Precigen CFO Receives 175,000 RSU Grant in Executive Compensation Package
Precigen CFO Harry Thomasian Jr. received a significant equity award in the form of 175,000 Restricted Stock Units (RSUs) on June 26, 2025.
Rhea-AI Filing Summary
Precigen CFO Harry Thomasian Jr. received a significant equity award in the form of 175,000 Restricted Stock Units (RSUs) on June 26, 2025. The RSUs represent the right to receive an equivalent number of Precigen common stock shares.
The vesting schedule for these RSUs is structured as follows:
- 50% vesting on May 23, 2026 (initial cliff vesting)
- Remaining 50% vesting in equal monthly installments over the subsequent three years
This Form 4 filing, signed by Donald P. Lehr as attorney-in-fact, indicates a long-term retention strategy for the CFO position. The RSUs were granted at no cost ($0) to the executive, representing a significant equity incentive aligned with shareholder interests. The award demonstrates Precigen's commitment to executive compensation through equity-based incentives.
Positive
- CFO Harry Thomasian Jr. received a significant equity incentive of 175,000 RSUs, representing a long-term retention package with 4-year vesting schedule
- The RSU grant structure with 50% cliff vesting followed by monthly vesting encourages long-term executive retention
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 175,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Precigen common stock.
- F2. The RSUs vest 50% on May 23, 2026 and in equal monthly installments for three years thereafter.
FAQ
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How many restricted stock units (RSUs) did PGEN's CFO Harry Thomasian receive on June 26, 2025?
What is the vesting schedule for PGEN CFO's new RSU grant?
What was the exercise price of PGEN CFO's RSU grant in June 2025?
Who is the current Chief Financial Officer of PGEN as of June 2025?
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