Veracyte (VCYT) grants stock units to chief scientific officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Febbo Phillip G. reported acquisition or exercise transactions in this Form 4 filing.
Veracyte, Inc. reported that Chief Scientific & Med Officer Phillip G. Febbo received equity awards in the form of common stock on March 6, 2026. He was granted 29,603 shares and an additional 6,578 shares, both at no cash cost to him.
According to the footnotes, the first award, structured as restricted stock units, vests 25% on March 2, 2027 and then 1/16 each quarter, subject to continued employment. The second award vests in full on the first anniversary of the grant date, also contingent on his continued employment. Following these grants, he directly owns 153,527 shares of Veracyte common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Febbo Phillip G.
Role
Chief Scientific & Med Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 29,603 | $0.00 | -- |
| Grant/Award | Common Stock | 6,578 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 146,949 shares (Direct)
Footnotes (1)
- Restricted stock units awarded on March 6, 2026 vest 25% on March 2, 2027 and 1/16 per quarter thereafter subject to continuing employment of the Reporting Person on each vesting date. Restricted stock units awarded on March 6, 2026 vest in full on the first anniversary of the date of grant subject to continuing employment of the Reporting Person on each vesting date.
FAQ
What insider transaction did Veracyte (VCYT) report for Phillip G. Febbo?
Veracyte reported that Chief Scientific & Med Officer Phillip G. Febbo received equity awards in common stock on March 6, 2026. These were compensation-related grants, not open-market purchases, and increase his direct ownership stake in the company.
What are the vesting terms of Phillip G. Febbo’s Veracyte (VCYT) stock awards?
One restricted stock unit award vests 25% on March 2, 2027, then 1/16 each quarter, subject to continued employment. The second award vests in full on the first anniversary of the March 6, 2026 grant date, also contingent on his continued employment.
Are Phillip G. Febbo’s Veracyte (VCYT) grants open-market purchases?
No, the transactions are coded as awards (Code A), meaning they are equity compensation grants, not open-market purchases. The shares were granted at a stated price of $0.00 per share and vest over time based on continued employment.
Do Phillip G. Febbo’s Veracyte (VCYT) awards depend on continued employment?
Yes, both restricted stock unit awards require his continuing employment through each vesting date. One vests quarterly after March 2, 2027, while the other vests in full on the first anniversary of the March 6, 2026 grant date.