Form 4: Agenus Inc. Director Susan B. Hirsch Reports Acquisition of Deferred Stock Units

Director Susan B. Hirsch reports acquiring 32,039.161 Deferred Stock Units of Agenus Inc. on April 1, 2024, under the company's Amended and Restated Directors' Deferred Compensation Plan.

Summary

• Susan B. Hirsch, a director of Agenus Inc., filed a Form 4 on April 1, 2024, reporting a transaction.
• She acquired 32,039.161 Deferred Stock Units (DSUs) under the Agenus Inc. Amended and Restated Directors' Deferred Compensation Plan.
• These DSUs convert to common stock on a 1-for-1 basis and are typically distributed when the director ceases to serve.
• The price of each DSU acquired on April 1, 2024, is $0.66, which is the average closing price of Agenus Inc.'s common stock for all trading days during the preceding calendar quarter.
• Following the reported transaction, Hirsch beneficially owns 95,791.152 shares of Agenus Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.

Positives

• The acquisition of Deferred Stock Units by a director signals confidence in the company's future performance.

Future Outlook

The Deferred Stock Units will convert to shares of Common Stock on a 1 for 1 basis, typically once the director ceases to serve as a director of the Company.

Industry Context

Director stock ownership is a common practice to align management's interests with those of shareholders. Deferred stock units are a form of deferred compensation.

Key Dates