Company: RGNX
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0000950170-25-052069
Chunk: 84

Company: REGENXBIO Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 84
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determined without regard to the restrictions) when the taxable event occurs and any amount that the participant paid (if any) for the restricted shares. If the participant forfeits the restricted shares before the restrictions lapse, the difference between the amount the participant paid (if any) for the restricted shares and the amount that the participant received (if any) upon forfeiture is generally ordinary gain or loss.

Dividends. If the participant does not make a section 83(b) election, any dividend the participant receives before the restricted shares vest will be treated for tax purposes as additional compensation income rather than as dividend income: that is, it will be subject to income tax withholding and employment tax, and it will not be eligible for the special lower tax rates that apply to qualifying dividends. Any dividends paid after the restricted shares vest (or after the participant makes a section 83(b) election) will be taxed as dividends.

Basis and Holding Period. The participant’s tax basis in restricted shares generally is the sum of the amount (if any) that the participant paid for the restricted shares and the ordinary income that the participant recognized upon the grant or vesting of the restricted shares. The participant’s holding period for the restricted shares begins just after the taxable event occurs—either when the shares vest or, if the participant makes a section 83(b) election, on the date of the transfer.

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Disposition. If the participant disposes of shares the participant acquired in a grant of restricted shares, the participant will recognize gain (or, under certain circumstances, loss) in the year of the disposition equal to the difference between the amount that the participant realized on the disposition and the participant’s tax basis in the shares. Ordinarily, the participant’s gain (or loss) will be capital gain (or loss). As explained under “Capital Gain” below, the rate at which capital gain is taxed depends on how long the participant held the shares after the participant recognized ordinary income.

RSUs,Other Stock-Based Awards, Stock Bonuses, and Cash Awards

Grant and Vesting. In general, the participant will not recognize income when the participant receives RSUs. Instead, the participant will recognize ordinary income in the year in which the participant’s RSUs are settled. Likewise, the participant willgenerally recognize ordinary income when the participant receives payment upon settlement of other stock-based awards, stock bonuses, and cash awards.

Ordinary Income. The participant generally will recognize income when the participant’s RSUs, other stock-based awards