4//SEC Filing
Basso Stephen 4
Accession 0001104659-24-032003
CIK 0001080014other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 7:04 PM ET
Size
8.4 KB
Accession
0001104659-24-032003
Insider Transaction Report
Form 4
Innoviva, Inc.INVA
Basso Stephen
Chief Financial Officer
Transactions
- Award
Common Stock
2024-03-05$14.88/sh+12,096$179,988→ 12,096 total - Award
Non-statutory Stock Option
2024-03-05+25,899→ 175,899 totalExercise: $14.88From: 2025-05-20Exp: 2034-03-05→ Common Stock (25,899 underlying)
Footnotes (2)
- [F1]The Reporting Person was granted a one time-based restricted stock unit ("RSU"). Twenty-five percent of the shares subject to the RSU shall vest on February 20, 2025, 6.25% on May 20, 2025, and an additional 6.25% on the final day of each 3-month period thereafter, provided the Reporting Person has provided continuous service to the Issuer through the applicable vesting date. The grant was approved by the Compensation Committee of the Board of Directors of the Company.
- [F2]25% of the options will vest on February 20, 2025 and the balance will vest in twelve (12) substantially equal installments thereafter on each three (3) month anniversary of the initial vesting date, in each case, subject to Mr. Basso's continuous service through the applicable vesting date, with accelerated vesting (i) in the event of a "change in control" (as defined in the Issuer's 2012 Equity Incentive Plan) in which the options are not assumed or replaced, or (ii) in the event that Mr. Basso experiences a termination of employment by the Innoviva, Inc. without "cause" or by Mr. Basso for "good reason" (each as defined in Mr. Basso's employment agreement) within 24 months following a "change in control," subject to an effective release of claims.
Documents
Issuer
Innoviva, Inc.
CIK 0001080014
Entity typeother
Related Parties
1- filerCIK 0001815707
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 7:04 PM ET
- Size
- 8.4 KB