Director Dean J. Mitchell granted shares and options at Theravance (NASDAQ: TBPH)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Theravance Biopharma director Dean J. Mitchell received equity compensation, gaining 6,009 ordinary shares and a grant of options for 13,398 ordinary shares. The options have an exercise price of $16.64 per share and vest monthly, with remaining unvested options vesting by the next annual shareholder meeting if service continues.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MITCHELL DEAN J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Option (Right to Buy) | 13,398 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 6,009 | $0.00 | -- |
Holdings After Transaction:
Share Option (Right to Buy) — 13,398 shares (Direct, null);
Ordinary Shares — 97,213 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Share grant: 6,009 ordinary shares
Options granted: 13,398 options
Exercise price: $16.64 per share
+3 more
6 metrics
Share grant
6,009 ordinary shares
Equity award to Dean J. Mitchell
Options granted
13,398 options
Share Option (Right to Buy) grant
Exercise price
$16.64 per share
Strike price of granted options
Shares after grant
97,213 ordinary shares
Total direct holdings after transaction
Option expiration
June 11, 2036
End of exercise period for options
Vesting schedule
1/12 monthly
Portion of option shares vest each month of service
Key Terms
Share Option (Right to Buy), exercise price, continuous month of service, annual meeting of the company's shareholders
4 terms
exercise price financial
"conversion_or_exercise_price: "16.6400""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
continuous month of service other
"when optionee completes each continuous month of service following the grant date"
FAQ
What did Theravance Biopharma (TBPH) director Dean J. Mitchell receive in this Form 4?
Dean J. Mitchell received 6,009 ordinary shares and a grant of options for 13,398 ordinary shares as equity compensation, according to the Form 4 insider transaction data.
What is the exercise price of the new Theravance Biopharma (TBPH) options?
The newly granted options have an exercise price of $16.64 per share. This is the price at which Dean J. Mitchell can buy Theravance Biopharma ordinary shares under the option grant.
How do the new Theravance Biopharma (TBPH) options vest for Dean J. Mitchell?
The options vest as to 1/12 of the shares each month of continuous service following the grant date, with any remaining unvested options vesting on the date of the next annual shareholder meeting if he remains in service.
When do the newly granted Theravance Biopharma (TBPH) options expire?
The granted options expire on June 11, 2036. After that date, Dean J. Mitchell will no longer be able to exercise these options to acquire ordinary shares at the stated exercise price.