Stock is granted upon hire and on an annual basis (normally in January), and targets are based on job level.

Stock Options vest over four years, with 25% becoming available to exercise after one year from vesting commencement, and the remainder vests monthly in equal amounts over the remaining 36 months. Each Stock Option grant expires ten years from the grant date.

There are two types of options.

Incentive Stock Options (ISOs), which may only be granted to employees and cannot exceed a market value of $100,000 in a calendar year, and Non-Qualified Stock Options (NQSOs).

The value of a stock option is the difference between the grant price and the sales price. With a Stock Option, you must exercise and hold in order to become a shareholder with voting rights. In order for a Stock Option to be taxed, you have to take an action (exercise and/or sale).

Restricted stock is a share of stock with some type of restriction placed upon it; at REGENXBIO, the restriction will be the vesting requirement. The transfer of stock will take place upon vesting, and the vesting will occur annually over four years at 25% each year.

The value of an RSU is the full value of the share of stock when you sell it. You become a shareholder at the first vest (after one year); full shares are transferred into your account, which convey voting rights. As an RSU grant vests, the vesting creates a taxable event.

The ESPP gives you the opportunity to purchase company stock at a discount to market price via payroll deductions. There are two six-month offering periods per year (January 1 – June 30, and July 1 – December 31), with a purchase date occurring on the last day of each offering period. Participants may purchase up to 1,600 shares per offering period, and up to $25,000 worth of stock per calendar year (based on the stock price at the beginning of each offering period). On each purchase date, your contributions during the offering period will be used to purchase shares. These shares will be purchased at a discounted price equal to 85% of the lower of the Company’s closing stock price as reported on:

  1. the first day of the offering period, or
  2. the last day of the offering period.

Upon purchase, the shares will be delivered to your Solium Shareworks account.

You will have the opportunity to enroll in the ESPP using Solium Shareworks during an enrollment window which occurs prior to the beginning of each offering period. Enrollment windows are communicated by your human resources department and are typically 1-2 weeks taking place in June and December of each year.

The Company also provides detailed ESPP overview sessions available to all employees prior to each enrollment window, which provide detailed information regarding the plan.

All REGENXBIO employees regularly scheduled to work at least 20 hours per week, and who are employed on the last day of the enrollment window for each offering period, are eligible to participate in the ESPP. Details may be found in Box.

Ready to enroll?

Please access UKG through our SSO page to enroll in your benefits. You can also access the UKG mobile app by using the company access code “Regenxbio”. If you have any questions about your benefits, please contact HR by email or call (240) 552-8526.

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