Shuttle Pharmaceuticals (SHPH): Steven Richards Receives 29,240 RSUs
Rhea-AI Filing Summary
Steven M. Richards, a director of Shuttle Pharmaceuticals Holdings (SHPH), was granted 29,240 Restricted Stock Units (RSUs) on 08/08/2025, as reported on a Form 4 signed 08/12/2025. The filing states each RSU represents the contingent right to receive one share of common stock at no cash price.
One-third of the RSUs will vest on each of 08/08/2026, 08/08/2027 and 08/08/2028, meaning the award converts into a total of 29,240 shares if all vest according to the stated schedule. The Form 4 lists the ownership form as direct and shows the grant was reported under a non-cash equity award.
Positive
- 29,240 RSUs granted to a director, aligning executive interests with shareholder outcomes through equity compensation
- Clear vesting schedule provided: one‑third vests on each of 08/08/2026, 08/08/2027 and 08/08/2028, giving transparent timing for potential share issuance
Negative
- Potential future issuance of up to 29,240 common shares upon vesting (reported as direct ownership) which could increase share count
- No grant value disclosed in the Form 4, so monetary magnitude relative to company size is not specified in the filing
Insights
TL;DR: Routine time‑based equity grant to a director, disclosed via Form 4; vesting over three years.
The Form 4 documents a direct award of 29,240 RSUs to director Steven M. Richards dated 08/08/2025 and filed/signed 08/12/2025. The filing explicitly states each RSU converts to one share and that vesting occurs one‑third annually on 08/08/2026, 08/08/2027 and 08/08/2028. This is a standard director equity compensation disclosure and does not, by itself, indicate unusual governance actions or related‑party transactions beyond routine disclosure requirements.
TL;DR: Time‑based RSU award disclosed; details indicate standard vesting and direct beneficial ownership.
The filing shows the award has $0 price and is structured as Restricted Stock Units with a clear vesting schedule (one‑third each year through 2028). The Form 4 lists the position as Director and reports direct beneficial ownership. These specifics provide clarity on timing of potential share issuance but contain no additional metrics such as grant value or share count relative to outstanding shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 29,240 | $0.00 | -- |
Footnotes (1)
- Each Restricted Stock Unit ("RSU"s) represents the contingent right to receive one share of common stock. One-third of these RSUs will vest on each of 08/08/2026, 08/08/2027 and 08/08/2028.