LEIDEN JEFFREY M 4
Research Summary
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Vertex (VRTX) Exec Chairman Jeffrey Leiden Receives Award
What Happened
Jeffrey M. Leiden, Executive Chairman and Director of Vertex Pharmaceuticals (VRTX), was reported as receiving 9,012 shares as an award on 01/22/2026. The transaction is recorded as an award/grant (code A) at $0.00 per share (reported acquisition value $0). This was a compensation award (performance shares), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-01-22; Form 4 filed: 2026-01-26 (appears filed within the normal 2-business-day Form 4 window).
- Security and amount: 9,012 shares acquired as an award; reported price $0.00; reported total $0.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: These are earned performance shares tied to a performance stock unit award granted 02/12/2025. The compensation committee certified performance attainment on 01/22/2026; the shares are scheduled to vest on 02/24/2026.
Context
- This transaction reflects compensation tied to previously granted performance stock units that met their performance conditions. Such awards are routine executive compensation and do not necessarily signal a new trading decision or market view.
- Because the shares are performance-vested and have a future vesting date, they may still be subject to transfer restrictions until vesting.