Theravance director was just granted 60,000 options

Donald J Hayden, a director of Theravance, just received 60,000 options from the company. The strike price of the options received was $8.02, and these expire on May 17, 2032. Hayden now owns at least 60,000 options on the company.

Some additional info was provided as follows:

The options are subject to a service-based vesting requirement, which shall be satisfied over a three-year period with 1/36th of the options vesting on June 17, 2022 and 1/36th of the options vesting monthly thereafter, subject to the Reporting Person's continuous service with the issuer on each such vesting date.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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