Royalty Pharma (RPRX) director receives 4,545 share unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Royalty Pharma plc director Elizabeth H. Weatherman received an equity award of 4,545 Class A Ordinary Shares in the form of restricted stock units. The grant was made at no cash cost to her and is classified as a compensation-related acquisition, not an open-market purchase.
The restricted stock units are scheduled to vest 100% on the earlier of the one-year anniversary of the grant date or the next annual shareholder meeting, subject to the company’s 2020 Independent Director Equity Incentive Plan and the award agreement. After this grant, she holds 13,103 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WEATHERMAN ELIZABETH H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Shares | 4,545 | $0.00 | -- |
Holdings After Transaction:
Class A Ordinary Shares — 13,103 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 4,545 shares
Post-grant holdings: 13,103 shares
Vesting schedule: 100% cliff vesting
3 metrics
RSU grant size
4,545 shares
Restricted stock units granted to director
Post-grant holdings
13,103 shares
Total Class A Ordinary Shares held directly after transaction
Vesting schedule
100% cliff vesting
Earlier of one-year after grant or next annual shareholder meeting
Key Terms
restricted stock units, 2020 Independent Director Equity Incentive Plan, vest 100%, grant date
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
"scheduled to vest 100% on the earlier of (i) the one-year anniversary"
grant date financial
"the one-year anniversary of the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
What insider transaction did Royalty Pharma (RPRX) report for Elizabeth H. Weatherman?
Royalty Pharma reported that director Elizabeth H. Weatherman received a grant of 4,545 restricted stock units representing Class A Ordinary Shares. The award was issued as equity compensation at no cash cost and increased her direct holdings to 13,103 shares.
Is the recent Royalty Pharma (RPRX) Form 4 a stock purchase or a grant?
The Form 4 shows a grant/award acquisition, not an open-market stock purchase. Director Elizabeth H. Weatherman received 4,545 restricted stock units under Royalty Pharma’s equity incentive plan, classified as a compensation-related award rather than a buy transaction at market prices.
What are the vesting terms of the new Royalty Pharma (RPRX) restricted stock units?
The 4,545 restricted stock units granted to Elizabeth H. Weatherman are generally scheduled to vest 100% on the earlier of the one-year anniversary of the grant date or the next annual shareholder meeting, subject to the 2020 Independent Director Equity Incentive Plan and the award agreement.
What plan governs the latest equity award reported by Royalty Pharma (RPRX)?
The award to Elizabeth H. Weatherman was granted under Royalty Pharma’s 2020 Independent Director Equity Incentive Plan. This plan sets the terms for director equity compensation, including vesting conditions and other requirements that apply to the 4,545 restricted stock units disclosed in the Form 4.