Herriott James 4
Research Summary
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Exact Sciences (EXAS) SVP James Herriott Receives 20,321-Unit Award
What Happened
- James Herriott, Senior Vice President, General Counsel & Secretary of Exact Sciences (EXAS), was awarded 20,321 restricted stock units (derivative securities) on February 25, 2026. The grant is reported as an award (transaction code A) at $0.00 per unit (compensation grant), so no cash was exchanged.
Key Details
- Transaction date and price: February 25, 2026; 20,321 RSUs granted at $0.00 (award).
- Shares reported after transaction: Form 4 lists 69,577 shares of common stock reported for Mr. Herriott. The filing also discloses an additional aggregate 23,975 vested and unvested options and restricted stock units held by him (footnote F1).
- Vesting: The granted RSUs vest in four equal annual installments beginning February 25, 2027 (footnote F3). Each RSU represents a contingent right to one share of common stock (footnote F2).
- Filing timeliness: Reported on Form 4 filed February 27, 2026 — within the typical two-business-day reporting window (timely).
Context
- This was a compensation award (RSUs), not an open-market purchase or sale. RSU grants are common corporate compensation and vest over time; they do not necessarily indicate near-term buying or selling by the insider.