Form 4: Adagio Medical Holdings Director, Sandra A. Gardiner, Reports Stock Option Grant

Sandra A. Gardiner, a director of Adagio Medical Holdings, Inc., reported the acquisition of non-qualified stock options for 90,000 shares on March 20, 2025.

Summary

• Sandra A. Gardiner, a director at Adagio Medical Holdings, Inc. (ADGM), filed a Form 4 with the SEC.
• The filing reports the grant of non-qualified stock options to Gardiner on March 20, 2025.
• Gardiner received options for 90,000 shares of Adagio Medical Holdings common stock at an exercise price of $0.865 per share.
• The options were granted under the company's 2024 Equity Incentive Plan and approved by the Compensation Committee.
• The options vest monthly over a three-year period, starting July 31, 2024, with 1/36th of the shares vesting each month of continuous service.
• The options expire on July 31, 2034.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of stock options is a standard practice and generally viewed as a positive sign of aligning management interests with shareholders.

Positives

• The stock option grant aligns the director's interests with those of the shareholders, incentivizing her to work towards increasing the company's value.
• The vesting schedule encourages long-term commitment from the director.

Industry Context

Stock option grants are a common practice in the medical device industry to attract and retain talent, aligning their interests with the company's long-term success.

Comparison to Industry Standards

• Stock option grants are a standard component of executive compensation packages in the medical device industry.
• Companies like Medtronic, Boston Scientific, and Abbott also utilize stock options to incentivize their directors and key employees.
• The vesting schedule and exercise price are typical for similar grants in the industry.

Stakeholder Impact

• Shareholders may view the stock option grant positively as it aligns the director's interests with the company's performance.
• Employees may see it as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Form 4, stock options, Adagio Medical Holdings, ADGM, Sandra A. Gardiner, director, equity incentive plan, beneficial ownership