Forbes Alexandria 4
Research Summary
AI-generated summary
MeiraGTx (MGTX) CEO Forbes Alexandria Vests RSUs
What Happened
- Forbes Alexandria, President & CEO (and director) of MeiraGTx Holdings plc, had 62,500 restricted share units (RSUs) vest on Feb 21, 2026. The RSUs converted into 62,500 ordinary shares.
- To cover tax withholding on the vesting, 33,048 shares were withheld at an effective price of $7.45 per share, totaling $246,208. Net new shares received by the insider = 62,500 − 33,048 = 29,452 shares.
- This was a routine compensation vesting event (not an open-market purchase or sale).
Key Details
- Transaction date: Feb 21, 2026; Form 4 filed Feb 23, 2026 (appears timely).
- Vested/conversion: 62,500 RSUs → 62,500 ordinary shares (transaction code M).
- Tax withholding: 33,048 shares withheld @ $7.45/share = $246,208 (transaction code F).
- Net shares added to insider’s position: 29,452 ordinary shares.
- Footnotes in the filing: F1 = one-quarter of RSUs granted Feb 21, 2023 vested; F2 = each RSU converts into one ordinary share on vesting; F3 = shares withheld to pay taxes.
- Shares owned after the transaction are not specified in the summary filing.
Context
- This is a standard vesting of previously granted RSUs; the withholding of shares for taxes is a routine, non‑market sale to satisfy tax obligations (not a signal of active selling).
- The filing reflects conversion of derivative awards (RSUs) into stock; no open-market buy or sell occurred beyond the withholding for taxes.