Sarepta (SRPT) director gets 16,875 RSUs vesting after one year
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mayo Stephen reported acquisition or exercise transactions in this Form 4 filing.
Sarepta Therapeutics director Stephen Mayo received an equity grant in the form of restricted stock units. He was awarded 16,875 RSUs of common stock at no purchase price. Each RSU represents one share of common stock.
The RSUs will vest on the earlier of the one-year anniversary of the grant date and the next annual meeting of stockholders that occurs at least 50 weeks after the prior year’s annual meeting. Following this award, Mayo directly holds 18,640 shares of Sarepta common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mayo Stephen
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,875 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,640 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 16,875 units
Grant price per share: $0.0000 per share
Shares owned after grant: 18,640 shares
+1 more
4 metrics
RSUs granted
16,875 units
Restricted stock units awarded to Stephen Mayo
Grant price per share
$0.0000 per share
Equity compensation award, no purchase price
Shares owned after grant
18,640 shares
Total common shares directly held by Stephen Mayo after transaction
Vesting schedule
Earlier of one-year anniversary or next annual meeting (≥50 weeks after prior)
Conditions for RSU vesting
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"). Each RSU represents the right to receive one share"
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 of the date of grant 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 Stephen Mayo?
Sarepta reported that director Stephen Mayo received a grant of 16,875 restricted stock units. Each RSU represents one share of common stock, awarded at no purchase price, increasing his direct holdings to 18,640 shares after the transaction.
What are the vesting terms of Stephen Mayo’s 16,875 RSUs at Sarepta (SRPT)?
The 16,875 RSUs vest on the earlier of the one-year anniversary of the grant date and Sarepta’s next annual stockholder meeting that occurs at least 50 weeks after the prior year’s annual meeting, aligning vesting with the company’s governance calendar.
Did Stephen Mayo buy or sell Sarepta (SRPT) stock in this Form 4?
The filing shows an acquisition through a grant of 16,875 restricted stock units, not an open-market purchase or sale. The grant was awarded at a price of $0.0000 per share as part of equity compensation, increasing his direct share position.
What type of equity did Sarepta (SRPT) grant to director Stephen Mayo?
Sarepta granted Stephen Mayo restricted stock units, or RSUs, tied to its common stock. Each RSU represents the right to receive one share of common stock, subject to the specified vesting schedule connected to the grant anniversary or the next qualifying annual meeting.