Sarepta (NASDAQ: SRPT) R&D president earns 1,875 performance stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sarepta Therapeutics, Inc. reported that executive Louise Rodino-Klapac, President of R&D and Tech Ops, acquired 1,875 Performance Stock Units (PSUs) on the basis of a prior equity award. These PSUs were earned under a PSU grant originally awarded on March 1, 2024.
The number of PSUs earned reflects the compensation committee’s assessment of the company’s achievement of specified milestones in that award. Following this transaction, Rodino-Klapac holds a total of 8,125 PSUs. The earned PSUs are scheduled to vest on March 1, 2026, provided she continues to serve the company through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rodino-Klapac Louise
Role
President, R&D and Tech Ops
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 1,875 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units — 8,125 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Sarepta Therapeutics (SRPT) report for Louise Rodino-Klapac?
Sarepta reported that Louise Rodino-Klapac acquired 1,875 Performance Stock Units. These units were earned under a prior PSU award, based on milestone achievement determined by the compensation committee, and increase her total PSU holdings to 8,125 units.
When were the Sarepta Therapeutics PSUs originally granted to Louise Rodino-Klapac?
The 1,875 earned Performance Stock Units relate to a PSU award granted on March 1, 2024. The award’s payout depended on Sarepta’s achievement of prescribed milestones, which the compensation committee later evaluated to determine the number of PSUs actually earned.
How many Sarepta Therapeutics PSUs does Louise Rodino-Klapac hold after this Form 4?
After this transaction, Louise Rodino-Klapac holds 8,125 Performance Stock Units. This total reflects the 1,875 PSUs earned under the March 1, 2024 award, combined with her previously reported PSU holdings, all reported as directly owned.
What conditions apply to the vesting of Louise Rodino-Klapac’s earned Sarepta PSUs?
The earned Performance Stock Units will vest on March 1, 2026. Vesting is conditioned on Louise Rodino-Klapac continuing to provide service to Sarepta Therapeutics through that date, meaning she must remain with the company for the units to fully vest.
What does the compensation committee’s milestone assessment mean for Sarepta’s PSU award?
The compensation committee reviewed Sarepta’s achievement of specified milestones under the PSU award. Based on this assessment, it determined that 1,875 shares were earned, converting performance targets into actual PSUs credited to Louise Rodino-Klapac’s direct equity-based compensation.
Was there any purchase price for the Sarepta Therapeutics PSUs granted to Louise Rodino-Klapac?
The Form 4 shows a price per unit of $0.00 for the 1,875 PSUs. This indicates the units were granted as part of compensation, rather than bought on the open market, reflecting non-cash, equity-based incentive pay tied to performance goals.