Moderna CEO to Exercise 2013 Option, Donate Funds to Charity
24 Maio 2022 - 9:56AM
Dow Jones News
By Colin Kellaher
Moderna Inc. on Tuesday said its chief executive, Stephane
Bancel, plans to fully exercise an option granted in 2013 to buy
nearly 4.59 million shares at 99 cents apiece and to donate
proceeds from the exercise to charitable causes.
The Cambridge, Mass., vaccine maker said the option would be
forfeited if not exercised by August 2023, adding that Mr. Bancel
previously hasn't exercised any stock options.
In a blog post on Moderna's website, Mr. Bancel said he expects
to make a charitable donation of around $355 million after paying
about $280 million in taxes, assuming Moderna shares are trading at
around $140.
In an effort to avoid a significant number of shares coming to
the market at once, Mr. Bancel said he plans to buy 40,000 shares
each Wednesday and Thursday starting this week until he has fully
exercised the option.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 24, 2022 08:41 ET (12:41 GMT)
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