Schrödinger (NASDAQ: SDGR) director receives new RSU and stock option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schrödinger, Inc. director Michael Lynton received new equity awards as part of his compensation. He was granted 8,141 restricted stock units under the company’s 2022 Equity Incentive Plan, each representing one share of common stock. These RSUs vest on the earlier of the twelve‑month anniversary of the June 22, 2026 grant date or the next annual shareholder meeting, subject to continued service, and settlement is deferred until separation from service or certain change in control events.
He also received a stock option covering 13,313 shares of common stock at an exercise price of $15.23 per share, vesting on the same schedule. Following these grants, he directly holds 25,388 shares of common stock, including the 8,141 unvested RSUs, and 13,313 stock options that expire on June 22, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lynton Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 13,313 | $0.00 | -- |
| Grant/Award | Common Stock | 8,141 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 13,313 shares (Direct, null);
Common Stock — 25,388 shares (Direct, null)
Footnotes (1)
- Grant of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan, as amended. Each RSU represents a contingent right to receive one share of common stock of the Issuer. The RSUs were granted on June 22, 2026 and shall vest on the twelve-month anniversary of the date of grant of the award (or, if earlier, the date of the next annual meeting of stockholders following the date of grant of the award), subject to continued service. The settlement of such RSUs will be deferred until the earlier of (i) the 30th day following the reporting person's separation from service from the Issuer or (ii) certain change in control events. Includes 8,141 unvested RSUs. The option was granted on June 22, 2026 under the Issuer's 2022 Equity Incentive Plan, as amended. The award shall vest on the twelve-month anniversary of the date of grant of the award (or, if earlier, the date of the next annual meeting of stockholders following the date of grant of the award), subject to continued service.
Key Figures
RSUs granted: 8,141 RSUs
Options granted: 13,313 options
Option exercise price: $15.23 per share
+3 more
6 metrics
RSUs granted
8,141 RSUs
Equity award granted June 22, 2026 under 2022 Equity Incentive Plan
Options granted
13,313 options
Stock option grant on June 22, 2026
Option exercise price
$15.23 per share
Strike price for 13,313-share stock option
Shares after transaction
25,388 shares
Total common shares directly held following equity grants
Option expiration
June 22, 2036
Expiration date of 13,313-share stock option grant
Unvested RSUs included
8,141 RSUs
Unvested RSUs included in post-transaction share total
Key Terms
restricted stock units, 2022 Equity Incentive Plan, stock option, change in control events
4 terms
restricted stock units financial
"Grant of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan, as amended."
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.
2022 Equity Incentive Plan financial
"Grant of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan, as amended."
stock option financial
"The option was granted on June 22, 2026 under the Issuer's 2022 Equity Incentive Plan, as amended."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
change in control events financial
"The settlement of such RSUs will be deferred until the earlier of ... or (ii) certain change in control events."
FAQ
What did Schrodinger (SDGR) director Michael Lynton report on this Form 4?
Michael Lynton reported receiving equity awards from Schrodinger as compensation. He was granted restricted stock units and stock options under the 2022 Equity Incentive Plan, both vesting over about one year, rather than buying or selling shares in the open market.
How many RSUs did Michael Lynton receive from Schrodinger (SDGR)?
He received 8,141 restricted stock units. Each RSU represents a contingent right to one share of Schrodinger common stock, subject to vesting conditions and deferred settlement until separation from service or certain change in control events described in the award terms.
What are the terms of Michael Lynton’s new stock options at Schrodinger (SDGR)?
He received a stock option covering 13,313 shares of Schrodinger common stock at an exercise price of $15.23 per share. The option vests on the earlier of the twelve‑month anniversary of June 22, 2026 or the next annual shareholder meeting and expires on June 22, 2036.
When do Michael Lynton’s new RSUs and options at Schrodinger (SDGR) vest?
Both the RSUs and stock options vest on the twelve‑month anniversary of the June 22, 2026 grant date or, if earlier, on the date of the next annual meeting of stockholders. Vesting is conditioned on Mr. Lynton’s continued service with the company.
Do the Schrodinger (SDGR) RSUs granted to Michael Lynton settle immediately at vesting?
No, settlement of the RSUs is deferred. Shares are delivered on the earlier of the 30th day after Mr. Lynton’s separation from service or upon certain change in control events, even though vesting generally occurs around the next annual meeting or one year from grant.