4//SEC Filing
Porges Geoffrey Craig 4
Accession 0001628280-24-009014
CIK 0001490978other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 5:13 PM ET
Size
9.1 KB
Accession
0001628280-24-009014
Insider Transaction Report
Form 4
Porges Geoffrey Craig
EVP & CFO
Transactions
- Award
Common Stock
2024-03-04+9,000→ 9,000 total - Sale
Common Stock
2024-03-04$26.35/sh−3,315$87,360→ 5,685 total - Award
Stock Option (right to buy)
2024-03-04+90,000→ 90,000 totalExercise: $25.24Exp: 2034-03-04→ Common Stock (90,000 underlying)
Footnotes (3)
- [F1]Represents the portion of the performance-based restricted stock units ("PRSUs") that were awarded to the reporting person on August 18, 2022 in connection with the commencement of his employment that vested on March 4, 2024 following certification by the compensation committee of the issuer's board of directors of the level of achievement of certain performance metrics for the PRSUs.
- [F2]This sale was effected pursuant to a durable automatic sale instruction under Rule 10b5-1 adopted by the reporting person on August 16, 2022 and represents a broker-assisted sale of shares to satisfy the payment of withholding tax liability incurred upon the vesting of the PRSUs on March 4, 2024. The sale does not represent a discretionary trade by the reporting person.
- [F3]The option was granted on March 4, 2024. The shares underlying the option are scheduled to vest with respect to 25% of the shares on March 4, 2025 and the remainder are scheduled to vest in equal monthly installments through March 4, 2028.
Documents
Issuer
Schrodinger, Inc.
CIK 0001490978
Entity typeother
Related Parties
1- filerCIK 0001938826
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 5:13 PM ET
- Size
- 9.1 KB