Sarepta (SRPT) awards director Barry Richard 16,875 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Barry Richard reported acquisition or exercise transactions in this Form 4 filing.
Sarepta Therapeutics, Inc. reported that director Barry Richard received a grant of 16,875 shares of Common Stock as restricted stock units (RSUs) at a price of $0.00 per share. These RSUs will vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders that is at least 50 weeks after the prior year's annual meeting.
Following this grant, Richard directly holds 2,983,542 shares of Sarepta common stock. He also has indirect ownership of 10,000 shares through an LLC and 240,000 shares through a trust, as reported in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Barry Richard
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,875 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,983,542 shares (Direct, null);
Common Stock — 240,000 shares (Indirect, By Trust)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 16,875 shares
Grant price: $0.00 per share
Direct holdings after grant: 2,983,542 shares
+2 more
5 metrics
RSU grant size
16,875 shares
Restricted stock units granted to Barry Richard
Grant price
$0.00 per share
Price per share for RSU award
Direct holdings after grant
2,983,542 shares
Barry Richard direct Sarepta common stock position
Indirect LLC holdings
10,000 shares
Indirect ownership by LLC
Indirect trust holdings
240,000 shares
Indirect ownership by trust
Key Terms
restricted stock units ("RSUs"), vest, annual meeting of stockholders
3 terms
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest financial
"The RSUs will vest on earlier of the one-year anniversary of the date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of stockholders financial
"the next annual meeting of stockholders which is at least 50 weeks after"
FAQ
What insider transaction did Sarepta Therapeutics (SRPT) report for Barry Richard?
Sarepta Therapeutics reported that director Barry Richard received 16,875 restricted stock units of common stock. The Form 4 shows this as a compensation-related grant, not an open-market purchase or sale, with the RSUs converting into shares upon vesting.
What are the vesting terms of Barry Richard’s Sarepta (SRPT) RSU award?
The RSUs granted to Barry Richard will vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders. That stockholder meeting must occur at least 50 weeks after the preceding year's annual meeting, according to the footnote.
What indirect Sarepta (SRPT) holdings are reported for Barry Richard?
The filing shows 10,000 shares of Sarepta common stock held indirectly through an LLC and 240,000 shares held through a trust. These positions are classified as indirect ownership, separate from Barry Richard’s directly held 2,983,542-share stake.