Verastem (NASDAQ: VSTM) director receives 108,000 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BAILEY MICHAEL P reported acquisition or exercise transactions in this Form 4 filing.
Verastem, Inc. director Michael P. Bailey reported an equity award of 108,000 shares of Common Stock in the form of restricted stock units at no cash cost. The grant consists of 36,000 RSUs as an annual grant and 72,000 RSUs as an initial grant under Verastem's Amended and Restated 2021 Equity Incentive Plan.
The 36,000 annual grant RSUs vest in twelve monthly installments from June 2026 through May 2027, tied to continued board service. The 72,000 initial grant RSUs vest in twelve quarterly installments starting on May 21, 2026, and are scheduled to fully vest three years from that date, also contingent on continued service. Following this award, Bailey directly holds 108,000 shares/RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BAILEY MICHAEL P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 108,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 108,000 shares (Direct, null)
Footnotes (1)
- 36,000 restricted stock units granted to the Reporting Person as an annual grant under the Issuer's Amended and Restated 2021 Equity Incentive Plan ("Annual Grant RSUs"). Each Annual Grant RSU represents the contingent right to receive one share of Common Stock. The Annual Grant RSUs vest in twelve substantially equal installments (rounded down to the nearest whole share on each vesting date except with respect to the final vesting date on which the remaining unvested portion shall vest). The first eleven installments shall vest beginning on the last day of each month over a period from June, 2026 to April, 2027 and the last installment shall vest on the earlier of (i) the day before the 2027 Annual Meeting of Stockholders is held or (ii) May 31, 2027, provided that the Reporting Person continues to serve as a director of the Issuer on each such vesting date. 72,000 restricted stock units granted to the Reporting Person as an initial grant under the Issuer's Amended and Restated 2021 Equity Incentive Plan ("Initial Grant RSUs"). Each Initial Grant RSU represents the contingent right to receive one share of Common Stock. The Initial Grant RSUs vest in twelve substantially equal installments (rounded down to the nearest whole share on each vesting date except with respect to the final vesting date on which the remaining unvested portion shall vest) on each quarterly anniversary of May 21, 2026 (the "Start Date") until the award is fully vested on the date that is three (3) years from the Start Date, provided that the Reporting Person continues to serve as a director of the Issuer on each such vesting date.
Key Figures
Equity award size: 108,000 shares
Annual grant RSUs: 36,000 units
Initial grant RSUs: 72,000 units
3 metrics
Equity award size
108,000 shares
Total restricted stock units granted on May 21, 2026
Annual grant RSUs
36,000 units
Annual director grant vesting monthly June 2026–May 2027
Initial grant RSUs
72,000 units
Initial director grant vesting quarterly over three years from May 21, 2026
Key Terms
restricted stock units, Amended and Restated 2021 Equity Incentive Plan, vesting, quarterly anniversary
4 terms
restricted stock units financial
"36,000 restricted stock units granted to the Reporting Person as an annual grant"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Amended and Restated 2021 Equity Incentive Plan financial
"granted to the Reporting Person as an annual grant under the Issuer's Amended and Restated 2021 Equity Incentive Plan"
vesting financial
"The Annual Grant RSUs vest in twelve substantially equal installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
quarterly anniversary financial
"vest in twelve substantially equal installments ... on each quarterly anniversary of May 21, 2026"
A quarterly anniversary marks the date that occurs every three months after a specific event, such as an investment or a business milestone. It is similar to a birthday that repeats four times a year, helping investors track the timing of important updates or changes. Recognizing these anniversaries allows investors to stay informed about progress and make timely decisions.
FAQ
What did Verastem (VSTM) director Michael P. Bailey report in this Form 4?
Michael P. Bailey reported receiving an equity award covering 108,000 shares of Verastem Common Stock in the form of restricted stock units. The grant was made at no cash cost and represents compensation for his role as a director.
What is Michael P. Bailey’s Verastem (VSTM) holding after this Form 4 transaction?
Following the reported grant, Michael P. Bailey holds 108,000 shares or share-equivalent restricted stock units of Verastem Common Stock directly. These holdings reflect the newly granted awards and vest over time, conditioned on his continued service on the company’s board.
Under which plan were the Verastem (VSTM) RSUs to Michael P. Bailey granted?
Both the 36,000-share annual grant and the 72,000-share initial grant were made under Verastem’s Amended and Restated 2021 Equity Incentive Plan. This plan governs equity-based compensation for eligible participants, including directors, using restricted stock units tied to Common Stock.