Wright Timothy 4
4 · AGENUS INC · Filed Oct 4, 2023
Insider Transaction Report
Form 4
AGENUS INCAGEN
Wright Timothy
Director
Transactions
- Award
Deferred Stock Units
2023-10-02+6,585.751→ 167,397.81 total→ Common Stock (6,585.751 underlying)
Footnotes (3)
- [F1]Deferred Stock Units convert to shares of Common Stock on a 1 for 1 basis.
- [F2]Acquired under the Agenus Inc. Amended and Restated Directors' Deferred Compensation Plan, as amended (the "Plan"). Deferred Stock Units represent an equal amount of the Company's common stock to be distributed under the terms of the Plan, typically once the director ceases to serve as a director of the Company.
- [F3]$1.42 per Deferred Stock Unit acquired on October 2, 2023. The price of each Deferred Stock Unit acquired on October 2, 2023 is the average of the closing price for the Company's common stock for all trading days during the calendar quarter immediately preceding the date such Deferred Stock Unit was acquired pursuant to the Plan. This amount also includes a downward adjustment of 27.45 Deferred Stock Units in respect of the grant dated July 3, 2023, as the average closing price used for such calculation incorrectly reflected a stock split and was increased on October 2, 2023 to $1.61 per Deferred Stock Unit.