secwatch.observer — SEC 8-K summary
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Issuer:     Alector, Inc. (ALEC)
CIK:        0001653087
Form:       8-K
Filed at:   2022-01-03T23:59:59+00:00
Accession:  0001193125-22-000619
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

President and COO Shehnaaz Suliman departs Alector; receives $375K severance, stock option acceleration
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- Last day of employment December 31, 2021; separation agreement includes $375,000 severance payment and $337,500 bonus.
- Company will pay COBRA premiums for 9 months through September 30, 2022.
- Incentive stock options that would vest in 9 months after separation become fully vested; 100,000 PSUs remain unvested and canceled.
- Dr. Suliman had 32,981 ISO, 706,232 NQSO, and 100,000 PSUs originally; as of separation 17,412 ISO and 451,377 NQSO vested.
- She has 3 months post-separation to exercise vested options; unvested options and PSUs forfeited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653087/000119312522000619/0001193125-22-000619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653087/000119312522000619/d233849d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-000619

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