Prothena (PRTA) awards 190,000-share stock option to Chief Legal Officer Malecek
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Malecek Michael J reported acquisition or exercise transactions in this Form 4 filing.
Prothena Corp Public Ltd Co granted Chief Legal Officer Michael J. Malecek a stock option covering 190,000 shares of the company’s stock. According to the award terms, 25% of the option will vest and become exercisable on March 3, 2027. The remaining shares will vest in equal monthly installments of 1/48th of the total option on each monthly anniversary thereafter, subject to his continued employment with the company on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Malecek Michael J
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 190,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 190,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Prothena (PRTA) report for Michael J. Malecek?
Prothena reported a grant of a stock option to Chief Legal Officer Michael J. Malecek covering 190,000 shares of company stock. This is an equity-based compensation award rather than an open-market share purchase or sale.
What type of security was granted in the latest Prothena (PRTA) Form 4?
The filing shows a Stock Option (Right to Buy) as the security granted. This option gives the reporting person the right to acquire Prothena ordinary shares, subject to the vesting schedule and other terms described in the award.
When do Michael J. Malecek’s Prothena (PRTA) stock options start vesting?
The stock options begin vesting on March 3, 2027, when 25% of the total shares under the option vest. This initial cliff vesting date marks the first time any portion of the award becomes exercisable, subject to continued employment.
How do the remaining Prothena (PRTA) stock options vest after March 3, 2027?
After 25% vests on March 3, 2027, the remaining portion vests in 1/48th monthly installments. Each monthly anniversary thereafter triggers an additional equal installment, contingent on the reporting person’s continued employment at each vesting date.
Whose employment status affects vesting of the new Prothena (PRTA) option grant?
Vesting depends on the continued employment of Michael J. Malecek with Prothena. Each vesting date, including the initial 25% on March 3, 2027 and subsequent monthly installments, requires that he remain employed by the issuer on that date.
How many Prothena (PRTA) derivative securities does Michael J. Malecek hold after this grant?
Following this transaction, the reporting person holds 190,000 derivative securities in the form of stock options. This figure represents the total number of option shares reported as beneficially owned after the grant in the Form 4 filing.