RIGEL (RIGL) director Lapointe granted 5,750-share RSU-based stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LAPOINTE ANTHONY GREGG reported acquisition or exercise transactions in this Form 4 filing.
RIGEL PHARMACEUTICALS INC director Anthony Gregg Lapointe reported an equity compensation grant of 5,750 shares of Common Stock, recorded at a price of $0.00 per share. These shares are tied to a Restricted Stock Unit award that will fully vest on the date prior to the company’s next Annual Meeting, if he continues serving on the Board of Directors. Following this award, Lapointe’s reported direct holdings total 18,250 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LAPOINTE ANTHONY GREGG
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,750 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,250 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity award size: 5,750 shares
Grant price per share: $0.00 per share
Post-transaction holdings: 18,250 shares
3 metrics
Equity award size
5,750 shares
Restricted Stock Unit-based Common Stock grant
Grant price per share
$0.00 per share
Reported transaction price for the RSU-related award
Post-transaction holdings
18,250 shares
Common Stock directly held after the award
Key Terms
Restricted Stock Unit, Annual Meeting, Board of Directors, Common Stock
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.
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.
Common Stock financial
"The shares of Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did RIGL director Anthony Gregg Lapointe report on this Form 4?
Anthony Gregg Lapointe reported an acquisition of 5,750 shares of RIGEL PHARMACEUTICALS INC Common Stock through a grant. The award is structured as Restricted Stock Units that convert into shares upon vesting, rather than an open-market purchase for cash.
When will Anthony Gregg Lapointe’s RIGL Restricted Stock Units vest?
The Restricted Stock Units will fully vest on the date prior to RIGEL PHARMACEUTICALS INC’s next Annual Meeting. Vesting is contingent on Lapointe’s continuous service on the company’s Board of Directors through that date, aligning the grant with ongoing board service.
Was this RIGL Form 4 transaction an open-market buy or a compensation award?
This transaction was a compensation-related equity award, not an open-market purchase. The Form 4 classifies it as a grant or award acquisition of Common Stock via Restricted Stock Units, with a reported price of $0.00 per share, typical for non-cash director compensation.