Solid Biosciences (NASDAQ: SLDB) CMO awarded 58,847 RSUs on milestone
Rhea-AI Filing Summary
Brooks Gabriel reported acquisition or exercise transactions in this Form 4 filing.
Solid Biosciences Inc. Chief Medical Officer Brooks Gabriel reported an award of 58,847 restricted stock units (RSUs) tied to performance stock units. Each RSU represents a right to receive one share of common stock as it vests. These RSUs relate to the second of four performance milestones under PSUs originally granted on June 11, 2024.
The Board determined that the performance criteria for the second milestone were met on January 29, 2026. The associated RSUs will vest only if Gabriel continues to serve the company through the Evaluation Date, which is anticipated to occur in the first quarter of 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 58,847 | $0.00 | -- |
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
Key Terms
Restricted Stock Units financial
Performance stock units financial
Performance Milestones financial
non-market and non-financial financial
FAQ
What insider transaction did Solid Biosciences (SLDB) report for Brooks Gabriel?
Brooks Gabriel, Solid Biosciences’ Chief Medical Officer, reported an acquisition of 58,847 restricted stock units. These RSUs stem from performance stock units where the second performance milestone was certified as achieved, making this a compensation-related equity award rather than an open-market stock purchase or sale.
How many RSUs did SLDB’s Chief Medical Officer receive in this Form 4 filing?
The filing shows that Brooks Gabriel was credited with 58,847 restricted stock units. Each RSU represents a contingent right to receive one share of Solid Biosciences common stock, subject to future vesting conditions linked to continued service with the company through a specified evaluation date.
What are the performance conditions behind Solid Biosciences (SLDB) RSUs reported for Brooks Gabriel?
The RSUs arise from performance stock units granted June 11, 2024, tied to four independent performance milestones. Each milestone covers 25% of the target RSUs and is based on non-market and non-financial business objectives certified by the Board on specified evaluation dates.
When are the newly reported RSUs for SLDB’s Brooks Gabriel expected to vest?
The RSUs linked to the second performance milestone will vest only if Brooks Gabriel continues serving the company through the Evaluation Date. That Evaluation Date is anticipated to occur in the first quarter of 2027, according to the performance stock unit terms described in the footnotes.
Were Brooks Gabriel’s SLDB transactions open-market trades or equity compensation?
The reported transaction reflects equity compensation, not open-market trading. Brooks Gabriel received 58,847 restricted stock units as a grant tied to performance stock units, following the Board’s certification that the second performance milestone under the 2024 PSU grant had been achieved.
How are performance milestones structured for SLDB’s 2024 performance stock units?
The 2024 performance stock units provide for four independent performance milestones, each linked to 25% of the target RSUs. Milestones are based on non-market, non-financial business objectives, and vesting occurs only after Board certification and continued service through the applicable evaluation date.