Pliant Therapeutics (PLRX) director receives 70,000-share stock option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pliant Therapeutics director Thomas A. McCourt received a grant of stock options covering 70,000 shares of common stock. The options have an exercise price of $1.14 per share and expire on June 11, 2036.
These options were granted as compensation and do not represent an open-market purchase. According to the vesting schedule, 25% of the options vest on each of October 1, 2026, January 1, 2027, and April 1, 2027, with the remaining 25% vesting on the earlier of the one-year anniversary of the grant date or the next annual stockholder meeting, subject to McCourt’s continued service on the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCCOURT Thomas A
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
Options granted: 70,000 options
Exercise price: $1.14 per share
Post-grant derivative holdings: 70,000 options
+4 more
7 metrics
Options granted
70,000 options
Stock option grant to director Thomas A. McCourt
Exercise price
$1.14 per share
Exercise price of newly granted options
Post-grant derivative holdings
70,000 options
Total derivative securities following transaction
Expiration date
June 11, 2036
Option expiration
First vesting date
October 1, 2026
25% of options vest
Second vesting date
January 1, 2027
Additional 25% of options vest
Third vesting date
April 1, 2027
Additional 25% of options vest
Key Terms
Stock Option (Right to Buy), exercise price, vest and become exercisable, annual meeting of stockholders
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
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.
vest and become exercisable financial
"25% of the shares subject to such option vest and become exercisable"
annual meeting of stockholders financial
"the next annual meeting of stockholders, subject to the Reporting Person's continued service"
FAQ
What insider transaction did PLIANT THERAPEUTICS (PLRX) report for Thomas A. McCourt?
PLIANT THERAPEUTICS reported a grant of stock options to director Thomas A. McCourt covering 70,000 shares of common stock. The options are a compensation award rather than an open-market purchase and give the right to buy shares at a fixed exercise price.
What is the exercise price and size of the new PLRX stock option grant?
The stock option grant to director Thomas A. McCourt covers 70,000 shares of PLIANT THERAPEUTICS common stock. The options carry an exercise price of $1.14 per share, meaning that is the price he must pay to purchase shares when options are exercised.
How do the new PLRX options granted to Thomas A. McCourt vest over time?
The 70,000-share option grant vests in four 25% segments. Three tranches vest on October 1, 2026, January 1, 2027, and April 1, 2027. The final 25% vests on the earlier of the June 11, 2027 grant anniversary or the next annual stockholder meeting.
When do Thomas A. McCourt’s newly granted PLRX stock options expire?
The newly granted stock options to director Thomas A. McCourt expire on June 11, 2036. After that expiration date, any unexercised options will no longer be usable, so the long-dated term provides a multi-year window in which he can choose to exercise.
Is the PLRX Form 4 transaction an open-market buy or a compensation award?
The reported Form 4 transaction is a compensation-related award, not an open-market share purchase. It reflects a grant of stock options with a $1.14 exercise price, giving Thomas A. McCourt the right to buy 70,000 shares subject to the vesting schedule.