Prothena (PRTA) grants 190,000 stock options to Chief Scientific Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zago Wagner M. reported acquisition or exercise transactions in this Form 4 filing.
PROTHENA CORP PUBLIC LTD CO reported that Chief Scientific Officer Zago Wagner M. was granted a stock option covering 190,000 shares of the company’s stock. The option was reported at a grant price of $0.00 per share and is held as direct ownership.
According to the vesting terms, 25% of the total shares under the option will vest and become exercisable on March 3, 2027. The remaining shares will vest in 1/48th increments in equal monthly installments on each monthly anniversary after that date, conditioned on Wagner’s continued employment with the company on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zago Wagner M.
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 190,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 190,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PROTHENA (PRTA) report for Zago Wagner M.?
PROTHENA reported a grant of stock options to Chief Scientific Officer Zago Wagner M. covering 190,000 shares. The Form 4 describes this as a grant or award acquisition, increasing his directly held derivative position in the company’s stock through a new option award.
What are the vesting terms for the 190,000 PROTHENA (PRTA) stock options?
The option vests 25% of the total shares on March 3, 2027, then 1/48th of the total shares in equal monthly installments thereafter. Each vesting installment is conditioned on the reporting person’s continued employment with PROTHENA on the applicable vesting date.
What is the transaction code and direction for this PROTHENA (PRTA) insider award?
The transaction uses code A, described as a grant, award, or other acquisition. It is classified as an acquisition of derivative securities, not an open-market purchase, and is reported as a direct ownership position by the Chief Scientific Officer in this Form 4.
When will the PROTHENA (PRTA) stock option first become exercisable for the insider?
The stock option will first become exercisable for 25% of the total 190,000 shares on March 3, 2027. Additional shares will then become exercisable in equal monthly installments, contingent on the insider’s continued employment with PROTHENA on each respective vesting date.