Vir CEO gets big equity awards, sells 19K shares
Vir Biotechnology, Inc. director and CEO Marianne De Backer reported both equity awards and a small share sale.
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Rhea-AI Filing Summary
Vir Biotechnology, Inc. director and CEO Marianne De Backer reported both equity awards and a small share sale. On February 22, 2026, she received 570,000 stock options and 285,000 restricted stock units under the company’s equity plan, with options vesting 25% on February 22, 2027 and the rest in 36 monthly installments.
On February 23, 2026, 19,039 common shares were sold at $7.4528 per share in an automatic sale under a Rule 10b5-1 arrangement to cover tax withholding from RSU vesting, described as not a discretionary trade. After these transactions, she directly owned 1,035,466 common shares and indirectly held 53,118 shares via the Ureel-De Backer Family Trust.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 19,039 | $7.4528 | $142K |
| Grant/Award | Stock Option (Right to Buy) | 570,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 285,000 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Acquisition of restricted stock units (RSUs) pursuant to the Issuer's Equity Incentive Plan.
- F2. Represents an automatic and mandatory sale of shares under a Rule 10b5-1 arrangement to satisfy the Issuer's tax withholding obligations in connection with the vesting of RSUs. The sale does not represent a discretionary trade by the Reporting Person.
- F3. The shares are held in the name of the Ureel-De Backer Family Trust, of which the Reporting Person and her spouse are Trustees.
- F4. 25% of the shares subject to the stock option will vest and become exercisable on February 22, 2027, and the remaining shares will vest in 36 equal monthly installments thereafter.
FAQ
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What insider transactions did Vir Biotechnology (VIR) report for Marianne De Backer?
What equity awards did the Vir Biotechnology (VIR) CEO receive in this Form 4 filing?
What is the vesting schedule for the Vir Biotechnology (VIR) CEO’s new stock options?
Was the Vir Biotechnology (VIR) CEO’s stock sale a discretionary decision?
AI-generated analysis. How Rhea-AI works. Not financial advice.