Sarepta Therapeutics (SRPT) director receives 16,875 RSUs equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wigzell Hans Lennart Rudolf reported acquisition or exercise transactions in this Form 4 filing.
Sarepta Therapeutics director Hans Lennart Rudolf Wigzell reported a stock-based compensation grant. He was awarded 16,875 restricted stock units (RSUs), each representing one share of Sarepta common stock at no cash cost. The RSUs will vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders that occurs at least 50 weeks after the prior year’s annual meeting. Following this award, Wigzell directly holds 42,098 shares of Sarepta common stock. This represents a routine equity compensation grant rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wigzell Hans Lennart Rudolf
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,875 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 42,098 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 16,875 RSUs
Shares held after transaction: 42,098 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSU grant size
16,875 RSUs
Equity award to director Hans Wigzell
Shares held after transaction
42,098 shares
Direct holdings following RSU grant
Grant price per share
$0.00 per share
RSU award cost to insider
RSU vesting period
1 year or next annual meeting
Vests on earlier of one-year anniversary or qualifying annual meeting
Key Terms
restricted stock units ("RSUs"), annual meeting of stockholders, vest
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.
annual meeting of stockholders financial
"will vest on earlier of the one-year anniversary... and the next annual meeting of stockholders"
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.
FAQ
What insider transaction did Sarepta Therapeutics (SRPT) report for Hans Wigzell?
Sarepta reported that director Hans Lennart Rudolf Wigzell received 16,875 restricted stock units as an equity compensation grant. These RSUs are not an open-market purchase and were awarded at no cash cost to him.
What are the vesting terms of the Sarepta (SRPT) RSUs granted to Hans Wigzell?
The 16,875 RSUs granted to Hans Wigzell will vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders that occurs at least 50 weeks after the prior year’s annual meeting.
What does the transaction code "A" mean in the Sarepta (SRPT) Form 4?
The transaction code "A" in this Form 4 indicates a grant, award, or other acquisition of securities. In this case, it reflects the award of 16,875 restricted stock units to director Hans Wigzell as equity compensation.