Vertex (VRTX) director reports stock grant and 796-share deferral
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertex Pharmaceuticals director Diana McKenzie reported routine equity compensation and a deferral election involving company stock. She received a grant of 943 shares of common stock at no cost as a restricted stock unit award that will vest based on the grant terms.
Upon vesting of earlier restricted stock units granted on May 1, 2025, she chose to defer 796 shares of common stock into 796 deferred stock units under Vertex’s deferred compensation plan. This is recorded as a disposition of 796 common shares back to the issuer in exchange for an equal number of deferred stock units.
Each deferred stock unit represents one share of common stock and will be paid in stock upon the earliest of her board service ending, a change of control, or her disability or death. After these transactions, she holds 3,174 shares of common stock directly, 7,787.483 deferred stock units, and 207 common shares held indirectly in a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
MCKENZIE DIANA
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 796 | $0.00 | -- |
| Grant/Award | Common Stock | 943 | $0.00 | -- |
| Disposition | Common Stock | 796 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 7,787.483 shares (Direct, null);
Common Stock — 3,174 shares (Direct, null);
Common Stock — 207 shares (Indirect, Held in Trust)
Footnotes (1)
- Restricted stock unit award that vests, subject to certain limited exceptions, on the first anniversary of the grant date. Upon the vesting of restricted stock units granted to Ms. McKenzie on May 1, 2025, Ms. McKenzie deferred the receipt of 796 shares of common stock and received instead 796 deferred stock units pursuant to our deferred compensation plan. As a result, Ms. McKenzie is reporting the disposition of 796 shares of common stock in exchange for an equal number of deferred stock units. Each deferred stock unit represents one share of common stock and is paid out in common stock upon the earliest to occur of (i) termination of Ms. McKenzie's service on our board of directors, (ii) a change of control of our company and (iii) Ms. McKenzie's disability or death.
Key Figures
Restricted stock grant: 943 shares of common stock
Common shares exchanged: 796 shares of common stock
Deferred stock units received: 796 deferred stock units
+3 more
6 metrics
Restricted stock grant
943 shares of common stock
Grant/award acquisition at $0.0000 per share
Common shares exchanged
796 shares of common stock
Disposition to issuer in exchange for deferred stock units
Deferred stock units received
796 deferred stock units
One unit represents one share of common stock
Direct common shares after transactions
3,174 shares
Total common stock directly owned following transactions
Deferred stock units after transactions
7,787.483 units
Total deferred stock units following transactions
Indirect common shares in trust
207 shares
Common stock held indirectly in trust
Key Terms
Restricted stock unit, deferred stock units, deferred compensation plan, change of control
4 terms
Restricted stock unit financial
"Restricted stock unit award that vests, subject to certain limited exceptions, on the first anniversary"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
deferred stock units financial
"deferred the receipt of 796 shares of common stock and received instead 796 deferred stock units"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
deferred compensation plan financial
"received instead 796 deferred stock units pursuant to our deferred compensation plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
change of control financial
"upon the earliest to occur of (i) termination of Ms. McKenzie's service on our board of directors, (ii) a change of control of our company"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
FAQ
What insider transactions did Diana McKenzie report at Vertex (VRTX)?
Diana McKenzie reported routine equity compensation and a deferral election. She received 943 shares of Vertex common stock and exchanged 796 vested shares for 796 deferred stock units, reflecting compensation and planning choices rather than open-market buying or selling activity.
What are the terms of Diana McKenzie’s deferred stock units at Vertex (VRTX)?
Each deferred stock unit represents one Vertex common share. The units are paid in stock upon the earliest of McKenzie’s board service ending, a change of control of Vertex, or her disability or death, providing future-delivery equity instead of immediate shares.