the new NERV CEO stock options vest?
The option vests 25% on June 3, 2027, then the remaining 75% vests in equal quarterly installments over the next three years, tying the CEO’s potential benefit to sustained service and long-term performance.
When do the newly granted Minerva Neurosciences CEO options expire?
The stock options granted to Minerva Neurosciences CEO Remy Luthringer expire on June 2, 2036, giving a long window during which he can choose to exercise them if the company’s share price exceeds the $4.68 exercise price.
Is the Minerva Neurosciences CEO option grant an open-market stock purchase?
No. The Form 4 shows a compensation-related grant of employee stock options with code “A,” not an open-market stock purchase. The options were awarded at an exercise price of $4.68 and vest over several years.
How many Minerva Neurosciences options does the CEO hold after this grant?
After this transaction, CEO Remy Luthringer holds 1,690,700 employee stock options directly, each exercisable for one share of Minerva Neurosciences common stock at an exercise price of $4.68, subject to the vesting schedule and expiration date.