NEOG CEO Nassif Mikheal Receives Award of 861,310 Shares

What Happened

• Nassif Mikheal, NEOGEN Corp (NEOG) CEO and director, received two equity awards on 2026-08-14. The filing shows 141,631 shares at a reported price of $11.65 (total reported value $1,650,001) and 719,679 derivative units reported at $0.00. These are grant/award transactions (not open-market purchases or sales), meaning they increase his potential future stake rather than reflect a market purchase.

Key Details

• Transaction date and filing: 2026-08-14 (period of report and filing date match; no late filing indicated in the form).
• Grants reported:
  • 141,631 units at $11.65 each — reported total $1,650,001.
  • 719,679 derivative units at $0.00 — reported $0.
• Shares owned after transaction: Not disclosed in the Form 4 provided.
• Footnotes in the filing:
  • F1: PSUs vest in total at the end of the three-year anniversary of the grant.
  • F2: Options vest in equal annual installments on each of the first three anniversary dates of the grant.
• Transaction code: A = Award/Grant (not a market buy or sale).

Context

• The filing lists both stock-related awards and derivative units. PSUs (performance stock units) typically convert to shares only if vesting conditions are met (here, full vesting at the three-year anniversary). Options (if applicable) generally require exercise at the stated strike price and vest over time per the footnote.
• These awards are common compensation for executives and represent potential future share ownership rather than an immediate open-market investment decision. The $0.00 reported for the larger grant indicates no cash price was paid at grant (typical for RSUs/PSUs).