NovoCure (NVCR) director receives new share and stock option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NovoCure Ltd director Allyson J. Ocean received new equity awards. She was granted 11,610 restricted stock units that will vest 100% on the earlier of the first anniversary of the grant or the day immediately preceding the company’s 2027 annual general meeting of shareholders.
She also received stock options for 16,999 ordinary shares at an exercise price of $16.15 per share, which will fully vest on the same schedule and expire on June 3, 2036. Following the restricted stock unit grant, she directly holds 22,934 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ocean Allyson J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 16,999 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 11,610 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 16,999 shares (Direct, null);
Ordinary Shares — 22,934 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units that are scheduled to vest 100% on the earlier of the following dates: (i) the first anniversary of the grant date or (ii) the day immediately preceding the Company's 2027 annual general meeting of shareholders. Options to buy ordinary shares will fully vest and become exercisable on the earlier of the following dates: (i) the first anniversary of the grant date or (ii) the day immediately preceding the Company's 2027 annual general meeting of shareholders.
Key Figures
Restricted stock units granted: 11,610 units
Shares held after grant: 22,934 ordinary shares
Stock options granted: 16,999 options
+3 more
6 metrics
Restricted stock units granted
11,610 units
Award to director Allyson J. Ocean on June 3, 2026
Shares held after grant
22,934 ordinary shares
Direct holdings following RSU award
Stock options granted
16,999 options
Right to buy ordinary shares, granted June 3, 2026
Option exercise price
$16.15 per share
Strike price for 16,999 stock options
Option expiration date
June 3, 2036
Expiration of granted stock options
RSU vesting trigger
First anniversary or pre-2027 AGM
100% vest when either condition is met
Key Terms
restricted stock units, Stock Option (Right to Buy, annual general meeting of shareholders, exercise price
4 terms
restricted stock units financial
"Represents restricted stock units that are scheduled to vest 100% on the earlier of the following dates"
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)"
exercise price financial
"Options to buy ordinary shares will fully vest and become exercisable"
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.
FAQ
What did NovoCure (NVCR) director Allyson J. Ocean report in this Form 4?
Director Allyson J. Ocean reported equity awards, not open-market trades. She received 11,610 restricted stock units and options for 16,999 ordinary shares, all granted as compensation, increasing her direct ownership position in NovoCure through stock-based awards rather than purchases or sales.
What are the vesting terms of Allyson J. Ocean’s NovoCure restricted stock units?
The 11,610 restricted stock units will vest 100% on the earlier of the first anniversary of the grant date or the day immediately preceding NovoCure’s 2027 annual general meeting of shareholders. This structure ties vesting to either a time-based or meeting-based milestone.
What are the details of the NovoCure stock options granted to Allyson J. Ocean?
She was granted options to buy 16,999 ordinary shares at an exercise price of $16.15 per share. These options fully vest on the earlier of the first anniversary of the grant date or the day before the 2027 annual general meeting and expire on June 3, 2036.