Royalty Pharma (RPRX) awards 4,545 RSUs to board director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Engelbert Catherine M. reported acquisition or exercise transactions in this Form 4 filing.
Royalty Pharma plc director Catherine M. Engelbert received an equity award of 4,545 Class A Ordinary Shares in the form of restricted stock units. The award was granted at no cash cost to her and was made under the company’s 2020 Independent Director Equity Incentive Plan.
The restricted stock units are generally scheduled to vest 100% on the earlier of the one-year anniversary of the grant date or the next annual meeting of shareholders, subject to plan and award terms. Following this grant, Engelbert directly holds 55,673 Class A Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Engelbert Catherine M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Shares | 4,545 | $0.00 | -- |
Holdings After Transaction:
Class A Ordinary Shares — 55,673 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 4,545 shares
Grant price: $0.0000 per share
Shares owned after grant: 55,673 shares
+1 more
4 metrics
RSUs granted
4,545 shares
Restricted stock units of Class A Ordinary Shares granted to director
Grant price
$0.0000 per share
Reported transaction price per share for the RSU award
Shares owned after grant
55,673 shares
Total Class A Ordinary Shares directly held by Engelbert after transaction
Vesting trigger
Earlier of one year or next annual meeting
Schedule for 100% vesting of the restricted stock units
Key Terms
restricted stock units, Equity Incentive Plan, vest
3 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.
Equity Incentive Plan financial
"under the Issuer's 2020 Independent Director Equity Incentive Plan (the "Plan")"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
vest financial
"generally scheduled to vest 100% on the earlier of (i) the one-year anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Royalty Pharma (RPRX) disclose about Catherine M. Engelbert’s latest equity award?
Royalty Pharma reported that director Catherine M. Engelbert received 4,545 restricted stock units of Class A Ordinary Shares. The grant was made under the 2020 Independent Director Equity Incentive Plan at no cash cost to her.
What type of security was granted to Catherine M. Engelbert by Royalty Pharma (RPRX)?
She was granted restricted stock units representing 4,545 Class A Ordinary Shares of Royalty Pharma. These units are an equity-based award under the 2020 Independent Director Equity Incentive Plan, rather than a cash payment.
When do Catherine M. Engelbert’s new Royalty Pharma restricted stock units vest?
The restricted stock units generally vest 100% on the earlier of the one-year anniversary of the grant date or the next annual meeting of shareholders. Vesting remains subject to the terms of the plan and the applicable award agreement.