BeOne Medicines (ONC) SVP gets RSU and option grants, sells ADS for taxes
Rhea-AI Filing Summary
BeOne Medicines Ltd. senior vice president and general counsel Henry Lee Chan reported a mix of equity transactions. He sold 428 American Depositary Shares at $257.635 per ADS pursuant to a mandatory tax withholding provision tied to a previously granted restricted share unit award. Each ADS represents 13 Ordinary Shares.
He also acquired 45,071 Ordinary Shares underlying restricted share units that vest over four years starting on June 11, 2026, with 1/4 vesting on each anniversary, subject to continued service. In addition, he received a share option for 87,308 Ordinary Shares at an exercise price of $20.81 per share, expiring on June 10, 2036, vesting 25% on the first anniversary of June 11, 2026 and monthly thereafter. Following these transactions, he directly holds 346,554 Ordinary Shares and 87,308 options.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Option (Right to Buy) | 87,308 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 45,071 | $0.00 | -- |
| Sale | American Depositary Shares | 428 | $257.635 | $110K |
Footnotes (1)
- Represents securities underlying restricted share units. 1/4th of the securities will vest on each anniversary of June 11, 2026, subject to continued service. Unvested securities are subject to accelerated vesting upon certain termination events. Each American Depositary Share represents 13 Ordinary Shares. The sale was effected pursuant to a mandatory tax withholding provision in the Reporting Person's restricted share unit award agreement in connection with the vesting of a restricted share unit award previously granted to the Reporting Person. 1/4th of the securities will vest on each anniversary of June 10, 2025, subject to continued service. Unvested securities are subject to accelerated vesting upon certain termination events following a change in control. The number of securities underlying each option and the exercise price therefor are represented in ordinary shares. These securities vest over a four-year period as follows: 25% on the first anniversary of June 11, 2026 with the remaining shares vesting in 36 equal successive monthly installments thereafter, subject to continued service. Unvested securities are subject to accelerated vesting upon certain termination events.