TG Therapeutics (NASDAQ: TGTX) grants CEO 622K performance shares
Rhea-AI Filing Summary
TG Therapeutics reported that CEO and director Michael S. Weiss received a grant of 622,000 shares of restricted common stock on January 8, 2026. The shares were granted at a price of $0 per share and are subject to performance-based vesting. They will vest on the first anniversary of the date on which the company’s total shareholder return first exceeds the return of the Nasdaq Biotechnology Index over a 3-, 5-, 7-, or 9-year period. Following this award, Weiss beneficially owned 9,778,086 shares of common stock, including other restricted shares that vest over various time periods.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 622,000 | $0.00 | -- |
Footnotes (1)
- Reflects a grant of restricted shares, all of which will vest on the first anniversary of the date on which the first of any of the following occur: (i) the Company's total shareholder return (TSR) exceeds the TSR of the Nasdaq Biotechnology Index (NBI) over a 3-year period; (ii) the Company's TSR exceeds the TSR of the NBI over a 5-year period; (iii) the Company's TSR exceeds the TSR of the NBI over a 7-year period; or (iv) the Company's TSR exceeds the TSR of the NBI over a 9-year period. Includes shares of restricted Common Stock, which vest over various time periods.
FAQ
What did TG Therapeutics (TGTX) disclose in this Form 4 filing?
The filing shows that CEO and director Michael S. Weiss received a grant of 622,000 shares of restricted common stock on January 8, 2026, with performance-based vesting conditions.
Is this TG Therapeutics Form 4 transaction a purchase, sale, or award?
The transaction is coded "A" for acquisition and represents an equity award of restricted shares to the CEO, not an open-market purchase or sale.