Royalty Pharma (RPRX) director awarded 4,545 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Norden Gregory reported acquisition or exercise transactions in this Form 4 filing.
Royalty Pharma plc director Gregory Norden received a new equity grant. On June 5, 2026, he was awarded 4,545 Class A Ordinary Shares in the form of restricted stock units at a price of $0.00 per share under the company’s 2020 Independent Director Equity Incentive Plan.
The restricted stock units are scheduled to vest 100% on the earlier of the one-year anniversary of the grant date or the date of the next annual shareholders’ meeting, subject to plan and award terms. Following this grant, Norden directly holds 196,348 Class A Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Norden Gregory
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Shares | 4,545 | $0.00 | -- |
Holdings After Transaction:
Class A Ordinary Shares — 196,348 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 4,545 shares
Grant price: $0.00 per share
Post-grant holdings: 196,348 shares
+2 more
5 metrics
RSU grant size
4,545 shares
Restricted stock units granted on June 5, 2026
Grant price
$0.00 per share
Price for 4,545 Class A Ordinary Shares awarded
Post-grant holdings
196,348 shares
Class A Ordinary Shares held directly after the grant
Vesting trigger
1 year or next annual meeting
100% vesting on earlier of these dates, per plan terms
Transaction date
June 5, 2026
Date of RSU grant to director Gregory Norden
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
"an award of restricted stock units under the Issuer's 2020 Independent Director Equity Incentive Plan (the "Plan")"
vest 100% financial
"generally scheduled to vest 100% on the earlier of (i) the one-year anniversary of the grant date"
FAQ
What did Royalty Pharma (RPRX) director Gregory Norden report in this Form 4?
Gregory Norden reported receiving 4,545 Class A Ordinary Shares as a restricted stock unit award. The grant was priced at $0.00 per share and was made under Royalty Pharma’s 2020 Independent Director Equity Incentive Plan, reflecting routine equity-based director compensation.
What are the vesting terms of Gregory Norden’s new Royalty Pharma (RPRX) restricted stock units?
The 4,545 restricted stock units are scheduled to vest 100% on the earlier of the one-year anniversary of the grant date or the date of Royalty Pharma’s next annual shareholders’ meeting, subject to the terms of the 2020 Independent Director Equity Incentive Plan and the specific award agreement.
Is Gregory Norden’s Royalty Pharma (RPRX) transaction a purchase or an award?
The transaction is an award, not an open-market purchase. It is coded as an “A” transaction, described as a grant, award, or other acquisition, and consists of 4,545 restricted stock units granted under Royalty Pharma’s 2020 Independent Director Equity Incentive Plan.
Which plan governs Gregory Norden’s new Royalty Pharma (RPRX) equity grant?
The award is governed by Royalty Pharma’s 2020 Independent Director Equity Incentive Plan. The Form 4 footnote explains that the 4,545 restricted stock units were granted under this plan and are subject to its terms and the applicable award agreement, including the specified vesting schedule.