TECX CFO granted 7,500 performance stock options
Tectonic Therapeutic, Inc. reported that Chief Financial Officer Daniel Lochner received a grant of performance stock options covering 7,500 shares of common stock.
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Rhea-AI Filing Summary
Tectonic Therapeutic, Inc. reported that Chief Financial Officer Daniel Lochner received a grant of performance stock options covering 7,500 shares of common stock. The options have an exercise price of $16.80 per share, expire on June 19, 2034, and are fully vested and immediately exercisable as of June 1, 2026. The 7,500 shares represent 50% of a larger performance-based award already earned after the board certified certain performance goals, while the remaining 50% will be earned only if additional performance criteria are met.
Insights
CFO received 7,500 fully vested performance stock options as routine pay.
Chief Financial Officer Daniel Lochner was granted performance stock options for 7,500 shares of Tectonic Therapeutic common stock at an exercise price of $16.80 per share. This award reflects performance already certified by the board on June 11, 2026.
The footnotes explain that these options are part of a larger performance-based package, with this portion representing 50% of the total award earned so far. The remaining 50% depends on additional performance criteria, underscoring an incentive structure tied directly to company results.
The options are fully vested and immediately exercisable as of June 1, 2026, meaning the CFO can convert them into shares at any time before the June 19, 2034 expiration. As a compensation-related, non-market transaction, this filing is generally neutral from a trading-sentiment standpoint.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Option (Right to Buy) | 7,500 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents the number of shares earned under a performance-based stock option award based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based conditions of the option award, the option was not reportable under Section 16 until the performance conditions were certified by the Issuer's Board of Directors, which occurred on June 11, 2026. The option reported on this form represents 50% of the total number of shares underlying the performance option subject to the option award. The remaining 50% of the shares will be earned upon the satisfaction of additional performance criteria.
- F2. The shares underlying the option are fully vested and immediately exercisable as of June 1, 2026.
Key Figures
Key Terms
Performance Stock Option financial
performance-based stock option award financial
Section 16 regulatory
vested and immediately exercisable financial
performance criteria financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Tectonic Therapeutic (TECX) disclose about CFO Daniel Lochner in this Form 4?
What is the exercise price and expiration date of the TECX CFO’s performance stock options?
When did Tectonic Therapeutic’s board certify the performance criteria for these options?
Are the TECX CFO’s performance stock options already vested and exercisable?
What portion of the TECX performance option award remains subject to future performance?
AI-generated analysis. How Rhea-AI works. Not financial advice.