Zevra (ZVRA) SVP receives RSUs and options vesting from 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zevra Therapeutics senior vice president of finance and corporate controller Timothy J. Sangiovanni received new equity awards. He was granted 20,000 restricted stock units, each representing one share of common stock, and a stock option for 40,000 shares at an exercise price of $11.40 per share. The option vests in four equal annual installments beginning on March 1, 2027, while the restricted stock units vest one third on March 1, 2027 and the remaining two thirds in equal annual installments thereafter, in each case subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sangiovanni Timothy J.
Role
SVP, Finance & Corp Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 40,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 20,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 40,000 shares (Direct, null);
Restricted Stock Unit — 20,000 shares (Direct, null)
Footnotes (1)
- Grant to the Reporting Person of a stock option under the Issuer's Amended and Restated 2014 Equity Incentive Plan (the "Plan"). The option will vest and become exercisable in four equal annual installments beginning on March 1, 2027, subject to the Reporting Person's continued service on such vesting date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units will vest and settle as to one third of the restricted stock units on March 1, 2027, and the remaining two thirds of the restricted stock units will vest and settle in equal annual installments thereafter, subject in each case to the Reporting Person's continued service through such vesting date.
Key Figures
Restricted stock units granted: 20,000 units
Stock options granted: 40,000 options
Option exercise price: $11.40 per share
+3 more
6 metrics
Restricted stock units granted
20,000 units
Each RSU equals one share of common stock
Stock options granted
40,000 options
Option to buy common stock
Option exercise price
$11.40 per share
Stock option conversion/exercise price
Option vesting start
March 1, 2027
Four equal annual installments from this date
RSU initial vesting
One third on March 1, 2027
Remaining two thirds vest annually thereafter
Option expiration
May 27, 2036
Expiration date of stock option grant
Key Terms
Restricted Stock Unit, Stock Option (right to buy), Amended and Restated 2014 Equity Incentive Plan, vest and settle, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Stock Option (right to buy) financial
"Grant to the Reporting Person of a stock option under the Issuer's Amended and Restated 2014 Equity Incentive Plan"
Amended and Restated 2014 Equity Incentive Plan financial
"stock option under the Issuer's Amended and Restated 2014 Equity Incentive Plan"
vest and settle financial
"The restricted stock units will vest and settle as to one third of the restricted stock units"
exercise price financial
"conversion_or_exercise_price: "11.4000""
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.
FAQ
What insider transactions did ZEVRA (ZVRA) report for Timothy J. Sangiovanni?
Zevra reported that Timothy J. Sangiovanni received equity awards, not open-market trades. He was granted 20,000 restricted stock units and a stock option covering 40,000 shares of common stock as part of his compensation package.
How many restricted stock units did the ZEVRA (ZVRA) executive receive?
Timothy J. Sangiovanni received 20,000 restricted stock units. Each unit represents a contingent right to receive one share of Zevra’s common stock, subject to the vesting schedule and his continued service with the company through the applicable vesting dates.
What stock option grant was reported for the ZEVRA (ZVRA) SVP of Finance?
He was granted a stock option for 40,000 shares of Zevra common stock at an exercise price of $11.40 per share. The option was issued under the company’s Amended and Restated 2014 Equity Incentive Plan as part of his equity compensation.
When do Timothy J. Sangiovanni’s ZEVRA (ZVRA) stock options vest?
The stock option vests and becomes exercisable in four equal annual installments beginning on March 1, 2027. Each installment is subject to his continued service with Zevra on the relevant vesting date, as described in the Form 4 footnotes.
What is the vesting schedule for ZEVRA (ZVRA) restricted stock units granted?
The restricted stock units vest and settle as to one third on March 1, 2027. The remaining two thirds vest and settle in equal annual installments thereafter, provided Timothy J. Sangiovanni continues his service through each vesting date.
Under which plan were the ZEVRA (ZVRA) equity awards granted?
The stock option grant to Timothy J. Sangiovanni was made under Zevra’s Amended and Restated 2014 Equity Incentive Plan. This plan governs the terms of the option award, including vesting conditions and the right to purchase common shares.