Hammond Paula 4
4 · Alector, Inc. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Alector (ALEC) Director Paula Hammond Receives Award
What Happened Paula Hammond, a director of Alector, Inc. (ALEC), received equity awards on June 17, 2026: 28,700 restricted stock units (RSUs) and a 9,450-share derivative award. Both items were reported as grants at $0.00 per share (i.e., awards rather than open-market purchases or sales), so the reported acquisition value is $0.
Key Details
- Transaction date: June 17, 2026; reported on Form 4 filed June 17, 2026 (no late filing indicated).
- Awards: 28,700 RSUs (non-derivative) and 9,450 shares reported as a derivative award.
- Price: $0.00 per share (grant/award).
- Shares owned after transaction: Not specified in the supplied filing excerpt.
- Footnotes:
- F1: The 28,700 RSUs vest on the earlier of June 17, 2027 or the issuer’s next annual meeting of stockholders.
- F2: The 9,450-share derivative award vests in 12 equal monthly installments beginning July 17, 2026, but will vest in full on the earlier of the one-year anniversary of the grant or the issuer’s next annual meeting.
- No 10b5-1 plan, tax-withholding, or sale noted in this filing.
Context This filing reports compensation-style equity grants to a director rather than an open-market purchase or sale. Grants at $0 typically reflect standard director compensation (RSUs and/or option-type awards) and do not by themselves signal a buy or sell decision. The derivative award includes a monthly vesting schedule with an acceleration clause for full vesting under the specified conditions.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-17+28,700→ 103,609 total - Award
Stock Option (right to buy)
[F2]2026-06-17+9,450→ 9,450 totalExercise: $0.00Exp: 2036-06-16→ Common Stock (9,450 underlying)
Footnotes (2)
- [F1]The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 17, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders.
- [F2]The shares subject to the option vest in 12 equal monthly installments beginning on July 17, 2026, provided that the shares subject to the option will vest in full on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders.