Pacira BioSciences (PCRX) director receives new RSUs and stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pacira BioSciences director Samit Hirawat received new equity awards. He was granted 6,405 restricted stock units of common stock, which will vest on June 10, 2027 if he remains in continuous service with the company through that date.
He was also granted stock options covering 10,891 shares of common stock at an exercise price of $23.42 per share. These options vest and become exercisable on June 10, 2027, and expire on June 10, 2036. Following these awards, he holds 6,405 common shares and options on 10,891 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hirawat Samit
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 10,891 | $0.00 | -- |
| Grant/Award | Common Stock | 6,405 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 10,891 shares (Direct, null);
Common Stock — 6,405 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units that vest on June 10, 2027, provided that the reporting person remains in continuous service with the issuer through the vesting date. Each restricted stock unit represents the contingent right to receive one share of the issuer's common stock. The stock option vests and becomes exercisable on June 10, 2027, provided that the reporting person remains in continuous service with the issuer through the vesting date.
Key Figures
RSUs granted: 6,405 units
Stock options granted: 10,891 options
Option exercise price: $23.42 per share
+5 more
8 metrics
RSUs granted
6,405 units
Restricted stock units vesting June 10, 2027
Stock options granted
10,891 options
Right to buy common stock
Option exercise price
$23.42 per share
Conversion or exercise price
RSU vesting date
June 10, 2027
Requires continuous service to vest
Option vesting date
June 10, 2027
Date options become exercisable
Option expiration
June 10, 2036
Final expiration date for the options
Shares held after grant
6,405 shares
Total common stock directly owned after RSU grant
Underlying option shares
10,891 shares
Common shares subject to the new option
Key Terms
restricted stock units, stock option, exercise price, continuous service
4 terms
restricted stock units financial
"Represents restricted stock units that vest on June 10, 2027, provided that the reporting person remains in continuous service"
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 financial
"The stock option vests and becomes exercisable on June 10, 2027, provided that the reporting person remains in continuous service"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"conversion_or_exercise_price: "23.4200""
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.
continuous service financial
"provided that the reporting person remains in continuous service with the issuer through the vesting date"
FAQ
What equity awards did Pacira BioSciences (PCRX) director Samit Hirawat receive?
Samit Hirawat received 6,405 restricted stock units and stock options on 10,891 Pacira BioSciences common shares. The RSUs and options were granted at no cost as compensation and are subject to future vesting conditions tied to his continued service.
When do Samit Hirawat’s new Pacira (PCRX) restricted stock units vest?
The 6,405 restricted stock units vest on June 10, 2027, if Hirawat remains in continuous service with Pacira BioSciences until that date. Each vested unit will convert into one share of the company’s common stock once the vesting condition is satisfied.
What are the terms of Samit Hirawat’s new Pacira (PCRX) stock options?
Hirawat’s new stock options cover 10,891 Pacira BioSciences common shares at an exercise price of $23.42 per share. The options vest and become exercisable on June 10, 2027, and will expire on June 10, 2036, if not exercised earlier.
Are Samit Hirawat’s Pacira (PCRX) equity awards tied to his continued service?
Yes. Both the 6,405 restricted stock units and the 10,891-share stock option grant require Hirawat to remain in continuous service with Pacira BioSciences through June 10, 2027. Vesting and exercisability depend on this ongoing service condition being met.