Novavax (NVAX) EVP Elaine O'Hara receives major RSU and option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Novavax EVP and Chief Strategy Officer Elaine O'Hara reported a series of equity-related transactions. She received a grant of 118,000 Restricted Stock Units (RSUs) and a stock option for 177,500 shares at an exercise price of $9.09 per share, both vesting over multi‑year periods subject to continued employment under the company’s stock incentive plan.
On the same dates, previously granted RSUs for 19,600 and 40,000 units were exercised into common stock. To satisfy tax withholding obligations tied to these vestings, 5,375 and 10,969 shares of common stock were disposed of at $10.14 per share, with the remaining shares held directly by O'Hara.
Positive
- None.
Negative
- None.
Insider Trade Summary
59,600 shares exercised/converted
Mixed
8 txns
Insider
O'Hara Elaine
Role
EVP, Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 118,000 | $0.00 | -- |
| Grant/Award | 2026 Non-statutory Stock Option NQ | 177,500 | $9.09 | $1.61M |
| Exercise | Restricted Stock Units | 19,600 | $0.00 | -- |
| Exercise | Restricted Stock Units | 40,000 | $0.00 | -- |
| Exercise | Common Stock | 19,600 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,375 | $10.14 | $55K |
| Exercise | Common Stock | 40,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,969 | $10.14 | $111K |
Holdings After Transaction:
Restricted Stock Units — 118,000 shares (Direct);
2026 Non-statutory Stock Option NQ — 177,500 shares (Direct);
Common Stock — 77,081 shares (Direct)
Footnotes (1)
- Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting. One-third (1/3) of the RSUs subject to this grant under the Novavax, Inc. Amended and Restated 2015 Stock Incentive Plan, as amended, (the "Plan") vest on each of the first three (3) anniversaries of March 1, 2023, in each case subject to continued employment through such vesting date. One-third (1/3) of the RSUs subject to this grant under the Plan vest on each of the first three (3) anniversaries of March 1, 2024, in each case subject to continued employment through such vesting date. One-third (1/3) of the RSUs subject to this grant under the Plan vest on each of the first three (3) anniversaries of March 2, 2026, in each case subject to continued employment through such vesting date. One-quarter (1/4) of the shares subject to this option granted under the Plan vest on the first anniversary of March 2, 2026, and the remaining three-quarters (3/4) of the shares vest in equal monthly installments over the following three (3) years, in each case subject to continued employment with the Company through such vesting date.
FAQ
What equity awards did Novavax (NVAX) grant to Elaine O'Hara?
Elaine O'Hara received a grant of 118,000 Restricted Stock Units and a non‑statutory stock option for 177,500 shares at an exercise price of $9.09, both under Novavax’s stock incentive plan with multi‑year vesting tied to continued employment.
How do the new RSUs for Novavax (NVAX) executive Elaine O'Hara vest?
The new RSUs vest in three equal annual installments starting on March 2, 2026, with one‑third vesting each year. Vesting is conditioned on Elaine O'Hara’s continued employment with Novavax on each scheduled vesting date under the company’s stock incentive plan.
What is the vesting schedule for Elaine O'Hara's new Novavax stock option?
One‑quarter of the 177,500‑share option vests on the first anniversary of March 2, 2026. The remaining three‑quarters vest in equal monthly installments over the following three years, contingent on her continued employment with Novavax throughout the vesting period.
What derivative exercises did Elaine O'Hara report for Novavax (NVAX)?
Elaine O'Hara reported exercises of 19,600 and 40,000 Restricted Stock Units into common stock. These transactions, coded M, converted previously granted RSUs into shares as they vested, increasing her direct common stock holdings before tax‑withholding share dispositions.