McDermott Wendy 4
4 · LEXICON PHARMACEUTICALS, INC. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Lexicon (LXRX) SVP Wendy McDermott Receives RSU Award
What Happened
Wendy McDermott, Senior Vice President of Human Resources at Lexicon Pharmaceuticals (LXRX), received two awards of restricted stock units (RSUs) on February 12, 2026: 250,200 RSUs and 375,300 RSUs, for a total of 625,500 RSUs. The grants were issued at $0.00 (derivative awards), meaning no cash was paid at grant—these are compensation awards that convert to shares if and when they vest.
Key Details
- Transaction type: Award/Grant (Code A) on 2026-02-12. Report filed 2026-02-17 (timely).
- Shares granted: 250,200 RSUs + 375,300 RSUs = 625,500 RSUs; acquisition price reported $0.00.
- Shares owned after transaction: Not specified in the provided filing.
- Relevant footnotes:
- F1: Each restricted stock unit represents a contingent right to receive one share of common stock upon settlement.
- F2: Vesting: 1/3 of the RSUs vest on February 28 of each of the three years following the year of grant (first vesting likely Feb 28, 2027).
- F3 appears in the filing but describes an option vesting schedule (25% first anniversary, then monthly) and does not apply to these RSUs.
- No sale or purchase of shares occurred; this is a compensation award.
Context
RSUs are derivative compensation: they do not deliver stock immediately but convert to shares according to the vesting schedule. Such grants are common for employee compensation and do not by themselves indicate buying or selling sentiment. The filing appears timely under Form 4 reporting rules.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-12+250,200→ 250,200 total→ Common Stock (250,200 underlying) - Award
Stock Option (Right to Buy)
[F3]2026-02-12+375,300→ 375,300 totalExercise: $1.37Exp: 2036-02-12→ Common Stock (375,300 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F2]Restricted stock units vest with respect to 1/3 of the shares subject to the restricted stock units on February 28 of each of the three years following the year of grant.
- [F3]Option vests with respect to 25% of the shares subject to the option on the first anniversary of grant, and vests 1/48th per month for each month of service thereafter.