Spyre Therapeutics (SYRE) director receives 8,026 stock options exercisable at $72.51
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spyre Therapeutics, Inc. director Laurie Stelzer received a grant of stock options covering 8,026 shares of common stock. The options carry an exercise price of $72.51 per share and expire on May 27, 2036.
The award will vest and become fully exercisable upon the earlier of May 27, 2027 or the date of Spyre Therapeutics' 2027 annual meeting of stockholders, as long as Stelzer continues to serve the company through that vesting date. Following this grant, she holds 8,026 options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stelzer Laurie
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 8,026 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 8,026 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 8,026 options
Exercise price: $72.51 per share
Expiration date: May 27, 2036
+3 more
6 metrics
Option grant size
8,026 options
Stock Option (Right to Buy) granted to director
Exercise price
$72.51 per share
Conversion or exercise price of the options
Expiration date
May 27, 2036
Option expiration date
Vesting date trigger
May 27, 2027
Earlier of this date or 2027 annual meeting
Underlying shares
8,026 shares
Common stock underlying the options
Options held after grant
8,026 options
Total derivative securities following transaction
Key Terms
Stock Option (Right to Buy), exercise price, vesting, expiration date
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 72.5100"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"will vest and become fully exercisable upon the earlier of May 27, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"expiration_date: 2036-05-27T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What did Spyre Therapeutics (SYRE) director Laurie Stelzer report on this Form 4?
Laurie Stelzer reported receiving a grant of stock options for 8,026 shares of Spyre Therapeutics common stock. The options were awarded at an exercise price of $72.51 per share as compensation and are held directly, with no shares bought or sold in the market.
What are the key terms of Laurie Stelzer’s Spyre Therapeutics (SYRE) stock option grant?
The grant covers 8,026 shares with an exercise price of $72.51 per share and an expiration date of May 27, 2036. These options represent the right, but not the obligation, to purchase Spyre Therapeutics common stock at that fixed price if they vest.
When do Laurie Stelzer’s Spyre Therapeutics (SYRE) options vest?
The options will vest and become fully exercisable on the earlier of May 27, 2027 or the date of Spyre Therapeutics’ 2027 annual stockholders meeting. Vesting is conditioned on Stelzer maintaining continuous service to the company through the applicable vesting date.
How many Spyre Therapeutics (SYRE) options does Laurie Stelzer hold after this transaction?
After this transaction, Laurie Stelzer holds 8,026 stock options directly. Each option is tied to one share of Spyre Therapeutics common stock, giving her the right to purchase that many shares at $72.51 per share if the options vest and are exercised.