Vertex director granted 2,866 stock options
Vertex Pharmaceuticals director Bruce I. Sachs reported an acquisition of stock options as compensation.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Vertex Pharmaceuticals director Bruce I. Sachs reported an acquisition of stock options as compensation. He received a grant of 2,866 stock options for Vertex common stock at an exercise price of $424.45 per share. The options are fully vested and expire on April 30, 2036, and his direct derivative holdings after this grant total 2,866 options.
Insider Trade Summary
Grant/Award: 2,866 shares
Grant/Award
1 txn
Insider
SACHS BRUCE I
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 2,866 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 2,866 contracts (Direct)
Footnotes (1)
- F1. Fully vested.
Key Figures
Options granted: 2,866 options
Exercise price: $424.45 per share
Expiration date: April 30, 2036
+1 more
4 metrics
Options granted
2,866 options
Stock Option (Right to Buy) grant on May 1, 2026
Exercise price
$424.45 per share
Conversion or exercise price for granted options
Expiration date
April 30, 2036
Option expiration for the 2,866 granted options
Derivative holdings after grant
2,866 options
Total derivative securities following transaction
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, Common Stock
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 424.4500"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: 2036-04-30T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Common Stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did VRTX director Bruce I. Sachs report?
Bruce I. Sachs reported receiving 2,866 stock options for Vertex common stock as a compensation grant. The options carry a $424.45 exercise price and are fully vested, with an expiration date of April 30, 2036, according to the Form 4 data.
What is the exercise price of Bruce I. Sachs’s VRTX stock options?
The granted VRTX stock options have an exercise price of $424.45 per share. This means Sachs can buy Vertex common stock at $424.45 under the option terms until the options expire on April 30, 2036, if other plan conditions are met.
How many VRTX stock options does Bruce I. Sachs hold after this Form 4?
Following this transaction, Bruce I. Sachs directly holds 2,866 stock options as reported in the filing. These options are fully vested and relate to Vertex common stock, with a $424.45 exercise price and an April 30, 2036 expiration.
Are Bruce I. Sachs’s newly granted VRTX options already vested?
Yes. A footnote in the Form 4 states the 2,866 stock options are fully vested. This means Sachs does not need additional service time for vesting and can exercise them under the plan terms before their April 30, 2036 expiration.
When do Bruce I. Sachs’s VRTX stock options expire?
The granted Vertex stock options held by Bruce I. Sachs expire on April 30, 2036. After this expiration date, the right to buy Vertex common stock at the $424.45 exercise price lapses, based on the Form 4 disclosure details.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates