Form 4: DURECT Corp CFO Acquires 110,000 Stock Options
SEC Form 4 Filing
Timothy M. Papp, CFO of DURECT Corporation, reports the acquisition of 110,000 stock options.
Summary
- On October 14, 2024, Timothy M. Papp, the Chief Financial Officer of DURECT Corporation, acquired 110,000 stock options.
- The options have an exercise price of $1.30.
- The options vest in installments every three months, contingent upon continuous service to the company.
- The options expire on October 14, 2034.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard stock option grant to an executive.
Industry Context
This is a routine disclosure of stock option grants to a company executive, a common practice in publicly traded companies to incentivize performance and align management interests with those of shareholders.
Stakeholder Impact
- The stock option grant aligns the CFO's interests with those of the shareholders, potentially incentivizing him to improve company performance.
Key Dates
| Date | Description |
|---|---|
| 10/14/2024 | Date of the stock option grant. |
| 10/14/2034 | Expiration date of the stock options. |
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