Form 4: Achieve Life Sciences Executive Jerry Wan Acquires Performance-Based Stock Units
SEC Form 4
Jerry Wan, Principal Accounting Officer of Achieve Life Sciences, was granted 48,000 Performance Restricted Stock Units (PRSUs) on January 28, 2025, according to a Form 4 filing.
Summary
- On January 28, 2025, Jerry Wan, the Principal Accounting Officer of Achieve Life Sciences, received 48,000 Performance Restricted Stock Units (PRSUs).
- Each PRSU represents a contingent right to receive one share of Achieve Life Sciences' common stock upon settlement.
- The number of shares that ultimately vest can range from 0% to 100% of the initially granted PRSUs, depending on the achievement of certain milestones during the measurement period.
- The PRSUs were directly owned by Jerry Wan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock unit grants. The value is dependent on the performance of the company.
Future Outlook
The vesting of the PRSUs is contingent upon the achievement of certain milestones during the measurement period, influencing the number of shares ultimately received.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the incentives and ownership structure of key personnel.
Stakeholder Impact
- The grant of PRSUs aligns the interests of the Principal Accounting Officer with those of the shareholders, as the value of the units is tied to the company's performance.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Date of transaction: Jerry Wan acquired 48,000 Performance Restricted Stock Units (PRSUs). |
| 01/28/2035 | Expiration date of the Performance Restricted Stock Units (PRSUs). |
| 01/30/2025 | Date of Form 4 filing. |
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