Sarepta Therapeutics (SRPT) director receives 16,875-share RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chambers Michael Andrew reported acquisition or exercise transactions in this Form 4 filing.
Sarepta Therapeutics director Michael Andrew Chambers reported an equity award of 16,875 shares of common stock in the form of restricted stock units. The RSUs were granted at no cash cost per share and will vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, provided it occurs at least 50 weeks after the prior annual meeting. Following this grant, Chambers holds 27,535 shares directly, in addition to 476,492 shares held indirectly through a revocable trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Chambers Michael Andrew
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,875 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 27,535 shares (Direct, null);
Common Stock — 476,492 shares (Indirect, By Revocable Trust)
Footnotes (1)
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Key Figures
RSU grant size: 16,875 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 27,535 shares
+2 more
5 metrics
RSU grant size
16,875 shares
Restricted stock units granted to director
Grant price per share
$0.00 per share
Stated price for RSU award
Direct holdings after grant
27,535 shares
Common stock directly owned post-transaction
Indirect trust holdings
476,492 shares
Common stock held by revocable trust
RSU-to-share ratio
1 RSU : 1 share
Each RSU represents one share of common stock
Key Terms
restricted stock units ("RSUs"), revocable trust, annual meeting of stockholders
3 terms
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"). Each RSU represents the right to receive one share of common stock."
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.
revocable trust financial
"total_shares_following_transaction ... ownership_type "indirect" and nature_of_ownership "By Revocable Trust""
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
annual meeting of stockholders financial
"The RSUs will vest on earlier of the one-year anniversary of the date of grant and the next annual meeting of stockholders..."
FAQ
What insider transaction did Sarepta Therapeutics (SRPT) report for Michael Andrew Chambers?
Sarepta Therapeutics reported that director Michael Andrew Chambers received 16,875 restricted stock units as an equity award. Each RSU represents one share of common stock and was granted at no cash cost per share, reflecting compensation rather than an open-market purchase.
What are the vesting terms of Michael Andrew Chambers’ new RSUs at Sarepta Therapeutics (SRPT)?
The 16,875 restricted stock units granted to Michael Andrew Chambers vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders. That annual meeting must occur at least 50 weeks after the immediately preceding year’s annual meeting, according to the filing.
Is Michael Andrew Chambers’ Sarepta Therapeutics (SRPT) RSU award a market purchase of shares?
No, the RSU award is compensation, not a market purchase. Chambers received 16,875 restricted stock units at a stated price of $0.00 per share, meaning the shares are granted by the company and will be delivered upon vesting, subject to the specified vesting conditions.