Travere Therapeutics (TVTX) grants director 4,000 shares and 12,000 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Travere Therapeutics, Inc. director Ruth Williams Brinkley received an automatic equity grant under the company’s 2018 Equity Incentive Plan pursuant to its non-employee director compensation program. The award includes 4,000 shares of common stock and stock options for 12,000 shares at an exercise price of $42.26 per share.
The equity award vests over a one-year period. The stock options become exercisable beginning on May 19, 2027 and expire on May 19, 2036. Following the stock grant, Brinkley directly holds 29,750 shares of Travere Therapeutics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Williams Brinkley Ruth
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 — 29,750 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
Stock grant: 4,000 shares
Option grant size: 12,000 options
Option exercise price: $42.26/share
+3 more
6 metrics
Stock grant
4,000 shares
Automatic common stock award to director on May 19, 2026
Option grant size
12,000 options
Stock option (right to buy) granted on May 19, 2026
Option exercise price
$42.26/share
Conversion or exercise price for 12,000 stock options
Shares held after grant
29,750 shares
Total common stock directly owned after the 4,000-share award
Option exercisability date
May 19, 2027
First exercisability date for 12,000 stock options
Option expiration date
May 19, 2036
Expiration of the 12,000-share stock option grant
Key Terms
Automatic equity grant, 2018 Equity Incentive Plan, non-employee director compensation program, Stock option (right to buy)
4 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."
Stock option (right to buy) financial
"Stock option (right to buy) reported as a derivative security transaction on May 19, 2026."
FAQ
What insider equity awards were reported for TVTX director Ruth Williams Brinkley?
Ruth Williams Brinkley received 4,000 Travere Therapeutics common shares and stock options for 12,000 shares. These were automatic equity grants under the 2018 Equity Incentive Plan, issued through the non-employee director compensation program as reported in the Form 4.
What is the exercise price and term of the new TVTX stock options?
The reported stock options have an exercise price of $42.26 per share and cover 12,000 shares. They become exercisable on May 19, 2027 and expire on May 19, 2036, giving the director a long-dated equity incentive position.
How do the TVTX equity awards for Ruth Williams Brinkley vest?
The equity award reported for Ruth Williams Brinkley vests over a one-year period. This applies to the automatic grant made under Travere Therapeutics’ 2018 Equity Incentive Plan pursuant to the company’s non-employee director compensation program, aligning compensation with short-term board service.
Are the reported Travere Therapeutics equity awards open-market purchases or compensation grants?
The reported transactions are compensation-related grants, not open-market purchases. Both the 4,000-share common stock award and the 12,000-share stock option grant were automatic equity grants under the 2018 Equity Incentive Plan for a non-employee director.