XOMA CIO exercises 3,737 PSUs into common stock
XOMA Royalty Corp’s Chief Investment Officer Bradley Sitko reported equity holdings and a compensation-related share conversion.
Rhea-AI Filing Summary
XOMA Royalty Corp’s Chief Investment Officer Bradley Sitko reported equity holdings and a compensation-related share conversion. On the reported date, he exercised 3,737 Performance Stock Units (PSUs) at $0.00 per unit into 3,737 shares of common stock, increasing his directly held common stock to 82,961 shares. The filing shows he continues to hold 41,112 PSUs, which each represent a right to one share of common stock and vest only if the stock reaches specified price levels and he remains in service through each vesting date. The report also lists additional indirect holdings in common stock, preferred stock, and depositary shares held by his spouse, children, and a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,737 shares exercised/converted
Exercise
10 txns
Insider
Sitko Bradley
Role
Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 3,737 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,737 | $0.00 | $0.00 |
| holding | 8.625% Series A Cumulative Perpetual Preferred Stock | -- | -- | -- |
| holding | Depositary Shares - 8.375% Series B Cumulative Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | 8.625% Series A Cumulative Perpetual Preferred Stock | -- | -- | -- |
| holding | Depositary Shares - 8.375% Series B Cumulative Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 41,112 contracts (Direct);
Common Stock — 82,961 shares (Direct);
8.625% Series A Cumulative Perpetual Preferred Stock — 313 shares (Direct);
Depositary Shares - 8.375% Series B Cumulative Stock — 7,045 shares (Direct);
Common Stock — 829 shares (Indirect, by 401(k));
Common Stock — 1,500 shares (Indirect, By spouse);
Common Stock — 150 shares (Indirect, By child);
8.625% Series A Cumulative Perpetual Preferred Stock — 82 shares (Indirect, By spouse);
Depositary Shares - 8.375% Series B Cumulative Stock — 2,000 shares (Indirect, By spouse)
Footnotes (1)
- F1. Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock (the "Common Stock"). The PSUs vest upon the Common Stock achieving a specified price per share, subject to the Reporting Person's continued service to the Issuer through each vesting date.
Key Figures
PSUs exercised: 3,737 units
Common shares acquired from PSUs: 3,737 shares
Exercise price: $0.00 per share
+5 more
8 metrics
PSUs exercised
3,737 units
Converted into common stock on reported date (M code)
Common shares acquired from PSUs
3,737 shares
Non-derivative common stock received from PSU exercise
Exercise price
$0.00 per share
Price per share for PSU conversion into common stock
Direct common stock after transaction
82,961 shares
Total directly held XOMA common stock following PSU exercise
Performance Stock Units remaining
41,112 units
PSU balance after transaction, each tied to one common share
Direct Series B depositary shares
7,045 shares
Depositary Shares - 8.375% Series B Cumulative Stock, direct holding
Direct Series A preferred shares
313 shares
8.625% Series A Cumulative Perpetual Preferred Stock, direct holding
Indirect common stock via 401(k)
829 shares
Common Stock held indirectly through a 401(k) plan
Key Terms
Performance Stock Units, cumulative perpetual preferred stock, Depositary Shares - 8.375% Series B Cumulative Stock, cumulative stock, +1 more
5 terms
Performance Stock Units financial
"Each Performance Stock Unit ("PSU") represents a contingent right to receive one share"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
cumulative perpetual preferred stock financial
"8.625% Series A Cumulative Perpetual Preferred Stock"
A cumulative perpetual preferred stock is a share that acts like a long-lasting hybrid between a bond and a dividend-paying stock: it promises regular fixed payments that, if missed, accumulate and must be paid later before common shareholders get dividends, and it has no set maturity date. Investors care because it can provide steady, higher-priority income similar to interest, but with limited capital upside, sensitivity to interest rates, and the risk that payments can be delayed even though they continue to accrue.
cumulative stock financial
"Depositary Shares - 8.375% Series B Cumulative Stock"
401(k) financial
"Common Stock ... nature_of_ownership: "by 401(k)""
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
What did XOMA (XOMA) executive Bradley Sitko report in this Form 4?
Bradley Sitko reported updated holdings in XOMA securities, including common stock, preferred stock, depositary shares, and Performance Stock Units. The filing reflects a compensation-related PSU conversion into common shares and shows both his direct and various indirect positions held through family members and a 401(k) plan.
What are the key details of the Performance Stock Units reported for XOMA (XOMA)?
The filing lists 41,112 Performance Stock Units following the transaction. Each PSU represents a contingent right to receive one XOMA common share. The PSUs vest only if the common stock reaches specified price targets and Bradley Sitko continues serving the company through each vesting date.
What indirect XOMA holdings by Bradley Sitko’s family are disclosed?
Indirect holdings include XOMA common stock held by spouse and by child, as well as common stock held through a 401(k). The filing also shows indirect preferred and depositary share positions attributed to his spouse, distinguishing these from his direct ownership.
Which preferred and depositary XOMA securities are included in Sitko’s holdings?
The report lists holdings of 8.625% Series A Cumulative Perpetual Preferred Stock and Depositary Shares representing 8.375% Series B Cumulative Stock, both directly and indirectly. Specific share counts are disclosed for each security, showing Sitko’s broader income-oriented positions beyond common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
