Form 4: Agenus Inc. Director Timothy Wright Acquires Deferred Stock Units

Director Timothy Wright acquired deferred stock units in Agenus Inc. under the company's Amended and Restated Directors' Deferred Compensation Plan.

Summary

• On October 1, 2024, Timothy Wright, a director of Agenus Inc., acquired 1,252.492 deferred stock units.
• These units were acquired under the Agenus Inc. Amended and Restated Directors' Deferred Compensation Plan.
• The deferred stock units convert to shares of common stock on a 1-for-1 basis and are typically distributed when the director ceases to serve.
• The price of each Deferred Stock Unit acquired on October 1, 2024 is $7.49.
• Following the transaction, Wright directly owns 11,671.423 shares of Agenus Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to director compensation, indicating a neutral sentiment.

Industry Context

This filing reflects standard compensation practices for directors, often involving deferred stock units that vest over time or upon departure from the board.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the issuance of deferred stock units to a director.
• The transaction has a minor impact on employees as it involves the issuance of deferred stock units to a director.

Key Dates