Vertex (VRTX) CEO gains two performance share awards after goals met
Rhea-AI Filing Summary
Vertex Pharmaceuticals CEO and President Reshma Kewalramani reported two stock acquisitions tied to performance awards. On 01/22/2026, she acquired 26,972 shares of common stock at $0, representing earned performance shares from a performance stock unit award granted on 02/01/2023 after the compensation committee certified performance-goal attainment. These shares will vest on 02/13/2026, bringing her direct holdings to 142,940 shares.
On the same date, she acquired 11,885 additional common shares at $0 as earned performance shares from a separate performance stock unit award granted on 02/12/2025, also following committee certification of performance-goal attainment. These shares will vest in installments beginning on 02/24/2026, increasing her directly held common stock to 154,825 shares.
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FAQ
What insider transaction did VRTX CEO Reshma Kewalramani report?
Reshma Kewalramani reported acquiring 26,972 and 11,885 shares of Vertex common stock on 01/22/2026, both at $0 per share, as earned performance shares from prior performance stock unit awards.
Why did the VRTX CEO receive these Vertex Pharma shares?
The shares represent earned performance shares from performance stock unit awards granted on 02/01/2023 and 02/12/2025, after Vertex's management development and compensation committee certified that performance goals were attained on 01/22/2026.
When will the newly acquired VRTX shares vest for the CEO?
The 26,972 shares tied to the 02/01/2023 award will vest on 02/13/2026. The 11,885 shares tied to the 02/12/2025 award will vest in installments beginning on 02/24/2026.
How many VRTX shares does the CEO hold after these transactions?
After the first performance share acquisition, Reshma Kewalramani directly held 142,940 Vertex common shares. After the second, her direct holdings increased to 154,825 shares.
Were these VRTX CEO stock acquisitions purchases on the open market?
No. Both transactions are coded as acquisitions at $0 per share and are described as earned performance shares from previously granted performance stock unit awards, rather than open-market purchases.
What role does the compensation committee play in these VRTX performance shares?
Vertex's management development and compensation committee certified the level of performance-goal attainment on 01/22/2026, which determined the earned performance shares that Reshma Kewalramani received.