Xencor director receives new stock and option grants
Xencor Inc director Alan Bruce Montgomery reported receiving equity compensation rather than buying shares on the market.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Xencor Inc director Alan Bruce Montgomery reported receiving equity compensation rather than buying shares on the market. He was granted 10,302 restricted stock units that vest fully on the first anniversary of the grant date. He also received options for 20,604 shares at an exercise price of $12.20, vesting in equal monthly installments over one year until June 16, 2027. After the RSU grant, his direct common stock holdings total 25,849 shares, and he holds 20,604 options.
Insider Trade Summary
Grant/Award: 30,906 shares
Grant/Award
2 txns
Insider
Montgomery Alan Bruce
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 20,604 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 10,302 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 20,604 contracts (Direct);
Common Stock — 25,849 shares (Direct)
Footnotes (2)
- F1. Represents restricted stock units that shall fully vest on the first anniversary of the date of grant.
- F2. The shares subject to the option will vest in equal monthly installments over one year beginning on the one-month anniversary of June 16, 2026, such that the total number of shares will be fully vested on June 16, 2027.
Key Figures
RSU grant: 10,302 units
Option grant size: 20,604 shares
Option exercise price: $12.20 per share
+3 more
6 metrics
RSU grant
10,302 units
Restricted stock units vesting on first anniversary of grant
Option grant size
20,604 shares
Stock options for Xencor common stock
Option exercise price
$12.20 per share
Strike price for newly granted stock options
Option vesting end date
June 16, 2027
Options vest monthly over one year until this date
Shares held after grant
25,849 shares
Director’s direct common stock holdings following RSU grant
Options held after grant
20,604 options
Total options reported following the new award
Key Terms
restricted stock units, stock option, exercise price, vesting
4 terms
restricted stock units financial
"Represents restricted stock units that shall fully vest on the first anniversary of the date of 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.
stock option financial
"The shares subject to the option will vest in equal monthly installments over one year."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"Stock Option (Right to Buy) with a conversion or exercise price of 12.2000."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"The shares subject to the option will vest in equal monthly installments over one year."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Xencor (XNCR) director Alan Bruce Montgomery report?
Alan Bruce Montgomery reported receiving equity compensation grants, not open-market trades. He acquired 10,302 restricted stock units and 20,604 stock options as part of his compensation, increasing his direct equity exposure to Xencor through both shares and options.
What are the terms of the new stock options granted to the Xencor (XNCR) director?
The director received options for 20,604 shares of Xencor common stock with a $12.20 exercise price. These options vest in equal monthly installments over one year and are scheduled to be fully vested on June 16, 2027, subject to continued service.
When do Alan Bruce Montgomery’s Xencor (XNCR) restricted stock units vest?
The 10,302 restricted stock units will fully vest on the first anniversary of the grant date. Once vested, the units convert into common shares, increasing his directly held Xencor stock if he remains in service through that vesting date.
What are the director’s Xencor (XNCR) holdings after this Form 4 transaction?
Following the reported grants, the director directly holds 25,849 shares of Xencor common stock. He also holds stock options covering 20,604 additional shares, which become exercisable over one year as they vest according to the disclosed schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
