Director Ted Love receives 4,545 RSUs at Royalty Pharma (RPRX)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LOVE TED W reported acquisition or exercise transactions in this Form 4 filing.
Royalty Pharma plc director Ted W. Love received an equity award of 4,545 Class A Ordinary Shares on a grant basis, with no cash paid per share. The award is in the form of restricted stock units under the company’s 2020 Independent Director Equity Incentive Plan. These units are generally scheduled to vest 100% on the earlier of the one-year anniversary of the grant date or the date of the next annual shareholder meeting, subject to plan and award terms. Following this grant, Love directly holds 58,393 Class A Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LOVE TED W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Shares | 4,545 | $0.00 | -- |
Holdings After Transaction:
Class A Ordinary Shares — 58,393 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 4,545 shares
Grant price: $0.00 per share
Shares owned after grant: 58,393 shares
+1 more
4 metrics
RSUs granted
4,545 shares
Restricted stock unit award to director Ted W. Love
Grant price
$0.00 per share
Equity award under 2020 Independent Director Equity Incentive Plan
Shares owned after grant
58,393 shares
Direct holdings following reported transaction
Vesting schedule
100% cliff vest
Earlier of one-year from grant or next annual shareholder meeting
Key Terms
restricted stock units, 2020 Independent Director Equity Incentive Plan, vest 100%, annual meeting of the Issuer's shareholders
4 terms
restricted stock units financial
"Reflects an award of restricted stock units under the Issuer's 2020 Independent Director Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2020 Independent Director Equity Incentive Plan financial
"under the Issuer's 2020 Independent Director Equity Incentive Plan (the "Plan")"
vest 100% financial
"that is generally scheduled to vest 100% on the earlier of (i) the one-year anniversary"
FAQ
What did Royalty Pharma (RPRX) report in this Form 4 for Ted W. Love?
The Form 4 reports an equity grant to director Ted W. Love. He received 4,545 Class A Ordinary Shares via a restricted stock unit award under Royalty Pharma’s 2020 Independent Director Equity Incentive Plan, increasing his direct holdings to 58,393 shares.
What are the vesting terms of Ted W. Love’s new Royalty Pharma (RPRX) RSUs?
The RSUs are scheduled to vest 100% in a single tranche. Vesting occurs on the earlier of the one-year anniversary of the grant date or the date of Royalty Pharma’s next annual shareholder meeting, subject to the equity plan and the related award agreement.
Was Ted W. Love’s Royalty Pharma (RPRX) transaction an open-market buy or a compensation grant?
The transaction was a compensation-related grant, not an open-market buy. It is coded as an “A” transaction, described as a grant, award, or other acquisition, with a price of $0.00 per share under the 2020 Independent Director Equity Incentive Plan.