Tarsus CEO receives new stock and RSU awards
Tarsus Pharmaceuticals reported that President, CEO and Board Chair Bobak R. Azamian received new equity awards.
Rhea-AI Filing Summary
Tarsus Pharmaceuticals reported that President, CEO and Board Chair Bobak R. Azamian received new equity awards. He was granted a stock option for 96,723 shares at an exercise price of $0.00 per share and 60,776 Restricted Stock Units, both recorded as awards rather than open-market purchases.
The option will vest 25% on March 5, 2027, with the remaining shares vesting in equal monthly installments over the next three years, subject to his continuous service. The RSUs will vest in four equal annual installments on March 15 of 2027, 2028, 2029 and 2030, also contingent on continued service.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 96,723 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 60,776 | $0.00 | $0.00 |
Footnotes (3)
- F1. 25% of the option shares shall vest on March 5, 2027, and 1/48th of the option shares shall vest each month thereafter for a period of 3 years, subject to the Reporting Person's continuous service.
- F2. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F3. The RSUs will vest in four equal annual installments on March 15th of each of 2027, 2028, 2029, and 2030, subject to the Reporting Person's continuous service.
FAQ
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What insider transactions did Tarsus Pharmaceuticals (TARS) report for Bobak R. Azamian?
How do the new stock options for Tarsus (TARS) CEO Bobak R. Azamian vest?
What are the terms of the Restricted Stock Units granted to Tarsus (TARS) CEO?
Who is the insider involved in the latest Tarsus Pharmaceuticals (TARS) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.