Form 4: Agenus Director Receives Stock Compensation
Statement of Changes in Beneficial Ownership
Agenus Inc. director Thomas L. Harrison received 9,228 shares of common stock as compensation under the company's Board Compensation Election Policy.
Summary
- Thomas L. Harrison, a Director at Agenus Inc., received 9,228 shares of common stock on April 1, 2026.
- These shares were acquired under the Agenus Inc. Board Compensation Election Policy, allowing directors to elect to receive fees in company stock.
- The acquisition price is based on the average closing price of the company's common stock during the preceding calendar quarter, which was $3.319 per share.
- Following this transaction, Mr. Harrison beneficially owns 38,998 shares of Agenus Inc. common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine compensation transaction for a director rather than a significant financial event or strategic shift.
Positives
- Director compensation is being paid in stock, aligning director interests with shareholders.
- The company has a policy in place for directors to receive equity compensation, potentially incentivizing long-term performance.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that the use of stock-based compensation for directors is a common practice in the biotechnology and pharmaceutical sectors, aiming to align executive and director interests with long-term shareholder value creation. This aligns with industry trends where companies utilize equity to attract and retain talent and incentivize performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation Policy | Acquisition of shares by Director Thomas L. Harrison under the Agenus Inc. Board Compensation Election Policy, allowing directors to elect to receive fees in common stock. | 04/01/2026 | Reinforces alignment of director interests with shareholders by providing equity ownership. |
Related Party Transactions
- Director Thomas L. Harrison received 9,228 shares of common stock as compensation under the company's Board Compensation Election Policy.
Stakeholder Impact
- Shareholders: The issuance of stock to directors aligns their interests with shareholders, as their compensation is tied to the company's stock performance. Dilution is minimal given the nature of the transaction.
- Employees: This filing does not directly impact employees.
- Management: Reinforces the company's compensation strategy for its board.
- Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 04/01/2026 | Transaction Date (Acquisition of common stock by Thomas L. Harrison) |
| 04/13/2026 | Date of Report Signature |
Keywords
Agenus Inc., Form 4, Director Compensation, Stock Award, Equity Compensation, SEC Filing, AGEN
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