QuidelOrtho (NASDAQ: QDEL) grants 73,434 options and 73,435 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SISITSKY NATHANIEL reported acquisition or exercise transactions in this Form 4 filing.
QuidelOrtho Corp granted its Chief Legal Officer, Nathaniel Sisitksy, new equity awards reported as compensation. He received 73,434 non-qualified stock options exercisable at $17.49 per share, expiring on April 15, 2036, covering 73,434 shares of common stock. He was also granted 73,435 restricted stock units, each representing one share of common stock. For these awards, 24,478 shares are scheduled to vest in equal installments on April 15, 2027 and April 15, 2028, with 24,479 shares vesting on April 15, 2029, and another schedule provides 24,478 shares vesting in equal installments on April 15, 2027, April 15, 2028 and April 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SISITSKY NATHANIEL
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 73,435 | $0.00 | -- |
| Grant/Award | Non-Qualified Stock Options | 73,434 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 73,435 shares (Direct, null);
Non-Qualified Stock Options — 73,434 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents the right to receive one share of QuidelOrtho Corporation common stock. 24,478 shares will vest in equal installments on April 15, 2027 and April 15, 2028; the remaining 24,479 shares will vest on April 15, 2029. 24,478 shares will vest in equal installments on April 15, 2027, April 15, 2028 and April 15, 2029.
Key Figures
Stock options granted: 73,434 options
Option exercise price: $17.49 per share
Option expiration: April 15, 2036
+3 more
6 metrics
Stock options granted
73,434 options
Non-qualified stock options granted on April 15, 2026
Option exercise price
$17.49 per share
Exercise price for 73,434 non-qualified stock options
Option expiration
April 15, 2036
Expiration date of granted non-qualified stock options
RSUs granted
73,435 RSUs
Restricted stock units representing common shares
RSU vesting 2027–2029
24,478 / 24,478 / 24,479 shares
Scheduled RSU vesting amounts through April 15, 2029
Options vesting 2027–2029
24,478 shares annually
One schedule provides 24,478 shares vesting each year 2027–2029
Key Terms
Non-Qualified Stock Options, Restricted Stock Units, vesting, Chief Legal Officer
4 terms
Non-Qualified Stock Options financial
"73,434 non-qualified stock options exercisable at $17.49 per share"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
Restricted Stock Units financial
"He was also granted 73,435 restricted stock units, each representing one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"24,478 shares will vest in equal installments on April 15, 2027 and April 15, 2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Chief Legal Officer financial
"granted its Chief Legal Officer, Nathaniel Sisitksy, new equity awards"
A chief legal officer is a senior executive responsible for overseeing a company's legal matters, ensuring that its activities comply with laws and regulations. They act like a company's legal guide, helping to prevent legal problems and manage risks. For investors, understanding this role is important because it reflects how well a company manages legal risks that could impact its stability and reputation.
FAQ
What equity awards did QuidelOrtho (QDEL) grant to its Chief Legal Officer?
QuidelOrtho granted its Chief Legal Officer 73,434 non-qualified stock options and 73,435 restricted stock units (RSUs). Both awards are tied to the company’s common stock and represent part of his overall equity-based compensation package.
What is the exercise price and expiration for the new QuidelOrtho (QDEL) stock options?
The new stock options have an exercise price of $17.49 per share and expire on April 15, 2036. These options cover 73,434 shares of QuidelOrtho common stock, giving long-dated potential equity participation.
How many restricted stock units did the QuidelOrtho (QDEL) Chief Legal Officer receive?
He received 73,435 restricted stock units, each representing one share of QuidelOrtho common stock. These RSUs will convert into shares as they vest over several years under the specified vesting schedules.
How do the QuidelOrtho (QDEL) RSU awards vest for the Chief Legal Officer?
One schedule states 24,478 shares vest in equal installments on April 15, 2027 and April 15, 2028, with 24,479 shares vesting on April 15, 2029. Another schedule provides 24,478 shares vesting annually from 2027 through 2029.
Are these QuidelOrtho (QDEL) transactions open-market buys or sells?
No. Both entries are coded as “A” grant or award acquisitions, indicating equity compensation grants, not open-market purchases or sales. The transactions show new options and RSUs awarded, rather than trading activity in the market.
What position does the reporting person hold at QuidelOrtho (QDEL)?
The reporting person, Nathaniel Sisitksy, serves as Chief Legal Officer of QuidelOrtho Corp. The Form 4 reflects equity compensation awards linked to his executive role within the company.