Verastem (NASDAQ: VSTM) awards 36,000 RSUs to director Rowinsky
Rhea-AI Filing Summary
Rowinsky Eric K reported acquisition or exercise transactions in this Form 4 filing.
Verastem, Inc. director Eric K. Rowinsky received a grant of 36,000 restricted stock units (RSUs). The grant was made at a price of $0.00 per share under Verastem’s Amended and Restated 2021 Equity Incentive Plan, reflecting stock-based compensation rather than an open-market purchase.
Each RSU represents the right to receive one share of common stock. The RSUs vest in twelve substantially equal monthly installments from the end of June 2026 through April 2027, with the final installment vesting on the earlier of the day before the 2027 annual stockholders’ meeting or May 31, 2027, contingent on his continued board service. Following this award, Rowinsky directly holds 52,666 shares of Verastem common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 36,000 shares
Net Buy
1 txn
Insider
Rowinsky Eric K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 36,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 52,666 shares (Direct)
Footnotes (1)
- F1. RSUs granted to the Reporting Person under the Issuer's Amended and Restated 2021 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of Common Stock. The 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.
Key Figures
RSUs granted: 36,000 units
Grant price: $0.00 per share
Shares held after grant: 52,666 shares
+2 more
5 metrics
RSUs granted
36,000 units
Restricted stock units awarded to director Eric K. Rowinsky
Grant price
$0.00 per share
Equity compensation, not an open-market purchase
Shares held after grant
52,666 shares
Rowinsky’s direct Verastem common stock holdings post-transaction
Vesting period start
June 2026
First of eleven monthly vesting installments
Final vesting deadline
May 31, 2027
Final installment vests by this date or the day before 2027 meeting
Key Terms
RSUs, Amended and Restated 2021 Equity Incentive Plan, vest, Annual Meeting of Stockholders
4 terms
RSUs financial
"RSUs granted to the Reporting Person under the Issuer's Amended and Restated 2021 Equity Incentive Plan."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Amended and Restated 2021 Equity Incentive Plan financial
"RSUs granted to the Reporting Person under the Issuer's Amended and Restated 2021 Equity Incentive Plan."
vest financial
"The RSUs vest in twelve substantially equal installments (rounded down to the nearest whole share..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Annual Meeting of Stockholders financial
"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..."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Verastem (VSTM) disclose in this Form 4 for Eric K. Rowinsky?
Verastem reported a stock-based compensation grant to director Eric K. Rowinsky. He received 36,000 restricted stock units at a price of $0.00 per share, increasing his direct holdings to 52,666 common shares after the award.
How many Verastem RSUs were granted to director Eric K. Rowinsky?
Eric K. Rowinsky received 36,000 restricted stock units from Verastem. Each RSU represents a contingent right to one share of common stock, issued as equity compensation under the company’s Amended and Restated 2021 Equity Incentive Plan.
What is the vesting schedule for Eric K. Rowinsky’s 36,000 Verastem RSUs?
The 36,000 RSUs vest in twelve substantially equal monthly installments. Vesting runs from the last day of each month between June 2026 and April 2027, with the final installment vesting by the earlier of the day before the 2027 annual meeting or May 31, 2027.
Are Eric K. Rowinsky’s Verastem RSUs subject to continued board service?
Yes, vesting depends on continued service as a Verastem director. Each monthly installment, including the final tranche tied to the 2027 annual meeting or May 31, 2027, requires that Rowinsky still be serving on the board on the applicable vesting date.
Was this Verastem (VSTM) Form 4 transaction an open-market stock purchase?
No, the transaction reflects a grant of restricted stock units at $0.00 per share. It is a compensation award under Verastem’s 2021 Equity Incentive Plan, not an open-market buy or sell of existing common shares by the director.