West Pharmaceutical (NYSE: WST) director awarded 791 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEST PHARMACEUTICAL SERVICES INC director receives stock award. Director Douglas A. Michels acquired 791 shares of common stock as a grant or award, recorded at a price of $0.00 per share, reflecting equity compensation rather than a market purchase.
These shares are in the form of restricted stock units that will vest in full on the date of the next annual shareholder meeting and will be distributable under the company’s Deferred Compensation Plan for Outside Directors. After this grant, Michels directly holds 46,495.55 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Michels Douglas A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 791 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 46,495.55 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity grant size: 791 shares
Post-transaction holdings: 46,495.55 shares
Transaction date: 2026-05-04
+1 more
4 metrics
Equity grant size
791 shares
Restricted stock units granted to director on transaction date
Post-transaction holdings
46,495.55 shares
Total common stock held directly by Michels after grant
Transaction date
2026-05-04
Date of restricted stock unit grant reported on Form 4
Vesting condition
Next annual shareholder meeting
Restricted stock units vest in full on this meeting date
Key Terms
restricted stock units, Deferred Compensation Plan for Outside Directors, annual shareholder meeting
3 terms
restricted stock units financial
"These shares of restricted stock units will vest in full on the date of the next annual shareholder meeting"
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.
Deferred Compensation Plan for Outside Directors financial
"and will be distributable under the terms of the Deferred Compensation Plan for Outside Directors"
FAQ
What insider transaction did WST director Douglas A. Michels report?
Douglas A. Michels reported receiving 791 shares of WEST PHARMACEUTICAL SERVICES INC common stock as a grant or award. The shares are structured as restricted stock units that form part of his equity compensation as an outside director, not as an open-market stock purchase.
What type of equity award did WST grant to director Douglas A. Michels?
Douglas A. Michels received 791 restricted stock units of WEST PHARMACEUTICAL SERVICES INC common stock. Restricted stock units are share-based awards that generally vest over time or upon specific events, aligning director compensation with long-term shareholder interests while delaying actual share distribution.
When will Douglas A. Michels’ WST restricted stock units vest and be distributed?
The 791 restricted stock units granted to Douglas A. Michels will vest in full on the date of WEST PHARMACEUTICAL SERVICES INC’s next annual shareholder meeting. They will then be distributable under the company’s Deferred Compensation Plan for Outside Directors, according to the plan’s terms.
Was the WST insider transaction a market buy or a compensation grant?
The WST insider transaction was a compensation-related grant, not a market buy. Douglas A. Michels received 791 shares at a stated price of $0.00 per share as a grant or award, consistent with non-cash equity compensation for his role as an outside director.
What is the Deferred Compensation Plan for Outside Directors at WEST PHARMACEUTICAL?
The Deferred Compensation Plan for Outside Directors is the program under which Michels’ restricted stock units will be distributed. It governs how and when outside directors receive share-based awards, allowing vesting at the next annual shareholder meeting and deferred delivery of the underlying common stock.