Form 4: Agenus Inc. Director Ulf Wiinberg Reports Acquisition of Deferred Stock Units

Director Ulf Wiinberg reports acquiring 3,423.478 Deferred Stock Units of Agenus Inc. under the company's Amended and Restated Directors' Deferred Compensation Plan.

Summary

• On October 2, 2024, Ulf Wiinberg, a director of Agenus Inc., filed a Form 4 with the SEC.
• The form reports the acquisition of 3,423.478 Deferred Stock Units on October 1, 2024.
• 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 once the director ceases to serve as a director of the Company.
• The price of each Deferred Stock Unit acquired on October 1, 2024 is $7.49.
• Following the reported transaction, Wiinberg beneficially owns 19,500.664 Deferred Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction, neither particularly positive nor negative.

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

This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation.

Key Dates