Form 4: Biogen Executive Jane Grogan Reports Stock Transactions
SEC Form 4 Filing
Jane Grogan, Head of Research at Biogen, reports the acquisition and disposal of common stock and restricted stock units on November 1, 2024.
Summary
- On November 1, 2024, Jane Grogan, Head of Research at Biogen, reported transactions involving Biogen's common stock and restricted stock units.
- Grogan acquired 695 shares of common stock through the vesting of restricted stock units.
- Simultaneously, 204 shares were disposed of to cover tax obligations at a price of $173.79 per share.
- Following these transactions, Grogan directly owns 491 shares of Biogen common stock and 1,390 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 11/01/2023 | Grant date of the restricted stock units, which vest in three equal yearly installments beginning on the first anniversary. |
| 11/01/2024 | Date of the reported transactions: acquisition and disposal of common stock and vesting of restricted stock units. |
| 11/04/2024 | Date of signature on the Form 4 filing. |
| 11/01/2026 | Expiration date of the restricted stock units. |
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