Zentalis (ZNTL) director awarded 57,100 RSUs, boosting holdings to 307,521 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Johnson David Michael reported acquisition or exercise transactions in this Form 4 filing.
Zentalis Pharmaceuticals director David Michael Johnson received an equity award rather than making an open-market trade. He was granted 57,100 restricted stock units under the company’s Non-Employee Director Compensation Program, each representing one share of common stock at no cash cost to him.
The units will vest on the earlier of June 16, 2027 or the next annual stockholder meeting, as long as he continues serving on the board through that date. Following this award, Johnson directly holds 307,521 shares of Zentalis common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson David Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 57,100 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 307,521 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 57,100 restricted stock units
Post-grant holdings: 307,521 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
RSU grant size
57,100 restricted stock units
Grant to director David Michael Johnson on June 16, 2026
Post-grant holdings
307,521 shares
Total common stock directly held after the RSU award
Grant price per share
$0.0000 per share
Reported transaction price for the RSU grant
Vesting date
June 16, 2027
Latest possible vesting date, or earlier at next annual meeting
Key Terms
restricted stock units, Non-Employee Director Compensation Program, vest, contingent right
4 terms
restricted stock units financial
"Represents restricted stock units granted pursuant to the Issuer's Non-Employee Director Compensation Program"
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.
Non-Employee Director Compensation Program financial
"restricted stock units granted pursuant to the Issuer's Non-Employee Director Compensation Program"
vest financial
"which will vest on the first to occur of (a) June 16, 2027 or (b) the next occurring annual meeting"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"each of which represents a contingent right to receive one share of common stock"
FAQ
What did Zentalis (ZNTL) director David Michael Johnson report on this Form 4?
David Michael Johnson reported receiving 57,100 restricted stock units in Zentalis Pharmaceuticals as a board compensation award. These units are not a market purchase and were granted at no cash cost, increasing his direct equity-based position in the company.
What are the vesting terms of the 57,100 Zentalis (ZNTL) restricted stock units?
The 57,100 restricted stock units vest on the first to occur of June 16, 2027 or Zentalis’ next annual stockholder meeting. Vesting is contingent on Johnson’s continued service on the company’s board of directors through the applicable vesting date.
Is David Michael Johnson’s Zentalis (ZNTL) Form 4 a stock purchase or a compensation grant?
The Form 4 reflects a compensation grant, not an open-market stock purchase. Johnson received 57,100 restricted stock units under Zentalis’ Non-Employee Director Compensation Program as part of his board service, with no per-share purchase price reported.
What does each Zentalis (ZNTL) restricted stock unit granted to David Michael Johnson represent?
Each restricted stock unit represents a contingent right to receive one share of Zentalis common stock. The units convert into shares only upon vesting, which requires Johnson to remain on the board through the earlier of June 16, 2027 or the next annual stockholder meeting.