Royalty Pharma (RPRX) director gets equity grant in lieu of cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bassler Bonnie L reported acquisition or exercise transactions in this Form 4 filing.
Royalty Pharma plc director Bonnie L. Bassler received an award of 689 Class A Ordinary Shares, valued at $54.3998 per share. The shares were issued under the company’s 2020 Independent Director Equity Incentive Plan in lieu of a quarterly cash retainer of $37,500.
After this equity award, Bassler directly holds 79,181 Class A Ordinary Shares. This transaction reflects compensation paid in stock rather than cash, and does not represent an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bassler Bonnie L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Shares | 689 | $54.3998 | $37K |
Holdings After Transaction:
Class A Ordinary Shares — 79,181 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 689 shares
Grant price per share: $54.3998 per share
Quarterly retainer value: $37,500
+1 more
4 metrics
Shares granted
689 shares
Class A Ordinary Shares awarded as director compensation
Grant price per share
$54.3998 per share
Valuation used for the equity award
Quarterly retainer value
$37,500
Director retainer paid in shares instead of cash
Shares held after transaction
79,181 shares
Bassler’s direct Class A Ordinary Share holdings after award
Key Terms
Class A Ordinary Shares, 2020 Independent Director Equity Incentive Plan, quarterly retainer payment
3 terms
2020 Independent Director Equity Incentive Plan financial
"issued to the reporting person under the Issuer's 2020 Independent Director Equity Incentive Plan"
quarterly retainer payment financial
"in lieu of a quarterly retainer payment of $37,500"
FAQ
What did Royalty Pharma (RPRX) director Bonnie L. Bassler receive in this transaction?
Bonnie L. Bassler received 689 Class A Ordinary Shares of Royalty Pharma as an equity award. The shares were granted as director compensation under the 2020 Independent Director Equity Incentive Plan, replacing a portion of her normal cash retainer for the quarter.
Was cash paid to Bonnie L. Bassler by Royalty Pharma (RPRX) in this transaction?
No cash was paid in this transaction; instead, Bassler received shares in lieu of a $37,500 quarterly retainer. The Class A Ordinary Shares were issued under Royalty Pharma’s 2020 Independent Director Equity Incentive Plan as non-cash director compensation.
Is this Royalty Pharma (RPRX) transaction an open-market stock purchase or sale?
This transaction is not an open-market stock purchase or sale. It is a grant of 689 Class A Ordinary Shares to director Bonnie L. Bassler as equity compensation in place of a $37,500 quarterly retainer under the 2020 Independent Director Equity Incentive Plan.