TG Therapeutics director granted 8,325 stock units
Lonial Sagar reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Lonial Sagar reported acquisition or exercise transactions in this Form 4 filing.
TG Therapeutics director Sagar Lonial received a grant of 8,325 stock tracking units. Each unit is a contingent right to either one share of common stock or a cash payment equal to the fair market value of one share, generally within 30 days after the first anniversary of grant. The units vest on that first anniversary if he remains in continuous service, and this filing shows 8,325 units held after the grant.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Tracking Unit | 8,325 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each stock tracking unit ("STU") represents a contingent right to receive either (determined at the sole discretion of the committee of the Board of Directors of the Issuer that administers the Issuer's 2022 Incentive Plan) (i) one share of the Issuer's common stock or (ii) a cash payment equal to the fair market value of one share of the Issuer's common stock, no later than thirty (30) days after the first anniversary of the date of grant.
- F2. Provided the Reporting Person remains in continuous service with the Issuer through the vesting date, the STUs shall vest upon the first anniversary of the date of grant.
Key Figures
Key Terms
Stock Tracking Unit financial
contingent right financial
fair market value financial
vesting financial
continuous service financial
FAQ
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What insider transaction did TG Therapeutics (TGTX) report for Sagar Lonial?
What is a stock tracking unit in the TG Therapeutics (TGTX) Form 4?
When do Sagar Lonial’s TG Therapeutics (TGTX) stock tracking units vest?
How many TG Therapeutics (TGTX) stock tracking units does Sagar Lonial hold after this grant?
Is Sagar Lonial’s TG Therapeutics (TGTX) award a cash purchase or market trade?
AI-generated analysis. How Rhea-AI works. Not financial advice.