PTC Therapeutics (NASDAQ: PTCT) director gets 8,000 RSUs, 6,950-share option
Rhea-AI Filing Summary
PTC Therapeutics director Michael Schmertzler reported new equity awards. On January 2, 2026 he received 8,000 shares of common stock in the form of restricted stock units at a price of $0, increasing his directly held common stock to 163,266 shares. The RSUs vest over one year, with five-twelfths vesting on June 2, 2026 and the remaining seven-twelfths vesting on January 2, 2027.
He was also granted a stock option for 6,950 shares of common stock with an exercise price of $76.74 per share. This option was granted on January 2, 2026 and vests over one year in twelve equal monthly installments starting on February 2, 2026. Both awards are reported as directly owned by Schmertzler.
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FAQ
What insider transaction did PTC Therapeutics (PTCT) report in this Form 4?
The filing reports that director Michael Schmertzler received equity awards on January 2, 2026, including restricted stock units in common stock and a stock option grant.
How many PTC Therapeutics (PTCT) shares did Michael Schmertzler receive?
He received 8,000 shares of common stock in the form of restricted stock units at a grant price of $0, and a stock option for 6,950 shares of common stock.
What is the vesting schedule for Michael Schmertzlers PTC Therapeutics RSUs?
The 8,000 RSUs vest over one year: five-twelfths of the underlying shares vest on June 2, 2026, and the remaining seven-twelfths vest on January 2, 2027.
What are the key terms of the stock option granted to Michael Schmertzler at PTC Therapeutics (PTCT)?
The stock option covers 6,950 shares of common stock with an exercise price of $76.74 per share. It was granted on January 2, 2026 and vests in twelve equal monthly installments starting on February 2, 2026, over one year.
How many PTC Therapeutics shares does Michael Schmertzler own after these grants?
Following the reported RSU grant, he beneficially owns 163,266 shares of common stock directly, as shown in the filing.
What role does Michael Schmertzler hold at PTC Therapeutics (PTCT)?
He is listed in the filing as a director of PTC Therapeutics, Inc. and the Form 4 is filed for one reporting person.