Quince Therapeutics (QNCX) director takes 19,547 stock options in lieu of cash
Rhea-AI Filing Summary
Quince Therapeutics director Margaret McLoughlin reported receiving a new stock option award. On 01/02/2026, she was granted a Director Stock Option (Right to Buy) covering 19,547 shares of common stock at an exercise price of $3 per share. The filing shows this as an acquisition of derivative securities held directly.
According to the footnote, the option vests in equal quarterly installments over a one-year period. McLoughlin elected to receive this stock option grant in lieu of the 2026 annual director cash retainer under the company’s Outside Director Compensation Policy, meaning this award represents her director compensation rather than an open-market transaction.
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FAQ
What insider transaction did Quince Therapeutics (QNCX) report for Margaret McLoughlin?
The filing reports that director Margaret McLoughlin acquired a Director Stock Option (Right to Buy) covering 19,547 shares of Quince Therapeutics common stock on 01/02/2026.
What are the key terms of Margaret McLoughlin’s new stock option at Quince Therapeutics (QNCX)?
The option gives McLoughlin the right to buy 19,547 shares of Quince Therapeutics common stock at an exercise price of $3 per share. It was reported as held directly and classified as an acquisition of derivative securities.
How does the Quince Therapeutics (QNCX) director stock option for Margaret McLoughlin vest?
The footnote states that the shares subject to the option vest in equal quarterly installments over a one-year period, so the award becomes exercisable in stages across that year.
Was Margaret McLoughlin’s Quince Therapeutics (QNCX) stock option grant part of her director compensation?
Yes. The filing explains that McLoughlin elected to receive stock options in lieu of the annual director cash retainer for 2026 under Quince Therapeutics’ Outside Director Compensation Policy.
How many derivative securities does Margaret McLoughlin own in Quince Therapeutics (QNCX) after this transaction?
After the reported transaction, McLoughlin beneficially owns 19,547 derivative securities (the director stock option) according to the Form 4.
Is the Quince Therapeutics (QNCX) stock option for Margaret McLoughlin a direct or indirect holding?
The Form 4 indicates the ownership form is Direct (D), meaning the option is held directly by Margaret McLoughlin rather than through an intermediary entity.