Montano Maricel Perea 4

What Happened

• Maricel Perea Montano, Chief Legal Officer of XOMA Royalty Corp (XOMA), was granted stock awards on 2026-03-11 totaling 66,733 units: 26,289 restricted stock units (RSUs) and 40,444 performance stock units (PSUs).
• Each award shows an acquisition price of $0.00 (i.e., they are compensatory grants, not cash purchases). The RSUs and PSUs have different vesting conditions: RSUs vest 25% on each of the first four anniversaries of March 11, 2026 (service-based vesting); PSUs vest only if the common stock hits specified price targets (performance-based), subject to continued service.

Key Details

• Transaction dates: March 11, 2026; Form 4 filed March 13, 2026 (not marked late).
• Prices/values: Both grants reported at $0.00 per share (compensatory awards). Total units granted = 66,733.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes:
  • F1: RSUs payable solely in common stock; vest 25% per year over four years, subject to continued service.
  • F2: Each PSU equals a contingent right to one share; PSUs vest only if specified share-price hurdles are met and the reporting person remains in service.
• Transaction codes: A = Award/Grant; the PSU line is recorded as a derivative/contingent award.

Context

• These grants are executive compensation (retention and performance incentives), not an open-market purchase or sale. Awards like RSUs/PSUs are common and don’t by themselves indicate the insider buying or selling stock for investment purposes.
• PSUs are performance-contingent, so they only convert to shares if XOMA’s stock reaches set price levels and the insider remains employed through vesting dates.