Equity grants boost Novavax (NVAX) director Gregg H. Alton’s holdings
Rhea-AI Filing Summary
Novavax director Gregg H. Alton reported equity compensation activity and an RSU vesting that increased his direct common stock holdings. On June 18, 2026, he received grants of 21,270 stock options with a $9.13 exercise price and 14,180 restricted stock units, each unit representing one share of common stock.
The footnotes state that 100% of these awards will vest on the first anniversary of the June 18, 2026 grant date, subject to continued board service. On June 20, 2026, 18,880 RSUs from a prior grant vested and were converted into the same number of common shares, bringing his direct holdings to 47,685 shares. All transactions are compensation-related grants and exercises, not open‑market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,880 shares exercised/converted
Mixed
4 txns
Insider
Alton Gregg H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 18,880 | $0.00 | -- |
| Exercise | Common Stock | 18,880 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 21,270 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 14,180 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 47,685 shares (Direct);
Stock Option (Right to Buy) — 21,270 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Novavax, Inc. (the "Company") common stock. One hundred percent (100%) of the shares subject to this option grant under the Amended and Restated 2015 Stock Incentive Plan, as amended, will vest on the first anniversary of the June 18, 2026 grant date subject to continued service on the Company's Board of Directors through the vesting date. One hundred percent (100%) of the RSUs subject to this grant under the Company's Amended and Restated 2015 Stock Incentive Plan, as amended, will vest on the first anniversary of the June 18, 2026 grant date subject to continued service on the Company's Board of Directors through the vesting date. One hundred percent (100%) of the RSUs subject to this grant under the Company's Amended and Restated 2015 Stock Incentive Plan, as amended, vested on the first anniversary of the June 20, 2025 grant date subject to continued service on the Company's Board of Directors through the vesting date
Key Figures
RSUs converted: 18,880 shares
Common shares held: 47,685 shares
New RSU grant: 14,180 RSUs
+3 more
6 metrics
RSUs converted
18,880 shares
RSUs vested and converted on June 20, 2026
Common shares held
47,685 shares
Direct holdings after June 20, 2026 transactions
New RSU grant
14,180 RSUs
Granted June 18, 2026, vests after one year
Stock option grant
21,270 options
Granted June 18, 2026, right to buy common stock
Option exercise price
$9.13 per share
Exercise price for 21,270 stock options
Option expiration
June 18, 2036
Expiration date of stock option grant
Key Terms
Restricted Stock Units, Stock Option (Right to Buy), Amended and Restated 2015 Stock Incentive Plan, vesting, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with an exercise price of $9.13 per share"
Amended and Restated 2015 Stock Incentive Plan financial
"option grant under the Amended and Restated 2015 Stock Incentive Plan, as amended, will vest"
vesting financial
"will vest on the first anniversary of the June 18, 2026 grant date"
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.
exercise or conversion of derivative security financial
"transaction code M is described as Exercise or conversion of derivative security"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Novavax (NVAX) director Gregg H. Alton report?
Gregg H. Alton reported equity compensation activity, including the vesting and conversion of 18,880 restricted stock units into common stock and new grants of 21,270 stock options and 14,180 restricted stock units, all tied to his service on Novavax’s Board of Directors.
What equity awards did Novavax grant to director Gregg H. Alton on June 18, 2026?
On June 18, 2026, Novavax granted Gregg H. Alton 21,270 stock options with a $9.13 exercise price and 14,180 restricted stock units. Footnotes state these awards vest in full on the first anniversary of the grant date, contingent on continued board service.
When do Gregg H. Alton’s new Novavax director equity awards vest?
The stock options and restricted stock units granted to Gregg H. Alton on June 18, 2026 vest 100% on the first anniversary of that grant date. Vesting is conditioned on his continued service on Novavax’s Board of Directors through that one-year vesting date.
What happened to Gregg H. Alton’s previously granted Novavax restricted stock units?
Previously granted restricted stock units fully vested on the first anniversary of the June 20, 2025 grant date. As disclosed, 18,880 RSUs converted into an equal number of Novavax common shares on June 20, 2026, increasing his direct share ownership accordingly.