Solid Biosciences CEO receives 169,401 RSUs
Solid Biosciences Inc. reported that President and CEO Alexander Cumbo acquired 169,401 restricted stock units (RSUs), each representing one share of common stock.
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Rhea-AI Filing Summary
Solid Biosciences Inc. reported that President and CEO Alexander Cumbo acquired 169,401 restricted stock units (RSUs), each representing one share of common stock. These RSUs relate to performance stock units granted on June 11, 2024, which vest in four 25% performance tranches.
The Board determined that the performance criteria for the second Performance Milestone were met on January 29, 2026. Shares tied to this milestone will vest only if Cumbo continues serving with the company through the Evaluation Date, which is anticipated in the first quarter of 2027.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 169,401 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock (the "RSUs").
- F2. Performance stock units ("PSUs") were granted on June 11, 2024, and provide for the vesting of 25% of the target number of underlying RSUs granted upon the achievement of each of four independent performance milestones predetermined by the Board ("Performance Milestones"). The Performance Milestones are tied to the achievement of certain business objectives, as certified by the Board on specified evaluation dates, and are non-market and non-financial in nature. The performance criteria specified for the second Performance Milestone was determined by the Board to be met on January 29, 2026, and the shares related to such Performance Milestone will vest subject to the grantee's continued service with the Company on the Evaluation Date, which is anticipated to occur in the first quarter of 2027.
Key Figures
Key Terms
Restricted Stock Units financial
Performance stock units financial
Performance Milestones financial
non-market and non-financial financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Solid Biosciences (SLDB) CEO Alexander Cumbo receive in this Form 4?
How are Alexander Cumbo’s RSUs from Solid Biosciences (SLDB) structured?
Which performance milestone did Solid Biosciences (SLDB) recently certify for the CEO’s award?
When will Alexander Cumbo’s newly earned RSUs in Solid Biosciences (SLDB) actually vest?
Are the Solid Biosciences (SLDB) CEO’s performance criteria based on stock price or financial targets?
AI-generated analysis. How Rhea-AI works. Not financial advice.