Form 4: Myriad Genetics Executive Kevin Haas Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Technology Officer Kevin Richard Haas reports acquisition and disposal of Myriad Genetics stock and performance-based restricted stock units.
Summary
- Kevin Richard Haas, Chief Technology Officer of Myriad Genetics Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 7, 2025, Haas acquired 12,758 shares of common stock at $0 price related to performance-based restricted stock units (PSUs) granted on March 22, 2022.
- The final award amount was determined by the Compensation and Human Capital Committee based on the accomplishment of pre-determined performance metrics.
- These PSUs represent a contingent right to receive one share of the company's common stock and vest on March 22, 2025.
- Haas also disposed of 141,324 shares of common stock.
- Following these transactions, Haas beneficially owns 141,324 shares of Myriad Genetics Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- It assures stakeholders that executive compensation is tied to performance metrics.
Key Dates
| Date | Description |
|---|---|
| 03/22/2022 | Initial grant date of performance-based restricted stock units (PSUs). |
| 02/07/2025 | Transaction date for acquisition and disposal of shares; final award amount determined for PSUs. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
| 03/22/2025 | Vesting date for the performance-based restricted stock units (PSUs). |
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