Form 4: GRAIL Director Summe Acquires Stock Units

GRAIL Director Gregory Summe acquired 329 deferred stock units on January 15, 2026, in lieu of cash fees for his service.

Summary

• Gregory L. Summe, a Director of GRAIL, Inc., acquired 329 shares of common stock on January 15, 2026.
• The acquisition was in the form of deferred stock units granted under GRAIL's deferred stock program and 2024 Incentive Award Plan.
• These units were granted in lieu of $32,136.98 of cash fees payable to Mr. Summe for his director service.
• The price per share used for the grant was $97.44, which was the closing price of GRAIL's common stock on January 15, 2026.
• The awards vested immediately upon the grant date.
• Following this transaction, Mr. Summe beneficially owns 39,123 shares of GRAIL common stock.

Sentiment

Score: 7

Explanation: The sentiment is positive as a director is increasing their equity stake in the company by taking stock in lieu of cash, indicating confidence and alignment with shareholder interests.

Positives

• A director choosing to receive compensation in stock rather than cash demonstrates alignment with shareholder interests.
• The immediate vesting of the deferred stock units indicates a direct and immediate increase in the director's equity stake.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Industry Context

This routine insider transaction reflects a director's compensation structure and personal investment decisions, which is common across industries for aligning management and board interests with shareholders. It does not provide broader industry trend insights.

Comparison to Industry Standards

• The practice of granting deferred stock units in lieu of cash fees for director service is a common corporate governance mechanism, aligning director incentives with long-term shareholder value, similar to practices at companies like Illumina or Exact Sciences in the life sciences sector.

Related Party Transactions

• The grant of deferred stock units to Director Gregory L. Summe in lieu of cash fees constitutes a related party transaction, as it involves compensation to a member of the company's board of directors.

Stakeholder Impact

• Shareholders: Increased alignment of a director's financial interests with those of shareholders, potentially fostering more shareholder-centric decision-making.
• Employees: No direct impact mentioned.

Key Dates

Keywords

GRAIL Inc., GRAL, Gregory L. Summe, Director, Insider Transaction, Form 4, Deferred Stock Units, Equity Compensation, Stock Acquisition