Form 4: Macrogenics Executive Jeffrey Stuart Peters Reports Stock Transactions
SEC Form 4 Filing
Senior VP and General Counsel of Macrogenics, Jeffrey Stuart Peters, reports the vesting and disposal of restricted stock units and common stock.
Summary
- Jeffrey Stuart Peters, Senior VP and General Counsel of Macrogenics Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 15, 2025, Peters exercised 13,332 restricted stock units (RSUs) which converted into common stock at a price of $0.
- Simultaneously, Peters disposed of 5,147 shares of common stock at a price of $2.56 per share to cover tax obligations.
- Following these transactions, Peters directly owns 13,711 shares of common stock and 13,332 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no inherent positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 15, 2023 | Reporting person was granted 40,000 restricted stock units, 33% of which vested on February 15, 2024 and 33% of which will vest each year thereafter. |
| February 15, 2024 | 33% of the 40,000 restricted stock units granted on February 15, 2023 vested. |
| February 15, 2025 | Reporting person exercised 13,332 restricted stock units and disposed of 5,147 shares of common stock. |
| February 19, 2025 | Date of signature for the Form 4 filing. |
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