Shuttle Pharmaceuticals Grants 29,240 RSUs to Board Director (SHPH)
Rhea-AI Filing Summary
George Scorsis, a director of Shuttle Pharmaceuticals Holdings (SHPH), was granted 29,240 Restricted Stock Units (RSUs) on 08/08/2025. Each RSU represents the contingent right to receive one share of common stock. The award is reported as direct beneficial ownership by the reporting person.
One-third of the RSUs vest on each of 08/08/2026, 08/08/2027 and 08/08/2028, meaning up to 29,240 common shares may be issued to satisfy the award over three years if vesting conditions are met. The grant is a standard equity compensation award for a board member with a multi-year retention schedule.
Positive
- 29,240 RSUs granted to director George Scorsis
- Vesting schedule is explicit: one-third on 08/08/2026, 08/08/2027 and 08/08/2028
Negative
- None.
Insights
TL;DR: Routine director equity grant of 29,240 RSUs with three-year vesting; governance impact appears standard and non-disruptive.
The Form 4 shows a non-derivative-based equity compensation award in the form of 29,240 Restricted Stock Units granted to director George Scorsis on 08/08/2025. The RSUs are direct beneficial ownership and vest one-third annually on 08/08/2026, 08/08/2027 and 08/08/2028. From a governance perspective, this is a typical retention and alignment mechanism for a board member. The filing does not disclose any accelerated vesting triggers or related-party transaction terms beyond the basic grant and schedule, so material governance concerns are not evident from the document alone.
TL;DR: A standard RSU award totaling 29,240 units with staged vesting over three years; compensation outcomes depend on settlement terms not detailed here.
The report specifies 29,240 RSUs, each converting to one share upon vesting, exercisable under a schedule of one-third on each of 08/08/2026, 08/08/2027 and 08/08/2028. The conversion price is shown as $0, consistent with RSUs that settle in shares rather than requiring purchase. The Form 4 indicates direct ownership post-grant. The filing lacks additional compensation plan details such as performance conditions, settlement timing, or withholding treatment, so assessment of total cost or dilutive impact to shareholders cannot be quantified from this document alone.