Form 4: Xencor Inc. Director, Todd E. Simpson, Reports Stock Option Grant
SEC Filing
Todd E. Simpson, a director at Xencor Inc., reported the acquisition of stock options on March 13, 2025.
Summary
- On March 13, 2025, Todd E. Simpson, a director of Xencor Inc., filed a Form 4 to report changes in beneficial ownership of securities.
- The report details the acquisition of 43,337 stock options with an exercise price of $12.87.
- These options vest in installments, starting with 1/3 on March 13, 2026, and the remainder in equal monthly installments over the following 24 months.
- Following the reported transaction, Simpson directly owns 43,337 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation awarded to the company's directors.
Stakeholder Impact
- The granting of stock options aligns the director's interests with those of the shareholders, potentially incentivizing actions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Date of earliest transaction and filing date; acquisition of stock options. |
| 03/13/2026 | First vesting date for 1/3 of the stock options. |
| 03/13/2035 | Expiration date of the stock options. |
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