Natera (NTRA) director granted RSUs instead of cash board fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marcus Gail Boxer reported acquisition or exercise transactions in this Form 4 filing.
Natera, Inc. director Marcus Gail Boxer reported two stock-based compensation awards in the form of restricted stock units (RSUs). He received 98 RSUs that vest in full on June 11, 2027, and these RSUs will become fully vested if Natera undergoes a change in control before that date.
He also received 1,571 RSUs in lieu of $21,875 in quarterly cash retainer fees for serving on the board. These RSUs were fully vested when issued. Each RSU represents a right to receive one share of Natera common stock, so these are non-cash equity grants rather than open-market share purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Marcus Gail Boxer
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,571 | $0.00 | -- |
| Grant/Award | Common Stock | 98 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,754 shares (Direct, null)
Footnotes (1)
- Represents the issuance of restricted stock units (RSUs) that shall vest in full on June 11, 2027. The RSUs will become fully vested in the event that the Issuer is subject to a change in control. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. Represents the issuance of RSUs to the Reporting Person in lieu of quarterly retainer fees of $21,875 for service on the Issuer's Board of Directors. The RSUs were fully vested at the time of issuance.
Key Figures
Time-vested RSUs: 98 RSUs
Retainer RSUs: 1,571 RSUs
Cash retainer replaced: $21,875
+1 more
4 metrics
Time-vested RSUs
98 RSUs
Vest in full on June 11, 2027
Retainer RSUs
1,571 RSUs
Issued in lieu of quarterly board retainer
Cash retainer replaced
$21,875
Quarterly board fees paid in RSUs
RSU-to-share ratio
1 RSU = 1 share
Each RSU delivers one Natera common share
Key Terms
restricted stock units (RSUs), change in control, quarterly retainer fees, contingent right
4 terms
restricted stock units (RSUs) financial
"Represents the issuance of restricted stock units (RSUs) that shall vest in full on June 11, 2027."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
change in control financial
"The RSUs will become fully vested in the event that the Issuer is subject to a change in control."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
quarterly retainer fees financial
"Represents the issuance of RSUs to the Reporting Person in lieu of quarterly retainer fees of $21,875 for service on the Issuer's Board of Directors."
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Common Stock."
FAQ
What did Natera (NTRA) director Marcus Gail Boxer receive in this Form 4 filing?
Marcus Gail Boxer received two equity awards in restricted stock units. One grant is 98 RSUs with future vesting, and another is 1,571 RSUs issued instead of a cash retainer, reflecting stock-based compensation for his board service.
How many restricted stock units were granted to the Natera (NTRA) director and on what terms?
He was granted 98 RSUs that vest in full on June 11, 2027, and 1,571 RSUs issued in lieu of a $21,875 quarterly board retainer. The 1,571 RSUs were fully vested at issuance as part of his director compensation.
What does each RSU represent in the Natera (NTRA) director’s Form 4?
Each RSU represents a contingent right to receive one share of Natera common stock. This means the awards are stock-based compensation, delivering actual shares when vested instead of cash payments for the director’s board service.
What are the vesting conditions for Marcus Gail Boxer’s Natera (NTRA) RSUs?
The 98 RSUs vest in full on June 11, 2027, and will also fully vest if Natera experiences a change in control. The 1,571 RSUs granted in lieu of a $21,875 retainer were fully vested immediately upon issuance, providing instant ownership rights.