Vertex director Nancy Thornberry gets equity awards
Vertex Pharmaceuticals director Nancy Thornberry reported routine equity compensation changes.
Rhea-AI Filing Summary
Vertex Pharmaceuticals director Nancy Thornberry reported routine equity compensation changes. On May 1, 2026, she disposed of 398 shares of common stock back to the issuer in exchange for 398 deferred stock units under a deferred compensation plan, leaving 2,109 common shares at that step.
She then acquired 472 additional common shares as a grant, increasing her direct common stock holdings to 2,507 shares. Thornberry also received 398 deferred stock units, each linked to one share of common stock and payable upon specified future events, and a fully vested stock option for 1,433 shares with a $424.45 exercise price expiring on April 30, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Thornberry Nancy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 1,433 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Units | 398 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 472 | $0.00 | $0.00 |
| Disposition | Common Stock | 398 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,433 contracts (Direct);
Deferred Stock Units — 398 contracts (Direct);
Common Stock — 2,109 shares (Direct)
Footnotes (4)
- F1. Restricted stock unit award that vests, subject to certain limited exceptions, on the first anniversary of the grant date.
- F2. Upon the vesting of restricted stock units granted to Ms. Thornberry on May 1, 2025, Ms. Thornberry deferred the receipt of 398 shares of common stock and received instead 398 deferred stock units pursuant to our deferred compensation plan. As a result, Ms. Thornberry is reporting the disposition of 398 shares of common stock in exchange for an equal number of deferred stock units.
- F3. Fully vested.
- F4. 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. Thornberry's service on our board of directors, (ii) a change of control of our company and (iii) Ms. Thornberry's disability or death.
Key Figures
Shares disposed to issuer: 398 shares
Common shares granted: 472 shares
Deferred stock units granted: 398 units
+4 more
7 metrics
Shares disposed to issuer
398 shares
Common stock exchanged for deferred stock units on May 1, 2026
Common shares granted
472 shares
Grant increased direct holdings to 2,507 shares
Deferred stock units granted
398 units
Each unit represents one share of common stock
Stock options granted
1,433 options
Stock Option (Right to Buy) on May 1, 2026
Option exercise price
$424.45 per share
Exercise price for 1,433 stock options, expiring April 30, 2036
Shares after disposition step
2,109 shares
Common shares directly held after 398-share disposition
Shares after grants
2,507 shares
Direct common stock holdings following 472-share grant
Key Terms
Restricted stock unit, deferred stock units, deferred compensation plan, Stock Option (Right to Buy)
4 terms
Restricted stock unit financial
"Restricted stock unit award that vests, subject to certain limited exceptions, on the first anniversary of the grant date."
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 398 shares of common stock and received instead 398 deferred stock units pursuant to our deferred compensation plan."
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 398 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.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with an exercise price of 424.4500 and expiration on 2036-04-30."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Vertex (VRTX) director Nancy Thornberry report in this Form 4?
Nancy Thornberry reported routine equity compensation activity at Vertex. She exchanged 398 common shares for 398 deferred stock units, received 472 common shares as a grant, and was awarded stock options and additional deferred stock units as part of her director compensation.
What stock options did Nancy Thornberry receive from Vertex (VRTX)?
Nancy Thornberry received a fully vested stock option covering 1,433 shares of Vertex common stock at an exercise price of $424.45 per share. The option expires on April 30, 2036, giving her a long-dated right to buy shares at that price.
What are the deferred stock units reported by Nancy Thornberry at Vertex (VRTX)?
Thornberry received 398 deferred stock units, each representing one share of Vertex common stock. These units will be paid out in common stock upon the earliest of her board service termination, a company change of control, or her disability or death, according to the disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
