Ericson William W. 4
Research Summary
AI-generated summary
Pacific Biosciences (PACB) Director Ericson Receives 223,492-Share Award
What Happened
- William W. Ericson, a director of Pacific Biosciences of California, Inc. (PACB), received a grant/award of 223,492 derivative shares (transaction code A) on 2026-06-03. The reported acquisition price is $0.00 (no cash paid at grant).
Key Details
- Transaction date: 2026-06-03; Form 4 filed 2026-06-04 (timely filing).
- Shares awarded: 223,492 derivative shares; acquisition price reported as $0.00.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnote: the award vests monthly over one year from the grant date (or earlier at the next annual meeting), provided Ericson continues to serve as a director.
- Transaction type: Award/Grant (A) — derivative equity, not an open-market purchase or sale.
Context
- This grant is a typical director compensation event (equity award) rather than a market purchase or sale. Derivative awards like this vest over time and do not represent immediately marketable shares until vested. Such awards are routine and do not, by themselves, indicate the director’s view on the stock.