Longeveron (NASDAQ: LGVN) CEO granted stock, RSUs and 200,000-share option
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Longeveron Inc. reported that Chief Executive Officer Willard Stephen H received several equity awards. He was granted a stock option for 200,000 shares of Class A common stock at an exercise price of $0.545 per share, vesting quarterly over four years beginning on April 1, 2026.
He also received an initial hire award of 200,000 shares of Class A common stock, with 105,533 of those shares withheld to cover tax obligations. In addition, he was granted 200,000 time-based vesting RSUs. Following these awards and tax withholding, he directly holds 294,467 shares of Class A common stock, which includes RSUs subject to future vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Willard Stephen H
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 200,000 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 200,000 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 105,533 | $0.545 | $58K |
| Grant/Award | Class A Common Stock | 200,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 200,000 shares (Direct);
Class A Common Stock — 200,000 shares (Direct)
Footnotes (1)
- Represents the initial hire award of Class A Common Stock. Shares withheld to satisfy the tax obligations in connection with the initial hire award of Class A Common Stock. Represents the award of time-based vesting Restricted Stock Units (RSUs). Includes RSUs subject to future vesting. The option vests quarterly over a four-year period beginning on April 1, 2026.
FAQ
What equity awards did Longeveron (LGVN) CEO Willard Stephen H receive?
The CEO received a 200,000-share stock option at $0.545, a 200,000-share initial hire award of Class A common stock, and 200,000 time-based vesting RSUs. These grants significantly increase his equity-based compensation and align pay with Longeveron’s share performance over time.
How do the new stock options for Longeveron (LGVN) CEO vest?
The 200,000-share stock option granted to the CEO vests quarterly over a four-year period beginning on April 1, 2026. This schedule encourages longer-term retention and performance, as the full option benefit is realized only if he remains with Longeveron over that period.
What is the significance of the RSU award to the Longeveron (LGVN) CEO?
The CEO received 200,000 time-based vesting RSUs, which convert into Class A common stock as they vest. RSUs typically encourage executives to focus on long-term company performance, since their value depends on both vesting conditions and future Longeveron share prices.