RIGEL (NASDAQ: RIGL) director receives 5,750-share Restricted Stock Unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RIGEL PHARMACEUTICALS INC director Alison L. Hannah received an equity award in the form of Restricted Stock Units. The filing shows a grant of 5,750 shares of Common Stock at a price of $0.00 per share, reflecting a compensation-related award rather than a market purchase.
These shares are to be acquired upon vesting of the Restricted Stock Unit award. According to the terms, the units will fully vest on the date prior to the company’s next Annual Meeting, as long as she continues to serve on the Board of Directors. After this grant, her direct Common Stock holdings reported in this filing total 16,375 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HANNAH ALISON L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,750 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,375 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU shares granted: 5,750 shares
Grant price per share: $0.00 per share
Total shares after transaction: 16,375 shares
+1 more
4 metrics
RSU shares granted
5,750 shares
Restricted Stock Unit award to director on May 15, 2026
Grant price per share
$0.00 per share
Indicates non-cash equity compensation award
Total shares after transaction
16,375 shares
Director’s direct Common Stock holdings after grant
Vesting condition
Fully vests before next Annual Meeting
Subject to continuous Board service
Key Terms
Restricted Stock Unit, Annual Meeting, continuous service, Board of Directors
4 terms
Restricted Stock Unit financial
"The shares of Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Annual Meeting financial
"The Restricted Stock Units shall fully vest on the date prior to the Company's next Annual Meeting, subject to the Reporting Person's continuous service"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
continuous service other
"subject to the Reporting Person's continuous service on the Company's Board of Directors."
Board of Directors financial
"subject to the Reporting Person's continuous service on the Company's Board of Directors."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did RIGEL (RIGL) disclose for Alison L. Hannah?
RIGEL reported that director Alison L. Hannah received a grant of 5,750 Restricted Stock Units. These units represent shares of Common Stock awarded as compensation, not purchased on the open market, and increase her reported direct holdings to 16,375 shares after the transaction.
When do Alison L. Hannah’s RIGEL Restricted Stock Units vest?
The Restricted Stock Units will fully vest on the date prior to RIGEL’s next Annual Meeting. Vesting is conditioned on Alison L. Hannah’s continuous service on the company’s Board of Directors through that date, aligning the award with ongoing board service requirements.
Is the RIGEL (RIGL) Form 4 transaction a market buy or a grant?
The Form 4 describes a grant or award acquisition, not a market buy. Alison L. Hannah received 5,750 shares at $0.00 per share through a Restricted Stock Unit award, a standard form of non-cash director compensation tied to future vesting.