Pliant Therapeutics (PLRX) director receives 70,000 stock options at $1.14
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pliant Therapeutics director Steve E. Krognes received a compensation-related stock option grant. He was awarded options to purchase 70,000 shares of Pliant Therapeutics common stock at an exercise price of $1.14 per share, expiring on June 11, 2036.
According to the vesting schedule, 25% of the option vests and becomes exercisable on each of October 1, 2026, January 1, 2027, and April 1, 2027. The remaining 25% vests on the earlier of the one-year anniversary of the June 11, 2026 grant date or the next annual meeting of stockholders, provided he continues to serve as a director through the applicable dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Krognes Steve E.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 70,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 70,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 70,000 options
Exercise price: $1.14 per share
Underlying shares: 70,000 shares
+3 more
6 metrics
Option grant size
70,000 options
Stock Option (Right to Buy) granted to director
Exercise price
$1.14 per share
Conversion or exercise price of stock options
Underlying shares
70,000 shares
Common stock underlying the options
Post-grant derivative holdings
70,000 options
Total derivative securities following transaction
Option expiration
June 11, 2036
Expiration date of granted options
Initial vesting date
October 1, 2026
First 25% of options vest and become exercisable
Key Terms
Stock Option (Right to Buy), grant/award acquisition, exercise price, vesting, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
grant/award acquisition financial
"transaction_action: grant/award acquisition"
exercise price financial
"conversion_or_exercise_price: 1.1400"
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.
vesting financial
"25% of the shares subject to such option vest and become exercisable"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of stockholders regulatory
"the earlier of (i) the one-year anniversary ... or (ii) the next annual meeting of stockholders"
FAQ
What insider transaction did PLIANT THERAPEUTICS (PLRX) report for Steve E. Krognes?
Pliant Therapeutics reported a grant of stock options to director Steve E. Krognes. He received options for 70,000 shares of common stock as part of a compensation-related award.
What is the exercise price of Steve Krognes’ PLRX stock options?
The exercise price for Steve Krognes’ stock options is $1.14 per share. This is the fixed price at which he can purchase Pliant Therapeutics common stock once the options vest and are exercised.
When do Steve Krognes’ PLIANT THERAPEUTICS (PLRX) options vest?
The options vest in four equal 25% installments. They become exercisable on October 1, 2026, January 1, 2027, April 1, 2027, and the earlier of June 11, 2027 or the next annual stockholder meeting.
What is the expiration date of Steve Krognes’ PLRX stock option grant?
Steve Krognes’ stock options expire on June 11, 2036. After that date, any unexercised options will no longer be usable to purchase Pliant Therapeutics common shares at the stated exercise price.