Vertex (VRTX) director Alan Garber granted RSUs and fully vested options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertex Pharmaceuticals director Alan M. Garber received equity awards as compensation. He was granted 472 shares of Common Stock in the form of restricted stock units that vest, subject to limited exceptions, on the first anniversary of the grant date. He was also granted stock options for 1,433 shares of Common Stock at an exercise price of $424.45 per share, which are fully vested and expire on April 30, 2036. Following the stock grant, he directly holds 7,344 shares of Vertex Common Stock in addition to these options.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Garber Alan M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 1,433 | $0.00 | -- |
| Grant/Award | Common Stock | 472 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,433 shares (Direct, null);
Common Stock — 7,344 shares (Direct, null)
Footnotes (1)
- Restricted stock unit award that vests, subject to certain limited exceptions, on the first anniversary of the grant date. Fully vested.
Key Figures
Restricted stock units granted: 472 shares
Options granted: 1,433 options
Option exercise price: $424.45 per share
+2 more
5 metrics
Restricted stock units granted
472 shares
RSU award vesting on first anniversary of grant date
Options granted
1,433 options
Stock Option (Right to Buy) granted to director
Option exercise price
$424.45 per share
Conversion or exercise price for 1,433 options
Option expiration date
April 30, 2036
Expiration of newly granted stock options
Shares held after grant
7,344 shares
Total Vertex Common Stock directly owned after RSU grant
Key Terms
Restricted stock unit, Stock Option (Right to Buy), Fully vested, exercise price
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.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with 1,433.0000 shares and exercise price 424.4500"
Fully vested financial
"Fully vested."
exercise price financial
"conversion_or_exercise_price: "424.4500" for the stock option grant"
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.
FAQ
What did Alan M. Garber receive in this Vertex (VRTX) Form 4 filing?
Alan M. Garber received equity compensation from Vertex, not an open-market trade. He was granted 472 restricted stock units and stock options for 1,433 shares of Common Stock, reflecting routine director compensation rather than a discretionary stock purchase or sale.
What are the terms of Alan M. Garber’s new Vertex (VRTX) stock options?
Garber’s new stock options cover 1,433 shares of Vertex Common Stock at an exercise price of $424.45 per share. The filing states these options are fully vested and will expire on April 30, 2036, giving a long-dated right to purchase shares at that price.
When do Alan M. Garber’s Vertex (VRTX) restricted stock units vest?
The restricted stock unit award for 472 shares vests on the first anniversary of the grant date, subject to limited exceptions. This means Garber must remain eligible through that one-year period before the units convert into freely owned shares of Vertex Common Stock.