Spyre Therapeutics (SYRE) director receives option grant for 8,026 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spyre Therapeutics, Inc. director Mark C. McKenna received a grant of stock options covering 8,026 shares of common stock. These options carry an exercise price of $72.51 per share and expire on May 27, 2036.
The options will vest and become fully exercisable upon the earlier of May 27, 2027 or the date of Spyre Therapeutics’ 2027 annual meeting of stockholders, provided McKenna continues serving the company through the vesting date. After this grant, he holds 8,026 derivative securities directly from this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McKenna Mark C.
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 shares granted: 8,026 shares
Exercise price: $72.51 per share
Expiration date: May 27, 2036
+1 more
4 metrics
Option shares granted
8,026 shares
Stock option grant to director on May 27, 2026
Exercise price
$72.51 per share
Stock option strike price
Expiration date
May 27, 2036
Option term end date
Vesting date trigger
Earlier of May 27, 2027 or 2027 annual meeting
Vesting condition, subject to continuous service
Key Terms
Stock Option (Right to Buy), exercise price, vest and become fully exercisable, continuous service
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.
vest and become fully exercisable financial
"which will vest and become fully exercisable upon the earlier of May 27, 2027"
continuous service financial
"subject to the Reporting Person's continuous service to the Issuer"
FAQ
What did Spyre Therapeutics (SYRE) director Mark C. McKenna report on this Form 4?
Mark C. McKenna reported receiving a stock option grant for 8,026 shares of Spyre Therapeutics common stock. The award is a compensation-related acquisition, not an open-market purchase or sale, and is structured as a right to buy shares in the future.
What is the exercise price and expiration date of McKenna’s Spyre Therapeutics (SYRE) option grant?
The option has an exercise price of $72.51 per share and expires on May 27, 2036. This means McKenna can purchase shares at $72.51 up until that expiration date once the option is vested and exercisable.
When do Mark C. McKenna’s Spyre Therapeutics (SYRE) options vest?
The options vest and become fully exercisable on the earlier of May 27, 2027 or Spyre Therapeutics’ 2027 annual meeting of stockholders. Vesting is conditioned on McKenna’s continuous service to the company through the applicable vesting date.
Is McKenna’s Spyre Therapeutics (SYRE) Form 4 transaction a market purchase or sale?
No, this Form 4 reflects a compensation-related stock option grant, coded as an acquisition (A). It is not an open-market buy or sell; instead, it grants McKenna the right to buy shares in the future at a fixed exercise price.