Vaxcyte (NASDAQ: PCVX) CTO reports stock awards and tax-related share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vaxcyte, Inc. reported insider equity activity by Chief Technical Ops Officer Harpreet S. Dhaliwal. On February 26, 2026, Dhaliwal received grants of 53,409 shares of common stock and 46,424 stock options, both at a reported price of $0.00 per share as awards. The common stock grant represents restricted stock units that vest over time starting September 7, 2026. On February 28 and March 2, 2026, a total of 757 shares of common stock were disposed of at $61.98 per share to cover tax withholding obligations upon RSU vesting. After these transactions, Dhaliwal directly held 76,580 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Dhaliwal Harpreet S.
Role
Chief Technical Ops Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 465 | $61.98 | $29K |
| Tax Withholding | Common Stock | 292 | $61.98 | $18K |
| Grant/Award | Stock Option (right to buy) | 46,424 | $0.00 | -- |
| Grant/Award | Common Stock | 53,409 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 76,580 shares (Direct);
Stock Option (right to buy) — 46,424 shares (Direct)
Footnotes (1)
- Represents the number of shares of Common Stock underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Common Stock. The RSUs vest as to 1/4 of the shares subject to the award on September 7, 2026 and 1/8 of the shares every six months thereafter, subject to Reporting Person's continuous service with the Issuer through each such date. Represents shares surrendered to the Issuer to cover applicable tax withholding obligations realized upon the vesting of RSUs. 1/48 of shares subject to the option vest on March 26, 2026, and 1/48 of the shares vest monthly thereafter, subject to Reporting Person's continuous service with the Issuer through each such date.
FAQ
What insider transactions did Vaxcyte (PCVX) report for Harpreet S. Dhaliwal?
Vaxcyte reported that Chief Technical Ops Officer Harpreet S. Dhaliwal received stock and option awards, and disposed of shares for tax withholding. The activity reflects routine equity compensation and related tax-withholding dispositions tied to restricted stock unit vesting.
How do the Vaxcyte (PCVX) RSU awards to Harpreet S. Dhaliwal vest over time?
The restricted stock units vest over multiple dates. One-quarter of the shares vest on September 7, 2026, and one-eighth of the shares vest every six months thereafter, conditioned on Dhaliwal’s continuous service with Vaxcyte through each vesting date.