VNRX Form 4: Officer Nicholas Plummer Receives 24,031 RSUs
Rhea-AI Filing Summary
VolitionRX Limited insider filing (Form 4) reports that director and officer Nicholas Plummer was awarded 24,031 restricted stock units (RSUs) on 08/15/2025 in lieu of cash compensation. The RSUs are granted under the Issuer's 2015 Stock Incentive Plan, have a reported price of $0, and will be earned in six approximately equal monthly installments beginning 09/01/2025. Once earned, the awards remain subject to additional time-based vesting in two installments of 12,016 units on 11/01/2025 and 12,015 units on 02/01/2026. The filing shows 207,877 shares beneficially owned by the reporting person following the transaction.
Positive
- 24,031 RSUs granted to replace cash compensation, as explicitly stated in the filing
- Clear vesting schedule: earned in six monthly installments beginning 09/01/2025, with further time-based vesting on 11/01/2025 and 02/01/2026
- Beneficial ownership after transaction is reported as 207,877 shares
Negative
- None.
Insights
TL;DR: Insider awarded 24,031 RSUs in lieu of cash; vesting spans Sept 2025–Feb 2026; beneficial ownership rises to 207,877 shares.
The filing documents a compensation-related equity grant rather than an open-market purchase or sale. The award replaces cash compensation and is structured with an initial earning phase across six monthly installments followed by two time-based vesting dates, which delays full share delivery until late 2025/early 2026. This transaction is a routine executive compensation action and does not itself convey operational performance metrics.
TL;DR: Company used its 2015 Stock Incentive Plan to issue RSUs as compensation; vesting provisions require continued service.
The Form 4 discloses standard RSU terms: awards earned monthly then subject to further time-based vesting, and settlement converts RSUs into common shares upon vesting. The filing identifies the reporting person as a director and officer (GC - Volition Diagnostics). The structure ties compensation to service periods documented in the filing.