Palatin Technologies (PTN) executive Wills records vested RSUs and options
Rhea-AI Filing Summary
Palatin Technologies executive Stephen T. Wills, who serves as Executive VP and CFO/COO, reported the vesting of performance-based equity awards on December 9, 2025 under the company’s 2011 Stock Incentive Plan. He acquired 95, 330, and 345 restricted share units of common stock at a price of $0 per share as certain performance conditions were certified by the Compensation Committee. These restricted share units each represent the right to receive one share of common stock, with the shares to be issued on or before the 60th day following December 9, 2025.
On the same date, Wills also acquired performance-based stock options to buy Palatin common stock: 142 options with a $362.5 exercise price expiring on June 22, 2032, 518 options with a $109.5 exercise price expiring on June 20, 2033, and 495 options with a $91.5 exercise price expiring on June 4, 2034. Following these transactions, he directly beneficially owned 64,053 shares of common stock and 122,913 derivative securities in the form of stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 142 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 518 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 495 | $0.00 | -- |
| Grant/Award | Common Stock | 95 | $0.00 | -- |
| Grant/Award | Common Stock | 330 | $0.00 | -- |
| Grant/Award | Common Stock | 345 | $0.00 | -- |
Footnotes (1)
- Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The performance condition grant, made June 22, 2022, vested in part on December 9, 2025, upon certification by the Compensation Committee of a defined performance objective as to 100% of the target number of share units for the 18 months ending December 31, 2025. The shares have not been issued as of the date of this Form 4, but will be issued on or before the 60th day following December 9, 2025. Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The performance condition grant, made June 20, 2023, vested in part on December 9, 2025, upon certification by the Compensation Committee of a defined performance objective as to 100% of the target number of share units for the 18 months ending December 31, 2025. The shares have not been issued as of the date of this Form 4, but will be issued on or before the 60th day following December 9, 2025. Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The performance Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The performance condition grant, made June 4, 2024, vested in part on December 9, 2025, upon certification by the Compensation Committee of a defined performance objective as to 100% of the target number of share units for the 18 months ending December 31, 2025. The shares have not been issued as of the date of this Form 4, but will be issued on or before the 60th day following December 9, 2025. Performance-based stock options granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, upon payment of the exercise price, one share of common stock. The performance condition stock option grant, made June 22, 2022, vested in part on December 9, 2025, upon certification by the Compensation Committee of a defined performance objective as to 100% of the target number of share units for the 18 months ending December 31, 2025. Performance-based Stock options granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, upon payment of the exercise price, one share of common stock. The performance condition stock option grant, made June 20, 2023, vested in part on December 9, 2025, upon certification by the Compensation Committee of a defined performance objective as to 100% of the target number of share units for the 18 months ending December 31, 2025. Performance-based stock options granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, upon payment of the exercise price, one share of common stock. The performance condition stock option grant, made June 4, 2024, vested in part on December 9, 2025, upon certification by the Compensation Committee of a defined performance objective as to 100% of the target number of share units for the 18 months ending December 31, 2025.
FAQ
What insider transaction did Palatin Technologies (PTN) report in this Form 4?
The filing reports that Stephen T. Wills, Executive VP and CFO/COO of Palatin Technologies, had performance-based restricted share units and stock options vest on December 9, 2025 under the company’s 2011 Stock Incentive Plan.
What performance-based stock options did the Palatin Technologies (PTN) executive receive?
Stephen T. Wills acquired performance-based stock options to buy Palatin common stock: 142 options with a $362.5 exercise price expiring June 22, 2032, 518 options with a $109.5 exercise price expiring June 20, 2033, and 495 options with a $91.5 exercise price expiring June 4, 2034.
Under what plan were the Palatin Technologies (PTN) equity awards granted to the executive?
The restricted share units and performance-based stock options reported for Stephen T. Wills were granted under Palatin Technologies’ 2011 Stock Incentive Plan, with vesting tied to performance objectives over an 18-month period ending December 31, 2025.