Xenon Pharmaceuticals (XENE) director exercises RSUs and gets new option award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xenon Pharmaceuticals director Dawn Svoronos reported routine equity compensation activity. Previously granted restricted share units vested into 2,645 Common Shares, and the company withheld 1,416 shares at $53.41 to cover income taxes, which the filing notes does not represent a sale.
Following these transactions, she directly holds 26,229 Common Shares. On the same date, she received new awards of 1,593 restricted share units and options for 10,507 shares with a $53.46 exercise price expiring on June 2, 2036, both vesting in full around the issuer’s 2027 annual meeting of shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,645 shares exercised/converted
Mixed
5 txns
Insider
Svoronos Dawn
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Option (Right to Buy) | 10,507 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 1,593 | $0.00 | -- |
| Exercise | Restricted Share Units | 2,645 | $0.00 | -- |
| Exercise | Common Shares | 2,645 | $0.00 | -- |
| Tax Withholding | Common Shares | 1,416 | $53.41 | $76K |
Holdings After Transaction:
Share Option (Right to Buy) — 10,507 shares (Direct, null);
Restricted Share Units — 1,593 shares (Direct, null);
Common Shares — 27,645 shares (Direct, null)
Footnotes (1)
- Represents Common Shares earned and vested under a restricted share unit ("RSU") award granted to the reporting person on June 5, 2025. The RSU award vested 100% on June 1, 2026, the day before the date of the issuer's 2026 annual meeting of shareholders. Represents the number of Common Shares withheld by the issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of the RSUs, and does not represent a sale. Represents the closing price of Common Shares on June 1, 2026 for purposes of net settlement calculations. Vesting 100% on the earlier of (i) June 1, 2027 or (ii) the day before the date of the issuer's 2027 annual meeting of shareholders. Each RSU represents a contingent right to receive one Common Share vesting 100% on the earlier of (i) June 1, 2027 or (ii) the day before the date of the issuer's 2027 annual meeting of shareholders.
Key Figures
RSUs converted to shares: 2,645 Common Shares
Shares withheld for taxes: 1,416 Common Shares
Tax settlement reference price: $53.41 per share
+5 more
8 metrics
RSUs converted to shares
2,645 Common Shares
RSU vesting on June 1, 2026
Shares withheld for taxes
1,416 Common Shares
Tax withholding on RSU net settlement at $53.41
Tax settlement reference price
$53.41 per share
Closing price on June 1, 2026 for net settlement
New RSU grant
1,593 RSUs
Grant on June 3, 2026 vesting around 2027 annual meeting
New option grant
10,507 options
Grant on June 3, 2026, right to buy Common Shares
Option exercise price
$53.46 per share
Exercise price on options expiring June 2, 2036
Common Shares held
26,229 shares
Direct holdings after Form 4 transactions
Option expiration
June 2, 2036
Expiry date of newly granted options
Key Terms
Restricted Share Units, net settlement, Share Option (Right to Buy), income tax withholding, +1 more
5 terms
net settlement financial
"withheld by the issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of the RSUs"
income tax withholding financial
"withheld by the issuer to satisfy income tax withholding and remittance obligations"
FAQ
What equity awards did Xenon Pharmaceuticals (XENE) director Dawn Svoronos receive?
She received 1,593 restricted share units and options for 10,507 Common Shares at an exercise price of $53.46. Both awards vest 100% around the company’s 2027 annual meeting of shareholders, aligning her compensation with future company performance.
Were any of Dawn Svoronos’ Xenon (XENE) transactions open-market sales?
No open-market sales were reported. The 1,416 Common Shares shown as an F-code disposition were withheld by the issuer solely to satisfy income tax obligations on vested RSUs, and the filing explicitly states this does not represent a sale.
What RSU vesting event did Xenon Pharmaceuticals (XENE) report for Dawn Svoronos?
RSUs granted on June 5, 2025 vested 100% on June 1, 2026, the day before Xenon’s 2026 annual shareholder meeting. This vesting delivered 2,645 Common Shares before tax withholding, as described in the Form 4 footnotes.
When do Dawn Svoronos’ new Xenon (XENE) options expire and how do they vest?
The newly granted options for 10,507 Common Shares carry a $53.46 exercise price and expire on June 2, 2036. They vest in full on the earlier of June 1, 2027 or the day before Xenon’s 2027 annual shareholder meeting.