Xencor (XNCR) awards RSUs and stock options to director Gorman
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xencor Inc director Kevin Charles Gorman received new equity awards as compensation. On June 16, 2026 he was granted 10,302 restricted stock units that will fully vest on the first anniversary of the grant date.
He was also granted stock options covering 20,604 shares of common stock at an exercise price of $12.20 per share, expiring on June 15, 2036. These options vest in equal monthly installments over one year beginning one month after June 16, 2026, becoming fully vested on June 16, 2027. Following the grants, he directly holds 21,680 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GORMAN KEVIN CHARLES
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 20,604 | $0.00 | -- |
| Grant/Award | Common Stock | 10,302 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 20,604 shares (Direct, null);
Common Stock — 21,680 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units that shall fully vest on the first anniversary of the date of grant. 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
Restricted stock units granted: 10,302 units
Stock options granted: 20,604 options
Option exercise price: $12.20 per share
+3 more
6 metrics
Restricted stock units granted
10,302 units
Granted June 16, 2026; fully vest on first anniversary
Stock options granted
20,604 options
Right to buy common stock granted June 16, 2026
Option exercise price
$12.20 per share
Strike price for 20,604 stock options
Option expiration date
June 15, 2036
Expiration for 20,604 stock options
Common shares held after grant
21,680 shares
Director’s direct holdings following June 16, 2026 awards
Option vesting period
1 year monthly
Equal monthly vesting from one month after June 16, 2026 to June 16, 2027
Key Terms
restricted stock units, Stock Option (Right to Buy, vest in equal monthly installments, expiration date
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 (Right to Buy financial
"Stock Option (Right to Buy) with an exercise price of $12.20 per share expiring on June 15, 2036."
vest in equal monthly installments financial
"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."
expiration date financial
"Expiration date for the stock option is June 15, 2036."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What insider transaction did Xencor (XNCR) report for Kevin Charles Gorman?
Xencor reported that director Kevin Charles Gorman received equity compensation awards, including restricted stock units and stock options. These awards were granted on June 16, 2026 and reflect non-cash compensation rather than open-market purchases or sales of existing Xencor common stock.
How many restricted stock units did Xencor (XNCR) grant to Kevin Charles Gorman?
Xencor granted 10,302 restricted stock units to director Kevin Charles Gorman. According to the filing, these restricted stock units will fully vest on the first anniversary of the June 16, 2026 grant date, assuming continued service through that vesting date.
What are the key terms of the stock options granted to the Xencor (XNCR) director?
The director received stock options for 20,604 shares of Xencor common stock at a $12.20 exercise price. These options expire on June 15, 2036 and vest in equal monthly installments over one year, becoming fully vested on June 16, 2027, starting one month after grant.
How do the new Xencor (XNCR) equity grants vest over time?
The 10,302 restricted stock units vest in full on the first anniversary of the June 16, 2026 grant. The 20,604 stock options vest in equal monthly installments over one year starting one month after that date, so all option shares are vested by June 16, 2027.