Form 4: Natera Director James Healy Receives Stock Units in Lieu of Fees

Director James Healy received 210 Restricted Stock Units (RSUs) from Natera, Inc. in lieu of quarterly retainer fees.

Summary

• On April 26, 2024, James Healy, a director of Natera, Inc., received 210 Restricted Stock Units (RSUs).
• These RSUs were issued in lieu of $19,375 in quarterly retainer fees for his service on the Board of Directors.
• The RSUs were fully vested at the time of issuance and each RSU represents a contingent right to receive one share of Natera's Common Stock.
• Following the transaction, Healy directly owns 42,710 shares of Natera's Common Stock.
• Healy also indirectly owns 1,550,280 shares through Sofinnova Venture Partners IX, L.P., where he is a managing member of Sofinnova Management IX, L.L.C., the general partner.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The issuance of RSUs to directors can align their interests with those of shareholders.
• The RSUs are fully vested, providing immediate value to the director.

Industry Context

This type of equity compensation is common for board members in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across the industry.
• Companies like Illumina, Exact Sciences, and Myriad Genetics also utilize stock options and RSUs as part of their director compensation packages.
• The specific amount and vesting schedules can vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates