Trigilio Jeffrey 4
4 · XOMA Royalty Corp · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
XOMA CFO Jeffrey Trigilio Receives Stock Award
What Happened
Jeffrey Trigilio, Chief Financial Officer of XOMA Royalty Corp (XOMA), received equity awards reported on a Form 4 for transactions dated 2026-03-11. The filing shows a grant of 90,000 restricted stock units (RSUs) and 138,462 performance stock units (PSUs), each recorded at $0.00 (no immediate cash paid). The RSUs and PSUs are compensation awards, not open-market purchases or sales.
Key Details
- Transaction dates: 2026-03-11 (reported on Form 4 filed 2026-03-13).
- Price: $0.00 per share for both awards (no immediate cash value).
- Grant totals: 90,000 RSUs (award) and 138,462 PSUs (derivative award).
- Vesting/conditions:
- RSUs: vest 25% on each of the first four anniversaries of January 12, 2026, subject to continued service (Footnote F1).
- PSUs: each PSU equals a contingent right to one share; vesting depends on the common stock reaching specified price targets and continued service (Footnote F2).
- Shares owned after transaction: not specified in the provided excerpt.
- Filing timeliness: Form 4 filed two days after the transaction date (filed 2026-03-13 for 2026-03-11 transactions).
Context
RSUs and PSUs are typical compensation tools: RSUs convert to common stock as they vest, while PSUs only convert if performance/price targets are met. These awards do not represent an immediate purchase or sale and therefore do not by themselves signal a near-term trading stance.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-11+90,000→ 90,000 total - Award
Performance Stock Units
[F2]2026-03-11+138,462→ 138,462 total→ Common Stock (138,462 underlying)
Footnotes (2)
- [F1]Represents a grant of restricted stock units payable solely in common stock that will vest as to 25% on each of the first four anniversaries of January 12, 2026, subject to the Reporting Person's continued service to the Issuer through each vesting date.
- [F2]Each performance stock unit ("PSU") represents a contingent right to receive one share of common stock. The PSUs vest upon the common stock achieving a specified price per share, subject to the Reporting Person's continued service to the Issuer through each vesting date.