Haley Patrick J. 4
4 · EXELIXIS, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Exelixis (EXEL) EVP Patrick J. Haley Receives RSU Award
What Happened
Patrick J. Haley, Executive Vice President, Commercial at Exelixis (EXEL), was granted 40,459 restricted stock units (RSUs) on February 26, 2026. The grant is reported on a Form 4 with a $0 acquisition price (typical for compensation awards) — there was no cash purchase or sale. These RSUs will convert into shares if and when they vest, so this is a compensation award rather than an open-market trade.
Key Details
- Transaction date: 2026-02-26; Form 4 filed: 2026-03-02. Transaction code: A (award/grant).
- Award size: 40,459 RSUs; reported acquisition price: $0 (no cash paid).
- Vesting: RSUs vest 1/4 on May 15, 2027 and 1/4 on each May 15 thereafter until fully vested (per footnote F1). Award granted under the Exelixis, Inc. 2017 Equity Incentive Plan.
- Other outstanding awards: filing notes (F2) that 422,367 shares will be issuable upon vesting of other RSUs and a March 31, 2025 performance-based PSU award.
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: filed March 2, 2026; the Form 4 shows the report date and does not indicate a late filing.
Context
RSUs are compensation awards that convert to actual shares only upon vesting; they carry no immediate cash value on the Form 4 (hence the $0 price). Performance stock units (PSUs) noted in the filing are contingent on meeting performance goals before conversion. Awards like this are routine executive compensation and do not by themselves signal buying or selling intent.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-26+40,459→ 422,367 total
Footnotes (2)
- [F1]Represents shares of Exelixis, Inc. common stock ("Common Stock") that will be issued to the Reporting Person upon the vesting of restricted stock units ("RSUs"). The RSUs were granted to the Reporting Person on the Transaction Date pursuant to the Exelixis, Inc. 2017 Equity Incentive Plan. The RSUs will vest as to 1/4th of the original number of shares subject to the RSU award on May 15, 2027 and thereafter as to 1/4th of the original number of shares subject to the RSU award on each May 15th until fully vested.
- [F2]Includes 422,367 shares of Common Stock that will be issued to the Reporting Person upon vesting of RSUs and the performance-based restricted stock unit award granted to the Reporting Person on March 31, 2025 ("One-Time Award PSUs"). Each RSU is the economic equivalent of one share of Common Stock and each One-Time Award PSU represents a contingent right to receive one share of Common Stock.