VolitionRx (VNRX) CEO reports 53,400-share RSU vesting and updated holdings
Rhea-AI Filing Summary
VolitionRx Ltd CEO Salvatore Thomas Butera reported an equity award related to restricted stock units (RSUs). On March 17, 2025 he was granted 178,000 RSUs under the company’s 2024 Stock Incentive Plan, tied to corporate performance goals and time-based vesting. Certain performance goals were achieved, causing 53,400 RSUs to vest, which are reported as an acquisition of 53,400 shares of common stock at a price of $0 on January 22, 2026.
The 53,400 vested RSUs are subject to a 3‑year time-based schedule, vesting in three equal installments of 17,800 units on each of March 17, 2026, March 17, 2027 and March 17, 2028, after which shares of common stock will be delivered upon settlement. Following this transaction, Butera directly owns 375,203 shares of common stock and jointly owns an additional 99,350 shares with his spouse. The rights to the remaining 124,600 RSUs from the original grant did not vest and were cancelled on June 30, 2025 and January 22, 2026.
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Insights
Routine CEO equity vesting tied to performance goals and time vesting.
The filing shows Salvatore Thomas Butera, CEO of Volition Veterinary at VolitionRx Ltd, receiving 53,400 shares of common stock via vested RSUs at a price of $0. These RSUs stem from a 178,000‑unit grant awarded on March 17, 2025 under the 2024 Stock Incentive Plan, contingent on corporate performance goals and time-based vesting.
Only part of the grant vested: 53,400 RSUs met the performance criteria, while the remaining 124,600 RSUs were cancelled on June 30, 2025 and January 22, 2026. The vested RSUs are structured to vest in three equal installments of 17,800 units on each of March 17, 2026, March 17, 2027 and March 17, 2028, with common shares delivered upon settlement.
After the reported transaction, Butera directly holds 375,203 common shares and jointly owns 99,350 shares with his spouse. This appears to be a standard equity compensation event reflecting partial performance achievement, rather than a discretionary open‑market purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 53,400 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On March 17, 2025, the reporting person was awarded 178,000 restricted stock units ("RSUs") under the Issuer's 2024 Stock Incentive Plan, subject to vesting upon the achievement of certain corporate performance goals on or prior to June 30, 2025 and December 31, 2025 and also subject to time-based vesting. Certain of the performance goals were met, resulting in the rights with respect to 53,400 RSUs vesting. The RSUs are further subject to a 3-year time-based vesting schedule, vesting in three equal installments of 17,800 units on each of March 17, 2026, 2027 and 2028, respectively. Upon vesting and settlement, the reporting person will receive a number of shares of common stock equal to the number of RSUs that have vested. The rights with respect to the remaining 124,600 RSUs did not vest and were cancelled on June 30, 2025 and January 22, 2026, respectively. These shares of common stock are jointly owned by the reporting person and his spouse.
FAQ
What did VolitionRx (VNRX) CEO Salvatore Thomas Butera report in this Form 4?
What was the original RSU grant to the VolitionRx (VNRX) CEO tied to this Form 4?
How many of the VolitionRx (VNRX) CEO’s RSUs actually vested and how many were cancelled?
What is the vesting schedule for the VolitionRx (VNRX) CEO’s 53,400 vested RSUs?