Zymeworks Inc. (ZYME) grants RSUs and stock options to EVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schneider Paul R reported acquisition or exercise transactions in this Form 4 filing.
Zymeworks Inc. reported that EVP and General Counsel Paul R. Schneider received new equity compensation. On May 13, 2026, he was granted 119,000 restricted stock units, each representing one share of common stock upon vesting, and 178,000 stock options with a strike price of $24.57 per share.
The options vest 25% on the first anniversary of the grant and the remaining 75% in 36 equal monthly installments. The RSUs vest in four equal annual installments beginning on the first anniversary of the grant date. Following these awards, he holds 119,000 RSUs and 178,000 options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schneider Paul R
Role
EVP, General Counsel
| 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 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 178,000 shares (Direct, null);
Restricted Stock Unit — 119,000 shares (Direct, null)
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.
Key Figures
RSU grant: 119,000 units
Stock option grant: 178,000 options
Option exercise price: $24.57 per share
+3 more
6 metrics
RSU grant
119,000 units
Restricted stock units granted on May 13, 2026
Stock option grant
178,000 options
Stock options granted on May 13, 2026
Option exercise price
$24.57 per share
Conversion or exercise price for stock options
Option expiration
May 12, 2036
Expiration date of stock options
RSUs after grant
119,000 units
Total RSUs held following transaction
Options after grant
178,000 options
Total options held following transaction
Key Terms
Restricted Stock Unit, Stock Option (Right to Buy, vest, anniversary of grant date, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting..."
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
"Security title listed as "Stock Option (Right to Buy)" with an exercise price of $24.57..."
vest financial
"Stock options vest as follows: 25% on the first anniversary and the remainder in 36 monthly installments..."
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.
anniversary of grant date financial
"Stock options vest 25% on the first anniversary of grant date and RSUs begin vesting then..."
common stock financial
"Each RSU represents the right to receive one share of the Issuer's common stock upon vesting..."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What equity awards did ZYME executive Paul R. Schneider receive?
Paul R. Schneider received 119,000 restricted stock units and 178,000 stock options as equity compensation. Each RSU converts into one Zymeworks common share upon vesting, while the options allow purchase at a fixed exercise price of $24.57 per share.
How do Paul R. Schneider’s new ZYME stock options vest?
The 178,000 Zymeworks stock options vest 25% on the first anniversary of the grant date. The remaining 75% then vest in 36 equal monthly installments, providing a long-term, time-based vesting schedule tied to continued service with the company.
What is the vesting schedule for ZYME restricted stock units granted to Schneider?
The 119,000 restricted stock units vest in four equal annual installments starting on the first anniversary of the grant date. Each vested RSU delivers one share of Zymeworks common stock, aligning a portion of Schneider’s compensation with long-term shareholder value.
What does each ZYME restricted stock unit granted to Schneider represent?
Each restricted stock unit represents the contingent right to receive one share of Zymeworks common stock upon vesting. Schneider must satisfy the time-based vesting conditions before shares are delivered, making the award a form of deferred equity compensation.
When do Paul R. Schneider’s ZYME stock options expire?
The stock options granted to Paul R. Schneider expire on May 12, 2036. He may exercise vested options at $24.57 per share any time before this expiration date, subject to the company’s equity plan and applicable trading restrictions.