Form 4: Xencor SVP Celia Eckert Reports Stock Transactions
SEC Form 4 Filing
Celia Eckert, SVP and General Counsel at Xencor, reports the sale and acquisition of Xencor stock and stock options.
Summary
- On March 5, 2024, Celia Eckert, SVP and General Counsel of Xencor, reported transactions involving Xencor Inc. stock.
- Eckert sold 3,892 shares of common stock at $23.429 per share to cover withholding taxes related to vesting restricted stock units.
- Eckert also acquired 13,089 restricted stock units.
- Following these transactions, Eckert directly owns 46,315 shares of Xencor common stock.
- Additionally, Eckert acquired 78,534 stock options with an exercise price of $22.85, vesting over four years from March 5, 2024, and expiring on March 4, 2034.
- Eckert also owns 78,534 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider activity and can be scrutinized by investors for signals about the company's prospects.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding management's perspective on the company's stock value.
Key Dates
| Date | Description |
|---|---|
| June 2023 | 597 shares acquired through Employee Stock Purchase Plan. |
| December 2023 | 142 shares acquired through Employee Stock Purchase Plan. |
| 03/05/2024 | Date of stock sale, restricted stock unit acquisition, and stock option grant. |
| 03/04/2034 | Expiration date of stock options. |
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