Bogle Grant C. 4
Research Summary
AI-generated summary
Nuvalent (NUVL) Director Grant C. Bogle Receives 3,444 RSU Award
What Happened
- Grant C. Bogle, a director of Nuvalent, Inc. (NUVL), received an award of 3,444 restricted stock units (RSUs) on June 16, 2026. The RSUs were reported at $0 on the Form 4 (award/acquisition code A). RSUs convert to one share of Nuvalent Class A common stock per unit upon vesting; no cash was paid.
Key Details
- Transaction date: 2026-06-16; Form 4 filed 2026-06-18 (appears timely).
- Transaction type/code: Award/Grant (A).
- Shares/units granted: 3,444 RSUs; reported acquisition price $0 (typical for RSU grants).
- Vesting: RSUs vest in full on the earlier of June 16, 2027 or Nuvalent’s next annual meeting, subject to continued service (see footnote).
- Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
- Footnote: Each RSU equals the right to one share of Class A common stock; full vesting contingent on continued service.
Context
- RSU grants are compensation awards, not open-market purchases or sales. They do not require an immediate cash outlay and do not represent an immediate sale of shares. Such grants are routine director/employment compensation and should be interpreted as part of pay, not a direct market signal.