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United Therapeutics (UTHR) awards 2,380 stock options to director Causey

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

United Therapeutics Corp director Christopher Causey received an annual non-employee director stock option award covering 2,380 shares of common stock at a $527.07 exercise price, expiring July 22, 2033. The options become fully vested on the earlier of the one-year anniversary of the grant or the next Annual Meeting of Shareholders, anticipated on June 25, 2027. Following this grant, he directly holds 4,190 common shares and options on 2,380 shares.

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Insider CAUSEY CHRISTOPHER
Role Director
Type Security Shares Price Value
Grant/Award Stock Option F1, F2 2,380 $0.00 $0.00
holding Common Stock -- -- --
Holdings After Transaction: Stock Option — 2,380 shares (Direct); Common Stock — 4,190 shares (Direct)
Footnotes (2)
  1. F1. Annual non-employee director award.
  2. F2. Annual non-employee director awards become fully vested on the earlier to occur of (a) the one-year anniversary of the grant date; or (b) the date of the next Annual Meeting of Shareholders following the grant date. June 25, 2027 is the anticipated date of the next Annual Meeting of Shareholders.
Stock options granted 2,380 shares Annual non-employee director award on July 22, 2026
Exercise price $527.07 per share Conversion or exercise price of granted stock options
Option expiration July 22, 2033 Expiration date of director stock option award
Common stock holdings 4,190 shares Direct United Therapeutics common shares held after reported transactions
Underlying common shares 2,380 shares Shares of common stock underlying the granted stock options
Anticipated vesting date June 25, 2027 Anticipated date of next Annual Meeting when award may fully vest
Stock Option financial
"Security title reported as Stock Option for the grant"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Annual non-employee director award financial
"Described in the footnote as an annual non-employee director award"
exercise price financial
"Conversion or exercise price of $527.0700 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"Option award shows an expiration date of 2033-07-22"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did UTHR director Christopher Causey report?

Christopher Causey reported receiving an annual non-employee director stock option award for 2,380 shares on July 22, 2026. The options carry a $527.07 exercise price and expire on July 22, 2033, providing equity-based compensation tied to United Therapeutics’ common stock.

What are the key terms of Christopher Causey’s UTHR stock option grant?

The grant covers 2,380 shares of United Therapeutics common stock at a $527.07 exercise price, expiring July 22, 2033. It is designated as an annual non-employee director award, with vesting linked to either time in service or the next Annual Meeting.

When do Christopher Causey’s UTHR stock options vest?

The options become fully vested on the earlier of the one-year anniversary of the July 22, 2026 grant or the next Annual Meeting of Shareholders. The anticipated vesting date is June 25, 2027, assuming that is when the next Annual Meeting occurs.

How many United Therapeutics (UTHR) shares does Christopher Causey hold after this filing?

After the reported transactions, Christopher Causey directly holds 4,190 shares of United Therapeutics common stock. He also holds stock options on an additional 2,380 underlying shares as part of his annual non-employee director equity award.

Is Christopher Causey’s UTHR option grant part of a routine director compensation program?

Yes. Footnotes describe the grant as an annual non-employee director award with a standard vesting schedule. Vesting occurs by the earlier of one year from grant or the next Annual Meeting, indicating it is part of a recurring board compensation structure.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
CAUSEY CHRISTOPHER

(Last)(First)(Middle)
C/O UNITED THERAPEUTICS CORPORATION
1000 SPRING STREET

(Street)
SILVER SPRING MARYLAND 20910

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
UNITED THERAPEUTICS Corp [ UTHR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/22/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock4,190D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option$527.0707/22/2026A2,380(1)06/25/2027(2)07/22/2033Common Stock2,380$0.002,380D
Explanation of Responses:
1. Annual non-employee director award.
2. Annual non-employee director awards become fully vested on the earlier to occur of (a) the one-year anniversary of the grant date; or (b) the date of the next Annual Meeting of Shareholders following the grant date. June 25, 2027 is the anticipated date of the next Annual Meeting of Shareholders.
Remarks:
/s/ John S. Hess, Jr. under Power of Attorney07/23/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)