West Pharmaceutical grants CEO options, RSUs
West Pharmaceutical’s President and CEO received sizable option and restricted stock unit grants with multi‑year vesting and a $337.75 exercise price.
Rhea-AI Filing Summary
WEST PHARMACEUTICAL SERVICES INC (WST) reported that its President and CEO, Michel Lagarde, received new equity awards on September 8, 2026. He was granted 37,048 stock options to buy common shares at an exercise price of $337.75 per share, expiring on September 8, 2036. Portions of these option awards vest in four equal annual installments beginning on September 8, 2027, while others cliff vest on September 8, 2031.
Lagarde also received 14,750 restricted stock units, each representing a contingent right to receive one share of WST common stock. Some of these restricted stock units vest annually over four years starting September 8, 2027, and others cliff vest on September 8, 2031. No Rule 10b5-1 trading plan is reported in connection with these awards.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F1 | 13,879 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) F1 | 11,081 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) F2 | 12,088 | $0.00 | $0.00 |
| Grant/Award | Rst. Stock Unit F3, F1 | 6,200 | $0.00 | $0.00 |
| Grant/Award | Rst. Stock Unit F3, F1 | 4,950 | $0.00 | $0.00 |
| Grant/Award | Rst. Stock Unit F3, F2 | 3,600 | $0.00 | $0.00 |
Footnotes (3)
- F1. This award vests in four equal annual installments beginning on September 8, 2027.
- F2. This award cliff vests on September 8, 2031.
- F3. Each restricted stock unit represents a contingent right to receive one share of WST common stock.
Key Figures
FAQ
What equity awards did WST grant to President and CEO Michel Lagarde on September 8, 2026?
What is the exercise price and expiration date of Michel Lagarde’s new WST stock options?
How do the WST stock option awards to Michel Lagarde vest?
How do the WST restricted stock units granted to Michel Lagarde vest?
Are Michel Lagarde’s September 8, 2026 WST equity awards under a Rule 10b5-1 plan?
What type of securities underlie Michel Lagarde’s new WST equity awards?
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