Equity awards to Vaxcyte (PCVX) director Lee Jacks detailed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vaxcyte, Inc. director Lee Jacks reported equity awards consisting of restricted stock units and stock options. He received 2,265 RSUs, each representing one share of common stock, and 11,389 stock options with an exercise price of $49.5600 per share.
The RSUs will fully vest on the earlier of June 15, 2027 or the day prior to the next annual stockholder meeting, subject to acceleration and his continuous service. The stock options vest monthly on the same overall schedule and expire on June 15, 2036. Following the grant, Jacks directly holds 6,856 shares of common stock, plus the newly granted options.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lee Jacks
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 11,389 | $0.00 | -- |
| Grant/Award | Common Stock | 2,265 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 11,389 shares (Direct, null);
Common Stock — 6,856 shares (Direct, null)
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 will fully vest on the earlier of June 15, 2027 or the day prior to the next annual meeting of stockholders, subject to acceleration, and subject to the Reporting Person's continuous service through such date. The shares of Common Stock subject to the option will vest monthly and fully vest on the earlier of June 15, 2027 or the day prior to the next annual meeting of stockholders, subject to acceleration, and subject to the Reporting Person's continuous service through such date.
Key Figures
RSUs granted: 2,265 units
Options granted: 11,389 options
Option exercise price: $49.5600 per share
+2 more
5 metrics
RSUs granted
2,265 units
Restricted stock units granted to director on June 15, 2026
Options granted
11,389 options
Stock options granted to director on June 15, 2026
Option exercise price
$49.5600 per share
Strike price for 11,389 stock options
Option expiration
June 15, 2036
Expiration date of granted stock options
Shares after RSU grant
6,856 shares
Common stock directly held by Lee Jacks following grant
Key Terms
restricted stock units ("RSUs"), Stock Option (right to buy), contingent right, continuous service
4 terms
restricted stock units ("RSUs") financial
"Represents the number of shares of Common Stock underlying restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock Option (right to buy) financial
"Stock Option (right to buy) with an exercise price of 49.5600."
contingent right financial
"Each RSU represents the contingent right to receive one share of the Issuer's Common Stock."
continuous service financial
"subject to the Reporting Person's continuous service through such date."
FAQ
What did Vaxcyte (PCVX) director Lee Jacks report in this Form 4?
Director Lee Jacks reported receiving equity compensation awards from Vaxcyte. The filing shows grants of restricted stock units and stock options, increasing his direct common stock holdings and adding a new option position tied to future vesting.
How many Vaxcyte (PCVX) RSUs were granted to director Lee Jacks?
Lee Jacks was granted 2,265 restricted stock units (RSUs). Each RSU equals one share of Vaxcyte common stock. The RSUs will fully vest by June 15, 2027 or the day before the next annual stockholder meeting, assuming he remains in continuous service.
What stock options did Vaxcyte (PCVX) grant to director Lee Jacks?
Vaxcyte granted Lee Jacks 11,389 stock options with an exercise price of $49.5600 per share. These options vest monthly and fully vest by June 15, 2027 or the day before the next annual stockholder meeting, and they expire on June 15, 2036.
When do Lee Jacks’ Vaxcyte (PCVX) RSUs and options fully vest?
Both the RSUs and stock options are scheduled to fully vest on the earlier of June 15, 2027 or the day prior to Vaxcyte’s next annual stockholder meeting. Vesting requires his continuous service, with options vesting monthly during the period.
Does this Vaxcyte (PCVX) Form 4 show any stock sales by Lee Jacks?
The Form 4 does not report any stock sales by Lee Jacks. It shows two acquisition-type transactions coded “A”: a grant of 2,265 restricted stock units and a grant of 11,389 stock options as part of his director compensation.