Travere Therapeutics (TVTX) director granted shares and 12,000 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meckler Jeffrey A reported acquisition or exercise transactions in this Form 4 filing.
Travere Therapeutics director Jeffrey A. Meckler received new equity compensation. He was granted 4,000 shares of common stock and 12,000 stock options as an automatic equity grant under Travere’s 2018 Equity Incentive Plan and non-employee director compensation program.
The options give him the right to buy 12,000 shares of common stock at $42.26 per share and expire on May 19, 2036. The equity award vests over a one year period. After the grant, he directly owns 91,500 common shares and holds 12,000 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Meckler Jeffrey A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 12,000 | $0.00 | -- |
| Grant/Award | Common Stock | 4,000 | $0.00 | -- |
Holdings After Transaction:
Stock option (right to buy) — 12,000 shares (Direct, null);
Common Stock — 91,500 shares (Direct, null)
Footnotes (1)
- Automatic equity grant under the Issuer's 2018 Equity Incentive Plan, as amended, pursuant to the non-employee director compensation program. The equity award vests over a one year period.
Key Figures
Common stock grant: 4,000 shares
Stock options granted: 12,000 options
Option exercise price: $42.26/share
+3 more
6 metrics
Common stock grant
4,000 shares
Automatic equity grant on May 19, 2026
Stock options granted
12,000 options
Right to buy common stock granted May 19, 2026
Option exercise price
$42.26/share
Conversion or exercise price for 12,000 options
Option expiration
May 19, 2036
Expiration date of the stock options
Shares owned after grant
91,500 shares
Common stock directly owned following the transaction
Options held after grant
12,000 options
Total stock options directly held following the transaction
Key Terms
Automatic equity grant, 2018 Equity Incentive Plan, non-employee director compensation program, equity award vests over a one year period, +1 more
5 terms
Automatic equity grant financial
"Automatic equity grant under the Issuer's 2018 Equity Incentive Plan, as amended, pursuant to the non-employee director compensation program."
2018 Equity Incentive Plan financial
"Automatic equity grant under the Issuer's 2018 Equity Incentive Plan, as amended, pursuant to the non-employee director compensation program."
non-employee director compensation program financial
"Automatic equity grant under the Issuer's 2018 Equity Incentive Plan, as amended, pursuant to the non-employee director compensation program."
equity award vests over a one year period financial
"The equity award vests over a one year period."
Stock option (right to buy) financial
"Stock option (right to buy) listed as a derivative security with 12,000 underlying shares."
FAQ
What did Travere Therapeutics (TVTX) director Jeffrey Meckler receive in this Form 4?
Jeffrey Meckler received an automatic equity grant consisting of 4,000 shares of Travere Therapeutics common stock and 12,000 stock options. These awards were made under the company’s 2018 Equity Incentive Plan and its non-employee director compensation program.
Are Jeffrey Meckler’s new Travere (TVTX) awards open-market purchases?
No, the Form 4 shows compensation awards, not open-market purchases. The 4,000 shares and 12,000 options were granted automatically under Travere’s 2018 Equity Incentive Plan as part of the non-employee director compensation program.
What are the key terms of Jeffrey Meckler’s new Travere (TVTX) stock options?
The stock options cover 12,000 shares of Travere common stock at a $42.26 exercise price. They expire on May 19, 2036. The underlying equity award vests over a one year period, according to the disclosure footnote.
How quickly do Jeffrey Meckler’s Travere (TVTX) equity awards vest?
The filing states that the equity award vests over a one year period. This means the granted equity becomes fully vested during that year, consistent with the terms described in the non-employee director compensation program.