Rook Martha S. 4
4 · DELCATH SYSTEMS, INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Delcath (DCTH) COO Martha Rook Receives Equity Awards
What Happened
Martha S. Rook, Chief Operating Officer of Delcath Systems, Inc. (DCTH), was granted two equity awards on February 17, 2026: 56,500 derivative option units and 28,250 restricted stock units (RSUs), for a combined 84,750 award units. Both awards are reported with an acquisition price of $0 because they are compensation grants (transaction code A), not open-market purchases. No sale or exercise of shares was reported.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 18, 2026 (timely).
- Reported amounts: 56,500 derivative option units @ $0.00; 28,250 RSUs @ $0.00 (total 84,750 units).
- Shares owned after transaction: not specified in this filing.
- Footnotes:
- F1 (options): Vest and become exercisable at 1/36th per month beginning Feb 17, 2026, subject to continued employment and plan terms.
- F2 (RSU definition): Each RSU represents a contingent right to receive one share of common stock.
- F3 (RSU vesting): One-third of the RSUs vest on Feb 17, 2027; the remaining two-thirds vest in equal annual installments over the following two years, subject to continuous service.
- Transaction code: A = Award/Grant (derivative equity compensation).
Context
These grants are compensation awards (options + RSUs) with multi-year vesting schedules and do not involve an immediate cash purchase or sale. That means they reflect company compensation policy rather than an open-market trade; they should be viewed as long-term retention/compensation instruments rather than an immediate bullish or bearish trading signal.
Insider Transaction Report
- Award
Stock Option (Right to Buy)
[F1]2026-02-17+56,500→ 56,500 totalExercise: $9.40Exp: 2036-02-17→ Common Stock (56,500 underlying) - Award
Restricted Stock Units
[F2][F3]2026-02-17+28,250→ 28,250 total→ Common Stock (28,250 underlying)
Footnotes (3)
- [F1]The option will vest and become exercisable at the rate of one-thirty-sixth (1/36th) per month with the first such vesting to occur on February 17, 2026 and monthly thereafter for so long as the reporting person remains an employee of Delcath Systems, Inc. (and subject to the terms and conditions of the Delcath Systems, Inc. 2020 Omnibus Equity Incentive Plan, as amended).
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
- [F3]Represents an RSU award, one-third of which shall vest on February 17, 2027 with the remaining 2/3 two-thirds of the RSUs vesting in equal annual installments over the following two years. The vesting of the RSUs is subject to the Reporting Person's continuous service through each such vesting date.