Farmer Michele 4
4 · PACIFIC BIOSCIENCES OF CALIFORNIA, INC. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Pacific Biosciences (PACB) CAO Michele Farmer Receives Award
What Happened
Michele Farmer, Chief Accounting Officer of Pacific Biosciences (PACB), was granted equity awards on February 27, 2026: 89,835 shares represented by Restricted Stock Units (RSUs) and 179,670 derivative shares (option-style award). Both awards were reported at $0.00 per share (no cash paid). Total awarded shares equal 269,505. These are compensatory awards (not open-market purchases or sales).
Key Details
- Transaction date: 2026-02-27; Form 4 filed 2026-03-03 (filing appears timely).
- Awards: 89,835 RSUs (grant at $0.00) and 179,670 derivative shares (grant at $0.00). Combined = 269,505 shares.
- Vesting:
- RSUs (89,835): vest in equal annual installments on Feb 15 of 2027, 2028 and 2029 (F1).
- Derivative/option award (179,670): vests in 36 equal monthly installments beginning March 27, 2026 (F2).
- Shares owned after the transaction: not specified in this filing.
- Transaction type codes: A = Award/Grant; derivative entry denotes an option-type award.
- No cash exchanged (price = $0.00); these are compensation grants, not purchases or sales.
Context
These grants are typical executive compensation awards intended to retain and incentivize the officer over multiple years via vesting schedules. As awards (not immediate sales or purchases), they do not by themselves indicate a near-term trading intent. The derivative award’s monthly vesting means portions will become exercisable/vest over three years beginning March 27, 2026.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-27+89,835→ 308,927 total - Award
Stock Option (right to buy)
[F2]2026-02-27+179,670→ 179,670 totalExercise: $1.68Exp: 2036-02-27→ Common Stock (179,670 underlying)
Footnotes (2)
- [F1]Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal annual installments on February 15 of each of 2027, 2028, and 2029, subject to the Reporting Person's continued status as a service provider through the applicable vesting dates.
- [F2]The shares subject to the option will vest in 36 equal monthly installments beginning on March 27, 2026, subject to the Reporting Person's continued status as a service provider through the applicable vesting dates.