Prothena (PRTA) Chief Accounting Officer awarded stock option for 150,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROTHENA CORP PUBLIC LTD CO reported that Chief Accounting Officer Karin L. Walker acquired a stock option covering 150,000 shares of the company’s stock. This option was reported as a grant or award acquisition in a Form 4 insider filing.
According to the vesting terms, 25% of the 150,000 shares subject to the option will vest and become exercisable on March 3, 2027. The remaining portion will vest in 1/48th increments in equal monthly installments on each monthly anniversary after that date, conditioned on Ms. Walker’s continued employment with the company on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Walker Karin L
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 150,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 150,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PROTHENA (PRTA) report for Karin L. Walker?
PROTHENA reported that Chief Accounting Officer Karin L. Walker received a stock option grant covering 150,000 shares. The Form 4 classifies this as a grant, award, or other acquisition of a derivative security with direct ownership reported after the transaction.
What is the vesting schedule for Karin L. Walker’s PROTHENA (PRTA) stock option?
The option vests 25% of the total shares on March 3, 2027. The remaining shares vest in 1/48th of the total number in equal monthly installments on each monthly anniversary thereafter, subject to Ms. Walker’s continued employment on each vesting date.
What role does Karin L. Walker hold at PROTHENA (PRTA) in this Form 4 filing?
In this Form 4, Karin L. Walker is identified as an officer of PROTHENA, serving as Chief Accounting Officer. She is not listed as a director or ten percent owner, and the reported stock option is held with direct ownership status.
Is the PROTHENA (PRTA) stock option grant to Karin L. Walker a buy or an acquisition?
The transaction is classified as an acquisition through a grant or award, not an open-market buy. The Form 4 uses transaction code “A” and describes it as a grant, award, or other acquisition of a derivative security rather than a purchase in the market.
What conditions affect vesting of Karin L. Walker’s PROTHENA (PRTA) option?
Vesting of the option is conditioned on Karin L. Walker’s continued employment with PROTHENA on each vesting date. Both the initial 25% vesting on March 3, 2027, and the subsequent monthly 1/48th installments require ongoing employment for shares to become exercisable.