Executive at ProMIS (PMN) receives 18,167 stock options expiring 2036
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProMIS Neurosciences Inc. reported that its Principal Accounting Officer, Max A. Milbury, received a compensation-related grant of stock options. The award covers 18,167 options to buy Common Shares at an exercise price of $10.77 per share, expiring on May 20, 2036. These options were granted at no cost and increase his directly held option position to 18,167 derivative securities. According to the disclosure, the options will vest ratably over four years, conditioned on his continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Milbury Max A.
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (right to buy) | 18,167 | $0.00 | -- |
Holdings After Transaction:
Option (right to buy) — 18,167 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 18,167 options
Exercise price: $10.77 per share
Expiration date: May 20, 2036
+2 more
5 metrics
Options granted
18,167 options
Grant to Principal Accounting Officer on May 20, 2026
Exercise price
$10.77 per share
Exercise price for granted options
Expiration date
May 20, 2036
Option term end date
Total options after grant
18,167 options
Total derivative securities held following transaction
Vesting period
Four years
Options vest ratably over four years
Key Terms
Grant, award, or other acquisition, Principal Accounting Officer, Option (right to buy), vest ratably over four years
4 terms
Grant, award, or other acquisition financial
"transaction code description is "Grant, award, or other acquisition" for the options"
Principal Accounting Officer financial
"Max A. Milbury is identified as the Principal Accounting Officer of the issuer"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
Option (right to buy) financial
"security title is listed as "Option (right to buy)" linked to Common Shares"
vest ratably over four years financial
"footnote states the shares subject to this option vest ratably over four years"
FAQ
What insider transaction did ProMIS Neurosciences (PMN) report for Max A. Milbury?
ProMIS Neurosciences reported a grant of 18,167 stock options to Principal Accounting Officer Max A. Milbury. These options are a compensation-related award, not an open-market purchase or sale of Common Shares.
What is the exercise price of Max A. Milbury’s options at ProMIS Neurosciences (PMN)?
The granted options have an exercise price of $10.77 per Common Share. This means Milbury can buy up to 18,167 shares at $10.77 each once the options vest and are exercised.
When do Max A. Milbury’s ProMIS Neurosciences (PMN) options expire?
The options granted to Max A. Milbury expire on May 20, 2036. After this date, any unexercised options will lapse and can no longer be used to purchase Common Shares from the company.
How many ProMIS Neurosciences (PMN) options does Max A. Milbury hold after this grant?
Following this grant, Max A. Milbury holds 18,167 derivative securities in the form of stock options. This figure reflects his total directly held options position reported in the filing after the transaction.
How do Max A. Milbury’s ProMIS Neurosciences (PMN) options vest?
The filing states that the 18,167 options vest ratably over four years, subject to his continued service. This means portions of the award become exercisable over time as he remains with ProMIS Neurosciences.