XOMA (XOMA) CEO Owen Hughes exercises 10,568 PSUs and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
XOMA Royalty Corp director and CEO Owen Hughes reported equity compensation activity and updated holdings. On April 20, 2026, he exercised 10,568 Performance Stock Units, receiving an equal number of shares of XOMA common stock at a stated price of $0.00 per share.
Following this transaction, he holds 191,264 shares of common stock directly and 295 shares of common stock indirectly through a 401(k) plan. He also reports 102,000 depositary shares of 8.375% Series B cumulative preferred stock and a remaining balance of 116,245 Performance Stock Units, each tied to future vesting based on stock price and continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,568 shares exercised/converted
Mixed
4 txns
Insider
Hughes Owen
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 10,568 | $0.00 | -- |
| Exercise | Common Stock | 10,568 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares - 8.375% Series B Cumulative Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 116,245 shares (Direct, null);
Common Stock — 191,264 shares (Direct, null);
Common Stock — 295 shares (Indirect, By 401(k) Plan);
Depositary Shares - 8.375% Series B Cumulative Stock — 102,000 shares (Direct, null)
Footnotes (1)
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Key Figures
PSUs exercised: 10,568 units
Exercise price: $0.00 per share
Common shares held directly: 191,264 shares
+5 more
8 metrics
PSUs exercised
10,568 units
Performance Stock Units converted to common stock on April 20, 2026
Exercise price
$0.00 per share
Stated price for PSU-to-common stock conversion
Common shares held directly
191,264 shares
Direct XOMA common stock ownership after transactions
Common shares held via 401(k)
295 shares
Indirect XOMA common stock ownership through 401(k) plan
Depositary shares held
102,000 shares
8.375% Series B Cumulative Stock depositary shares reported as holdings
PSUs remaining
116,245 units
Performance Stock Units outstanding after the reported exercise
PSU expiration date
March 11, 2029
Expiration date reported for the Performance Stock Units
PSU conversion ratio
1 PSU : 1 share
Each PSU represents a contingent right to one common share
Key Terms
Performance Stock Units, contingent right, 8.375% Series B Cumulative Stock, 401(k) Plan, +1 more
5 terms
Performance Stock Units financial
"Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock"
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.
contingent right financial
"represents a contingent right to receive one share of the Issuer's common stock"
8.375% Series B Cumulative Stock financial
"Depositary Shares - 8.375% Series B Cumulative Stock"
401(k) Plan financial
"Common Stock ... nature_of_ownership: By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What insider transactions did XOMA (XOMA) report for Owen Hughes on this Form 4?
The filing shows Owen Hughes exercised 10,568 Performance Stock Units into an equal number of XOMA common shares at $0.00 per share. It also updates his direct, indirect, preferred share, and remaining performance unit holdings as of April 20, 2026.
What are the details of Owen Hughes’ Performance Stock Units in XOMA (XOMA)?
Each Performance Stock Unit represents a contingent right to receive one XOMA common share. The PSUs vest only if the common stock reaches specified share price targets and Hughes continues serving the company through each vesting date, aligning compensation with longer-term stock performance.
What preferred-style securities does Owen Hughes hold in XOMA (XOMA)?
The Form 4 shows Hughes holding 102,000 depositary shares of XOMA’s 8.375% Series B Cumulative Stock. These depositary shares are separate from common stock and reflect a distinct class of income-oriented securities with a stated 8.375% cumulative rate.
Did the XOMA (XOMA) Form 4 report any stock sales by Owen Hughes?
The filing does not report any open‑market sales. The principal transaction is the exercise of 10,568 Performance Stock Units into common shares at $0.00 per share, along with updated holdings entries for common stock and depositary preferred shares.