Rigel Pharmaceuticals (RIGL) CMO receives 24,400-share RSU equity award with 4-year vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HANNAH ALISON L. reported acquisition or exercise transactions in this Form 4 filing.
RIGEL PHARMACEUTICALS INC reported that EVP and Chief Medical Officer Alison L. Hannah received a grant of 24,400 shares of common stock in the form of Restricted Stock Units. These RSUs vest annually over four years from July 8, 2026, with the first vesting on July 8, 2027. Following adjustments, including the cancellation of 5,750 RSUs for no consideration, she holds 35,025 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HANNAH ALISON L.
Role
EVP, Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,400 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,025 shares (Direct, null)
Footnotes (1)
- The shares of common stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person. The Restricted Stock Units shall vest annually over four (4) years from July 8, 2026, with the first annual vest occurring on July 8, 2027. Amount has been adjusted to reflect the cancellation of 5,750 restricted stock units for no consideration, which is exempt from Section 16 pursuant to Rule 16b-6(d) and Rule 16a-4(d) promulgated under the Securities Exchange Act of 1934, as amended.
Key Figures
RSU grant size: 24,400 shares
Shares held after transaction: 35,025 shares
Cancelled RSUs: 5,750 units
+2 more
5 metrics
RSU grant size
24,400 shares
Restricted Stock Unit award of common stock to EVP, Chief Medical Officer
Shares held after transaction
35,025 shares
Direct common stock ownership following the reported award and adjustments
Cancelled RSUs
5,750 units
Restricted Stock Units cancelled for no consideration, exempt from Section 16 rules
Vesting period
4 years
RSUs vest annually over four years from July 8, 2026
First vesting date
July 8, 2027
Date of first annual vesting of the RSU award
Key Terms
Restricted Stock Unit, Section 16, Rule 16b-6(d), Rule 16a-4(d)
4 terms
Restricted Stock Unit financial
"The shares of common stock are to be acquired upon the vesting of a Restricted Stock Unit award"
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.
Section 16 regulatory
"which is exempt from Section 16 pursuant to Rule 16b-6(d) and Rule 16a-4(d)"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16b-6(d) regulatory
"exempt from Section 16 pursuant to Rule 16b-6(d) and Rule 16a-4(d)"
Rule 16a-4(d) regulatory
"exempt from Section 16 pursuant to Rule 16b-6(d) and Rule 16a-4(d)"
FAQ
What insider transaction did RIGL disclose for EVP CMO Alison L. Hannah?
RIGEL PHARMACEUTICALS INC disclosed that EVP and Chief Medical Officer Alison L. Hannah received a grant of 24,400 Restricted Stock Units, representing common stock awarded as equity compensation.
What is the vesting schedule for Alison L. Hannah’s new RIGL RSU award?
The 24,400 Restricted Stock Units granted to Alison L. Hannah vest annually over four years from July 8, 2026, with the first vesting tranche scheduled on July 8, 2027.
What cancellation of RSUs was reported in the RIGL Form 4 for Alison L. Hannah?
The filing notes that 5,750 Restricted Stock Units were cancelled for no consideration, with the adjustment stated as exempt from Section 16 under Rules 16b-6(d) and 16a-4(d).