Zymeworks (NASDAQ: ZYME) grants CFO large option and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zymeworks Inc. reported that EVP and Chief Financial Officer Kristin Stafford received new equity compensation awards. She was granted stock options for 178,000 shares of common stock at an exercise price of $25.84 per share, expiring on April 5, 2036. These options vest 25% on the first anniversary of the grant date, with the remaining 75% vesting in 36 equal monthly installments thereafter.
Stafford also received two restricted stock unit grants. One award covers 119,000 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date. The other covers 50,000 RSUs, vesting in three equal annual installments starting on the first anniversary. Each RSU converts into one share of common stock upon vesting, and the filing shows no open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Stafford Kristin
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 178,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 119,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 50,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 178,000 shares (Direct);
Restricted Stock Unit — 119,000 shares (Direct)
Footnotes (1)
- Stock options vest as follows: (i) 25% of underlying shares of common stock on first anniversary of grant date and (ii) remainder of underlying shares of common stock in 36 equal monthly installments on last day of month following first anniversary of grant date. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. RSUs vest in four equal annual installments beginning on first anniversary of grant date. RSUs vest in three equal annual installments beginning on first anniversary of grant date.
Key Figures
Stock options granted: 178,000 shares
Option exercise price: $25.84/share
Option expiration: April 5, 2036
+5 more
8 metrics
Stock options granted
178,000 shares
Right to buy common stock at $25.84, granted April 6, 2026
Option exercise price
$25.84/share
Exercise price for 178,000 stock options
Option expiration
April 5, 2036
Expiration date for 178,000 stock options
RSU grant 1
119,000 units
RSUs vest in four equal annual installments from first anniversary
RSU grant 2
50,000 units
RSUs vest in three equal annual installments from first anniversary
Options held after grant
178,000 options
Total stock options owned directly following the grant
RSUs held after grant 1
119,000 RSUs
Total units from four-year vesting award after grant
RSUs held after grant 2
50,000 RSUs
Total units from three-year vesting award after grant
Key Terms
Stock Option (Right to Buy), Restricted Stock Unit, RSU, vest, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit""
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.
RSU financial
"Each restricted stock unit ("RSU") represents the contingent right to receive"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
vest financial
"RSUs vest in four equal annual installments beginning on first anniversary of grant date."
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.
grant date financial
"on first anniversary of grant date and (ii) remainder of underlying shares"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
What equity awards did Zymeworks (ZYME) CFO Kristin Stafford receive?
Kristin Stafford received a grant of 178,000 stock options at $25.84 and two RSU awards of 119,000 and 50,000 units. These represent non-cash, long-term equity incentives that convert into common shares over multi-year vesting schedules.
How do Kristin Stafford’s 178,000 Zymeworks stock options vest?
The 178,000 stock options vest 25% on the first anniversary of the grant date, then the remaining 75% in 36 equal monthly installments. This structure encourages longer-term retention by spreading the benefit over several years after the initial cliff vest.
What are the terms of Kristin Stafford’s 119,000 RSU award at Zymeworks (ZYME)?
The 119,000 restricted stock units vest in four equal annual installments beginning on the first anniversary of the grant date. Each vested RSU delivers one share of common stock, aligning compensation with the company’s long-term share performance over four years.
How does the 50,000 RSU grant to Zymeworks CFO vest?
The 50,000 restricted stock units vest in three equal annual installments starting on the first anniversary of the grant date. As each tranche vests, it converts into common shares, providing an additional three-year equity incentive for the executive.