Halozyme Therapeutics Inc. has approved a new performance-based restricted stock unit (PSU) grant for CEO Dr. Helen Torley. The PSU grant, with a grant date fair value of $10 million, is tied to the company's stock performance over a four-year period. Vesting of the shares will be based on the company's average stock price reaching certain thresholds: 50% vesting at $115 per share, 100% at $130, 150% at $145, and 200% at $170, calculated over 20 consecutive trading days. Shares will only vest if Dr. Torley remains employed with the company through the fourth anniversary of the grant date; otherwise, vested shares will be forfeited. No shares will vest if the stock price does not reach at least $115 during the performance period.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Halozyme Therapeutics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001159036-25-000070), on December 09, 2025, and is solely responsible for the information contained therein.
Comments