Chiron (XRN) CDO Robert Zeiller Receives 23,855-Option Award

What Happened

• Robert Harold Zeiller, Chief Development Officer and Head of Seniors Housing at Chiron Real Estate, was granted a derivative award of options covering 23,855 shares on August 27, 2026. The grant was reported as acquired at $0.00 (typical for option awards); the options carry a $60.00 per-share exercise price.

Key Details

• Transaction date: August 27, 2026; Form 4 filed August 31, 2026.
• Award: 23,855 stock options (derivative), exercise price $60.00 per share.
• Vesting: Options vest in three equal annual installments on Aug 27 of 2027, 2028 and 2029, subject to continued service through each vesting date. (Footnote)
• Plan/approval: Granted outside the Issuer's 2016 Equity Incentive Plan as an employment inducement under NYSE Listing Rule 303A.08; approved by the Compensation Committee composed solely of independent directors. (Footnote)
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form filed four days after the grant (Aug 31 for an Aug 27 transaction); SEC Rule 16b-3/Form 4 filings are generally due within two business days, so this filing may have been late.

Context

• This was an award/grant of options (derivative), not an open-market purchase or sale. The grant gives Zeiller the right to buy shares at $60.00 in the future if and when the options vest and are exercised.
• Because options vest over time and are subject to continued employment, this award typically aligns executive compensation with future performance and retention rather than signaling an immediate buy/sell decision.