Hammond Paula 4

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.