Anterix (ATEX) CEO receives new RSU and stock option awards
Rhea-AI Filing Summary
Anterix Inc. reported that President and CEO Scott A. Lang received new equity awards. He was granted 18,210 shares of Common Stock as restricted stock units and now directly holds 26,470 common shares after this award.
Lang also received stock options for 72,839 shares of Common Stock at an exercise price of $60.90 per share, expiring on May 20, 2036. Both the RSUs and the options vest over three years, with one-third vesting on May 20, 2027 and the remaining portions vesting in equal quarterly installments through May 20, 2029.
Positive
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Insights
CEO received routine three-year RSU and option grants as equity compensation.
President and CEO Scott A. Lang was granted 18,210 restricted stock units tied to Anterix Common Stock and 72,839 stock options with a $60.90 exercise price, expiring on May 20, 2036. These awards appear to be compensation-related, not open-market trades.
The RSUs and options vest over three years, with one-third vesting on May 20, 2027 and the rest in equal quarterly installments through May 20, 2029. This structure encourages medium-term retention and alignment with shareholders without signaling any buy or sell decision in the market.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 72,839 | $0.00 | -- |
| Grant/Award | Common Stock | 18,210 | $0.00 | -- |
Footnotes (1)
- Represents the issuance of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer's Common Stock. The RSUs vest over three years, with 1/3 vesting on May 20, 2027, and 1/12 vesting quarterly thereafter on August 10, November 10, February 10, and May 20 of each year through May 20, 2029. The option shares vest and become exercisable over three years, with 1/3 vesting on May 20, 2027, and 1/12 vesting quarterly thereafter on August 10, November 10, February 10, and May 20 of each year through May 20, 2029.