GERN - Geron Chairman Awarded $1.07M Worth of Stock Options | Benzinga
John A Scarlett, Chairman at Geron (NASDAQ:GERN), reported a large acquisition of company stock options on September 22, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Scarlett, Chairman at Geron, a company in the Health Care sector, was just awarded stock options worth 500,000 shares of GERN. The options give Scarlett the right to buy the company's stock at $1.72 per share.
Geron shares are trading down 0.92% at $2.15 at the time of this writing on Friday morning. Since the current price is $2.15, this makes Scarlett's 500,000 shares worth $1,075,000.