Director at Sarepta (NASDAQ: SRPT) receives 16,875 RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nicaise Claude reported acquisition or exercise transactions in this Form 4 filing.
Sarepta Therapeutics director Claude Nicaise received a grant of 16,875 shares of common stock in the form of restricted stock units (RSUs). The RSUs were granted at no cash cost per share and increase his directly held position to 48,407 shares of common stock.
Each RSU represents the right to receive one share of Sarepta common stock. The RSUs will vest on the earlier of one year from the grant date or the next annual meeting of stockholders that occurs at least 50 weeks after the prior year’s annual meeting, aligning vesting with the company’s annual meeting cycle.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nicaise Claude
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,875 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 48,407 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 16,875 shares
Grant price per share: $0.00 per share
Shares held after grant: 48,407 shares
+1 more
4 metrics
RSU grant size
16,875 shares
Restricted stock units granted to director Claude Nicaise
Grant price per share
$0.00 per share
Stated transaction price for RSU grant
Shares held after grant
48,407 shares
Total direct Sarepta common shares following transaction
Vesting trigger
Earlier of one year or next annual meeting
RSUs vest on earlier of one-year anniversary or next qualifying stockholders’ meeting
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"). 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.
vest financial
"The RSUs will vest on earlier of the one-year anniversary of the date of grant and the next annual meeting of stockholders..."
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 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) disclose for Claude Nicaise?
Sarepta disclosed that director Claude Nicaise received a grant of 16,875 restricted stock units, each representing one share of common stock. The award was reported as a Form 4 transaction and increased his directly held position to 48,407 shares after the grant.
When do Claude Nicaise’s new Sarepta (SRPT) RSUs vest?
The RSUs will vest on the earlier of the one-year anniversary of the grant date or the next annual stockholders’ meeting that occurs at least 50 weeks after the prior year’s meeting. This structure ties vesting to Sarepta’s annual governance calendar.
Is Claude Nicaise’s Sarepta (SRPT) RSU grant an open-market purchase or compensation?
The transaction is a compensation-related RSU grant, not an open-market share purchase. It was reported with transaction code “A” for a grant, award, or other acquisition, with a transaction price of $0.00 per share as typical for equity awards.