First Tracks Biotherapeutics (TRAX) reports 16,667 performance stock units
Rhea-AI Filing Summary
First Tracks Biotherapeutics, Inc. updated an insider ownership report for Chief Business Officer Benjamin Stone to reflect holdings of 16,667 performance stock units (PSUs), each tied to common stock. The PSUs vest and settle over two years: 50% on March 12, 2027 and 50% on March 12, 2028, subject to his continued service on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STONE BENJAMIN
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Unit F1 | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit — 16,667 shares (Direct)
Footnotes (1)
- F1. The PSUs vest and settle over two years; 50% vests on March 12, 2027 and 50% vests on March 12, 2028, subject to the continuing service of the Reporting Person on each vesting date.
Key Figures
Performance stock units held: 16,667 performance stock units
Underlying common shares: 16,667 shares
Exercise price: $0.0000
+2 more
5 metrics
Performance stock units held
16,667 performance stock units
Holdings of Chief Business Officer Benjamin Stone after the amendment
Underlying common shares
16,667 shares
Common stock underlying the reported performance stock units
Exercise price
$0.0000
Conversion or exercise price for the performance stock units
Vesting on March 12, 2027
50%
Portion of PSUs vesting and settling on March 12, 2027
Vesting on March 12, 2028
50%
Portion of PSUs vesting and settling on March 12, 2028
Key Terms
Performance Stock Unit, PSUs, vesting, underlying security
4 terms
Performance Stock Unit financial
"security_title: "Performance Stock Unit""
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
PSUs financial
"The PSUs vest and settle over two years; 50% vests on March 12, 2027"
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
vesting financial
"The PSUs vest and settle over two years; 50% vests on March 12, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
underlying security financial
"underlying_security_title: "Common Stock" as the underlying security"
FAQ
What insider equity holding does First Tracks Biotherapeutics (TRAX) report for Benjamin Stone?
The report shows Chief Business Officer Benjamin Stone holding 16,667 performance stock units (PSUs) linked to common stock, with vesting and settlement occurring over a two-year period, subject to his continued service on specified vesting dates.
How do the 16,667 performance stock units for TRAX’s Benjamin Stone vest?
The 16,667 PSUs vest and settle in two equal tranches: 50% on March 12, 2027 and 50% on March 12, 2028, provided Benjamin Stone continues to serve the company on each respective vesting date.
What is the underlying security for Benjamin Stone’s performance stock units at TRAX?
Each performance stock unit held by Benjamin Stone is tied to common stock. The report notes 16,667 underlying common shares associated with these PSUs, reflecting potential future share delivery as vesting and settlement conditions are met.
What exercise or conversion price applies to Benjamin Stone’s TRAX performance stock units?
The performance stock units are reported with a conversion or exercise price of $0.0000. This indicates no cash exercise price is stated for the settlement into underlying common stock when vesting conditions are satisfied.
Is the reported 16,667 PSUs position for TRAX a new transaction or a holdings update?
The report is described as an update to reflect 16,667 performance stock units held by Benjamin Stone. It functions as a holdings clarification rather than detailing a new buy or sell transaction in the company’s securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
