Form 4: Schrodinger Director Jeffrey Chodakewitz Receives Significant Equity Grant

Schrodinger, Inc. Director Jeffrey Chodakewitz was granted 5,997 restricted stock units and 9,341 stock options as part of his compensation, aligning his interests with shareholder value.

Summary

• Jeffrey Chodakewitz, a Director of Schrodinger, Inc. (SDGR), reported changes in his beneficial ownership of the company's securities.
• On June 18, 2025, Mr. Chodakewitz was granted 5,997 restricted stock units (RSUs) under the Issuer's 2022 Equity Incentive Plan.
• Each RSU represents a contingent right to receive one share of common stock, with a grant price of $0.
• These RSUs will vest on the twelve-month anniversary of the grant date or, if earlier, the date of the next annual meeting of stockholders, subject to continued service.
• The settlement of these RSUs will be deferred until the earlier of 30 days following his separation from service or certain change in control events.
• Following this transaction, Mr. Chodakewitz beneficially owns 17,247 shares of common stock, which includes the 5,997 unvested RSUs.
• Additionally, on June 18, 2025, Mr. Chodakewitz was granted 9,341 stock options under the Issuer's 2022 Equity Incentive Plan.
• These stock options have an exercise price of $21.05 per share and an expiration date of June 18, 2035.
• The stock options will also vest on the twelve-month anniversary of the grant date or the next annual meeting, subject to continued service.
• Following this transaction, Mr. Chodakewitz beneficially owns 9,341 derivative securities in the form of stock options.

Sentiment

Score: 7

Explanation: The sentiment is positive as it indicates a director receiving equity compensation, which aligns their interests with the company's long-term performance and shareholder value. This is a routine and expected event for director compensation.

Positives

• The grant of restricted stock units and stock options to a director aligns management's interests with those of shareholders, incentivizing long-term company performance.
• Equity compensation is a standard practice for retaining key personnel and attracting talent.

Future Outlook

The granted restricted stock units and stock options are scheduled to vest on the twelve-month anniversary of the June 18, 2025 grant date, or earlier if the next annual meeting of stockholders occurs before then, contingent upon continued service. RSU settlement is deferred until separation from service or a change in control event.

Industry Context

This filing is a routine disclosure of insider compensation and does not provide broader industry context or trends. It reflects standard practices for executive and director equity compensation within publicly traded companies.

Stakeholder Impact

• Shareholders: The grant of equity awards can lead to minor dilution over time as shares vest and options are exercised, but it also serves to align the director's interests with shareholder value creation.
• Director (Jeffrey Chodakewitz): Receives significant equity compensation, incentivizing long-term commitment and performance.

Next Steps

• Vesting of the 5,997 restricted stock units on the twelve-month anniversary of June 18, 2025, or the next annual meeting of stockholders, subject to continued service.
• Vesting of the 9,341 stock options on the twelve-month anniversary of June 18, 2025, or the next annual meeting of stockholders, subject to continued service.
• Potential exercise of stock options by June 18, 2035.
• Settlement of RSUs upon separation from service or a change in control event.

Key Dates

Keywords

Schrodinger Inc., SDGR, Jeffrey Chodakewitz, SEC Form 4, Insider Transaction, Restricted Stock Units, RSUs, Stock Options, Equity Incentive Plan, Director Compensation, Beneficial Ownership