Form 4: Repligen Corp Director Anthony Hunt Forfeits Shares and Options Under Amended Equity Award
SEC Form 4 Filing
Director Anthony Hunt forfeited a portion of his Repligen Corp equity awards, including common stock and stock options, following an amendment to his equity award agreement.
Summary
- On September 3, 2024, Anthony Hunt, a director of Repligen Corp, reported changes in his beneficial ownership of the company's securities.
- These changes are due to an amendment to his equity awards, effective September 1, 2024, where he forfeited two-thirds of certain outstanding equity awards granted on February 27, 2024.
- Specifically, he forfeited 13,146 shares of common stock.
- He also forfeited 13,057 stock options with an exercise price of $192.71.
- Following these transactions, Hunt beneficially owns 152,031 shares of Repligen Corp common stock directly.
- He also owns 6,528 stock options that will vest in three equal installments on February 27, 2025, February 27, 2026, and February 27, 2027.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but the forfeiture of shares and options could be interpreted as a neutral event.
Industry Context
Executive compensation and equity awards are common in publicly traded companies like Repligen Corp to incentivize and retain key personnel. Changes to these awards, such as forfeitures, can reflect performance adjustments or negotiated agreements.
Stakeholder Impact
- The forfeiture of shares and options by a director could have a minor impact on shareholder sentiment.
- The changes in equity ownership may affect the director's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of original equity award grant to Mr. Hunt. |
| 06/28/2024 | Effective Date of the 2024 Equity Award Amendment. |
| 09/01/2024 | Date the forfeiture of shares and options became effective. |
| 09/03/2024 | Date of the transaction (forfeiture of shares and options). |
| 09/04/2024 | Date of Form 4 filing. |
| 02/27/2025 | First vesting date for one-third of the remaining stock options. |
| 02/27/2026 | Second vesting date for one-third of the remaining stock options. |
| 02/27/2027 | Third vesting date for one-third of the remaining stock options. |
| 02/27/2034 | Expiration date of the stock options. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.