Spyre Therapeutics (SYRE) director receives stock options for 8,026 shares at $72.51
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spyre Therapeutics, Inc. director Jeffrey W. Albers received a stock option grant covering 8,026 shares of common stock. The option has an exercise price of $72.51 per share and expires on May 27, 2036.
The award vests and becomes fully exercisable upon the earlier of May 27, 2027 or the date of Spyre Therapeutics' 2027 annual meeting of stockholders, as long as Albers continues serving the company through that vesting date. Following this grant, he holds options for 8,026 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Albers Jeffrey W.
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
Underlying common shares: 8,026 shares
+3 more
6 metrics
Option shares granted
8,026 shares
Stock Option (Right to Buy) grant on May 27, 2026
Exercise price
$72.51 per share
Conversion or exercise price of granted option
Underlying common shares
8,026 shares
Common stock underlying the option
Total options after grant
8,026 shares
Total derivative shares following transaction, held directly
Option expiration
May 27, 2036
Expiration date of the stock option
Vesting date trigger
Earlier of May 27, 2027 or 2027 annual meeting
Condition for full vesting, subject to continuous service
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, vest and become fully exercisable, +1 more
5 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.
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The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
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 Jeffrey W. Albers receive in this Form 4?
Jeffrey W. Albers received a stock option grant for 8,026 shares of Spyre Therapeutics common stock. The option is a compensation-related award and does not reflect an open-market stock purchase or sale, but a right to buy shares in the future if exercised.
What is the exercise price and expiration date of the SYRE stock options granted to Jeffrey W. Albers?
The granted stock option has an exercise price of $72.51 per share and expires on May 27, 2036. This means Albers can choose to buy up to 8,026 shares at $72.51 before that expiration date, once the option is vested and exercisable.
When do Jeffrey W. Albers’ Spyre Therapeutics (SYRE) options vest?
The options vest and become fully exercisable on the earlier of May 27, 2027 or the date of Spyre Therapeutics’ 2027 annual meeting of stockholders. Vesting is contingent on Albers maintaining continuous service to the company through the applicable vesting date.
Is the Form 4 transaction for SYRE a stock purchase or sale by Jeffrey W. Albers?
The Form 4 reports a grant of stock options to Albers, classified as an acquisition of a derivative security. It is not an open-market stock purchase or sale, but a compensation award giving him the right to buy 8,026 shares at a fixed exercise price if he chooses.