Solid Biosciences (SLDB) CEO earns 169,401 RSUs tied to PSUs
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
1 transaction reported
Mixed
1 txn
Insider
Cumbo Alexander
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 169,401 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 169,401 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock (the "RSUs"). 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
RSUs granted: 169,401 units
Underlying common shares: 169,401 shares
Performance tranches: 4 tranches at 25% each
+2 more
5 metrics
RSUs granted
169,401 units
Restricted stock units acquired by CEO on January 29, 2026
Underlying common shares
169,401 shares
Each RSU represents one share of common stock
Performance tranches
4 tranches at 25% each
PSUs vest in four independent 25% performance milestones
Second milestone date
January 29, 2026
Board determined second Performance Milestone was met on this date
Anticipated vesting evaluation
Q1 2027
Evaluation Date for vesting requires continued service through this period
Key Terms
Restricted Stock Units, Performance stock units, Performance Milestones, non-market and non-financial
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
Performance stock units financial
"Performance stock units ("PSUs") were granted on June 11, 2024"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Performance Milestones financial
"four independent performance milestones predetermined by the Board ("Performance Milestones")"
non-market and non-financial financial
"The Performance Milestones are tied to the achievement of certain business objectives ... and are non-market and non-financial in nature"
FAQ
What did Solid Biosciences (SLDB) CEO Alexander Cumbo receive in this Form 4?
Alexander Cumbo received a grant of 169,401 restricted stock units (RSUs), each representing one share of Solid Biosciences common stock. This award reflects a performance-based equity grant rather than an open-market stock purchase or sale.
How are Alexander Cumbo’s RSUs from Solid Biosciences (SLDB) structured?
The RSUs stem from performance stock units granted on June 11, 2024. The award is divided into four independent 25% tranches, each tied to specific performance milestones set by the Board and based on non-market, non-financial business objectives.
Which performance milestone did Solid Biosciences (SLDB) recently certify for the CEO’s award?
The Board determined that the second Performance Milestone was achieved on January 29, 2026. This certification triggers vesting eligibility for 25% of the target RSUs, subject to Alexander Cumbo’s continued service through a future Evaluation Date.
When will Alexander Cumbo’s newly earned RSUs in Solid Biosciences (SLDB) actually vest?
Shares related to the second Performance Milestone will vest only if Alexander Cumbo remains in service on the Evaluation Date, anticipated in the first quarter of 2027. Until then, the RSUs represent a contingent right to receive common shares.
Are the Solid Biosciences (SLDB) CEO’s performance criteria based on stock price or financial targets?
The filing states that Performance Milestones are non-market and non-financial in nature. They are tied to achieving specific business objectives certified by the Board on specified evaluation dates, rather than stock price or traditional financial metrics.