Protara Therapeutics (TARA) CCO granted 158,000 options and RSUs
Rhea-AI Filing Summary
Protara Therapeutics reported new equity awards for its Chief Commercial Officer, William Conkling. On January 16, 2026, he received 26,000 shares of common stock at no cost, issued as restricted stock units. These RSUs vest in three equal installments on the first, second, and third anniversaries of January 16, 2026, as long as he remains with the company.
He was also granted stock options covering 158,000 shares of common stock at an exercise price of $5.01 per share, expiring on January 15, 2036. For these options, 25% of the shares vest on the one-year anniversary of January 16, 2026, and the remaining 75% vest in equal monthly installments over the following three years, contingent on continued service. After these grants, he directly holds 76,000 common shares and 158,000 options.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 158,000 | $0.00 | -- |
| Grant/Award | Common Stock | 26,000 | $0.00 | -- |
Footnotes (1)
- The shares being reported are being issued pursuant to restricted stock unit awards (RSUs), each of which represents a contingent right to receive one share of Issuer's common stock. The RSUs vest in equal one third installments on the first, second and third anniversaries of January 16, 2026, subject to the Reporting Person's continuous service with the Issuer as of each such date. 25% of the shares vest on the one year anniversary of January 16, 2026 and 1/48th of the shares vest monthly thereafter over the next three years, subject to the Reporting Person's continuous service with the Issuer as of each such date.