Tarsus director exercises RSUs for 2,954 shares
Tarsus Pharmaceuticals director Scott W. Morrison reported a routine equity compensation event.
Rhea-AI Filing Summary
Tarsus Pharmaceuticals director Scott W. Morrison reported a routine equity compensation event. On June 12, 2026, 2,954 Restricted Stock Units (RSUs) vested and were settled into 2,954 shares of common stock at a per-share price of $0.00, reflecting a derivative exercise.
Following this settlement, Morrison directly held 7,638 shares of Tarsus common stock. He also indirectly held 6,016 shares through the Morrison-Minton Family 2004 Trust, where he serves as trustee and he and his spouse are the sole beneficiaries. No open-market purchases or sales were reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,954 shares exercised/converted
Exercise
3 txns
Insider
Morrison Scott W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,954 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,954 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 7,638 shares (Direct);
Common Stock — 6,016 shares (Indirect, By Morrison-Minton Family 2004 Trust)
Footnotes (4)
- F1. The shares were issued pursuant to settlement of vested Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Company's common stock.
- F2. The Reporting Person is trustee of the Morrison-Minton Family 2004 Trust, and the Reporting Person and his spouse are the sole beneficiaries of the trust.
- F3. Each RSU represents a contingent right to receive one share of the Company's common stock.
- F4. RSUs granted on June 12, 2025, in connection with the Reporting Person's service as a non-employee director as of the Company's 2025 annual meeting of stockholders. The RSUs will vest in full on the one-year anniversary of the date of grant, subject to the non-employee director's continuous service.
Key Figures
RSUs settled: 2,954 shares
Settlement price: $0.00 per share
Direct holdings after transaction: 7,638 shares
+2 more
5 metrics
RSUs settled
2,954 shares
RSUs converted to common stock on June 12, 2026
Settlement price
$0.00 per share
RSU-to-common stock conversion price
Direct holdings after transaction
7,638 shares
Common stock directly owned after RSU settlement
Indirect trust holdings
6,016 shares
Common stock held via Morrison-Minton Family 2004 Trust
Derivative exercises
1 transaction, 2,954 shares
Exercise/conversion events in this Form 4
Key Terms
Restricted Stock Units, derivative exercise/conversion, Morrison-Minton Family 2004 Trust, non-employee director
4 terms
Restricted Stock Units financial
"The shares were issued pursuant to settlement of vested Restricted Stock Units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for the RSU settlement."
Morrison-Minton Family 2004 Trust financial
"By Morrison-Minton Family 2004 Trust, and the Reporting Person and his spouse are the sole beneficiaries."
non-employee director financial
"RSUs granted on June 12, 2025, in connection with the Reporting Person's service as a non-employee director."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Tarsus (TARS) director Scott W. Morrison report?
Scott W. Morrison reported the vesting and settlement of 2,954 RSUs into common stock. This was a compensation-related derivative exercise, not an open-market trade, and reflects stock-based pay tied to his role as a non-employee director.
Were there any open-market buys or sells by Scott W. Morrison in this TARS Form 4?
No open-market buys or sells were reported. The filing only shows a derivative exercise where 2,954 RSUs converted into an equal number of common shares at $0.00 per share, consistent with stock-based compensation vesting.
What are the Restricted Stock Units mentioned in the Tarsus (TARS) Form 4?
The Restricted Stock Units, or RSUs, each represent a right to receive one Tarsus common share. These RSUs vested and were settled into 2,954 common shares, reflecting equity compensation for Morrison’s service as a non-employee director.
How are the Morrison-Minton Family 2004 Trust holdings in Tarsus (TARS) described?
The filing shows 6,016 shares of Tarsus common stock held indirectly via the Morrison-Minton Family 2004 Trust. Morrison is the trustee, and he and his spouse are the sole beneficiaries of this trust.
Were the RSUs in the Tarsus (TARS) Form 4 tied to Morrison’s board service?
Yes. Footnotes state the RSUs were granted on June 12, 2025 in connection with Morrison’s role as a non-employee director, vesting in full on the one-year anniversary of the grant date, subject to continuous service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
