Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SGEN | Common Stock | Award | $0 | +107K | $0.00 | 107K | Nov 9, 2022 | Direct | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SGEN | Incentive Stock Option (Right to Buy) | Award | $0 | +2.9K | $0.00 | 2.9K | Nov 9, 2022 | Common Stock | 2.9K | $137.96 | Direct | F3 | |
transaction | SGEN | Non-Qualified Stock Option (Right to Buy) | Award | $0 | +240K | $0.00 | 240K | Nov 9, 2022 | Common Stock | 240K | $137.96 | Direct | F3 | |
transaction | SGEN | Non-Qualified Stock Option (Right to Buy) | Award | $0 | +400K | $0.00 | 400K | Nov 9, 2022 | Common Stock | 400K | $137.96 | Direct | F4 |
Id | Content |
---|---|
F1 | These shares represent restricted stock units and will be settled in common stock upon vesting. |
F2 | Shares shall vest at a rate of 25% on each anniversary of November 9, 2022, until all shares are fully vested at the end of four years. |
F3 | Options shall vest at a rate of 25% one year from grant date and monthly thereafter until all options are fully vested four years from grant date. |
F4 | Options are subject to performance vesting in tranches tied to price targets for shares of the Issuer's common stock generally achievable on specified timelines on or before December 31, 2028 or an earlier change of control of the Issuer. Each such tranche will time-vest 1/3 on the date of performance vesting, 1/3 on the 9 month anniversary of performance vesting and 1/3 on the 18 month anniversary of performance vesting. |