Form 4: Schrodinger Executive Kenneth Patrick Lorton Acquires 60,000 Stock Options
SEC Form 4 Filing
Kenneth Patrick Lorton, EVP, CTO & COO, Software at Schrodinger, Inc., acquired 60,000 stock options on March 4, 2024, according to a Form 4 filing with the SEC.
Summary
- Kenneth Patrick Lorton, an executive at Schrodinger, Inc., filed a Form 4 with the SEC.
- The filing reports the acquisition of 60,000 stock options on March 4, 2024.
- The exercise price of the options is $25.24.
- The options vest over a period from March 4, 2025, to March 4, 2028, with 25% vesting on the first date and the remainder in equal monthly installments.
- Following the transaction, Lorton directly owns 60,000 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an executive's stock option grant, neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation structure and equity ownership of company executives.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction and grant of stock options. |
| 03/04/2025 | First vesting date for 25% of the shares underlying the options. |
| 03/04/2028 | Final vesting date for the remaining shares underlying the options. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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.