Christopher Hite gains 24,263 Royalty Pharma (RPRX) shares via equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Royalty Pharma plc executive Christopher Hite reported an exempt equity award rather than an open-market trade. On May 6, 2026, an entity associated with him, SCH Investment Partners LLC, acquired 24,263 Class A Ordinary Shares at $0.00 per share in connection with the settlement of Equity Performance Awards, treated as exempt under Rule 16b-3. Following this award, SCH Investment Partners LLC held 709,399 Class A Ordinary Shares indirectly. A separate entry shows 70,000 Class A Ordinary Shares held directly as of the same date, recorded as a holding entry without a reported purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hite Christopher
Role
EVP & Vice Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Shares | 24,263 | $0.00 | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares — 709,399 shares (Indirect, By SCH Investment Partners LLC);
Class A Ordinary Shares — 70,000 shares (Direct, null)
Footnotes (1)
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Key Figures
Awarded shares: 24,263 Class A Ordinary Shares
Award price per share: $0.00 per share
Indirect holdings after award: 709,399 Class A Ordinary Shares
+1 more
4 metrics
Awarded shares
24,263 Class A Ordinary Shares
Exempt acquisition via Equity Performance Awards settlement on May 6, 2026
Award price per share
$0.00 per share
Grant, award, or other acquisition of Class A Ordinary Shares
Indirect holdings after award
709,399 Class A Ordinary Shares
Indirectly held by SCH Investment Partners LLC after exempt acquisition
Directly held shares entry
70,000 Class A Ordinary Shares
Direct holdings line for Christopher Hite as of May 6, 2026
Key Terms
Rule 16b-3, Equity Performance Awards, Class A Ordinary Shares, indirect ownership
4 terms
Rule 16b-3 regulatory
"Reflects the exempt acquisition by the Reporting Person pursuant to Rule 16b-3 of Class A Ordinary Shares"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Equity Performance Awards financial
"in connection with the settlement of Equity Performance Awards"
indirect ownership financial
"nature_of_ownership: By SCH Investment Partners LLC"
FAQ
What insider transaction did Royalty Pharma (RPRX) report for Christopher Hite?
Royalty Pharma reported an exempt equity award for Christopher Hite. SCH Investment Partners LLC, an entity associated with him, acquired 24,263 Class A Ordinary Shares at $0.00 per share as part of settling Equity Performance Awards, increasing its indirect holdings.
What are Christopher Hite’s indirect Royalty Pharma (RPRX) holdings after this Form 4?
After the reported award, SCH Investment Partners LLC held 709,399 Class A Ordinary Shares indirectly linked to Christopher Hite. This figure reflects the position following the 24,263-share exempt acquisition tied to the settlement of Equity Performance Awards on May 6, 2026.
Does the Royalty Pharma (RPRX) Form 4 show any open-market buying or selling?
The Form 4 does not show open-market buying or selling. It reports an exempt acquisition of 24,263 Class A Ordinary Shares at $0.00 per share related to Equity Performance Awards, plus a separate holding entry of 70,000 directly held shares without a trade.