Keel Infrastructure director reports initial share and option holdings
Keel Infrastructure Corp. director Philip Fanny filed an initial ownership report showing direct holdings in both common shares and stock options.
Rhea-AI Filing Summary
Keel Infrastructure Corp. director Philip Fanny filed an initial ownership report showing direct holdings in both common shares and stock options. He holds 180,685 common shares, plus options over 150,000 common shares at an exercise price of $2.20 expiring on August 23, 2029 and options over 60,000 common shares at $1.87 expiring on December 18, 2029. The filing also notes that the 150,000 options are fully vested and the 60,000 options vest in four installments through June 18, 2026.
Positive
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Negative
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Philip Fanny
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 210,000 contracts (Direct);
Common Shares — 180,685 shares (Direct)
Footnotes (3)
- F1. On August 23, 2024, the reporting person was granted 150,000 stock options which have fully vested.
- F2. The price was converted into its U.S. Dollar equivalent using the Bank of Canada daily exchange rate on March 30, 2026 (at CAD 1.00 = USD 0.718).
- F3. On December 18, 2024, the reporting person was granted 60,000 stock options which vest in equal installments on December 18, 2024, June 18, 2025, December 18, 2025, and June 18, 2026.
Key Figures
Common shares held: 180,685 shares
Option grant 1 size: 150,000 shares
Option grant 1 exercise price: $2.20 per share
+3 more
6 metrics
Common shares held
180,685 shares
Total common shares directly owned following reported entries
Option grant 1 size
150,000 shares
Underlying common shares for options granted August 23, 2024
Option grant 1 exercise price
$2.20 per share
Exercise price for 150,000 stock options expiring August 23, 2029
Option grant 2 size
60,000 shares
Underlying common shares for options granted December 18, 2024
Option grant 2 exercise price
$1.87 per share
Exercise price for 60,000 stock options expiring December 18, 2029
CAD/USD exchange rate
CAD 1.00 = USD 0.718
Bank of Canada daily rate used March 30, 2026 for price conversion
Key Terms
Stock Options (Right to Buy), Common Shares, exercise price, Bank of Canada daily exchange rate, +1 more
5 terms
Stock Options (Right to Buy) financial
"security_title: Stock Options (Right to Buy)"
exercise price financial
"The price was converted into its U.S. Dollar equivalent"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Bank of Canada daily exchange rate financial
"using the Bank of Canada daily exchange rate on March 30, 2026"
vest financial
"which vest in equal installments on December 18, 2024, June 18, 2025,"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Philip Fanny’s Form 3 filing for Keel Infrastructure Corp. (KEEL) show?
The Form 3 shows Philip Fanny’s initial beneficial ownership in Keel Infrastructure Corp., including 180,685 common shares and two stock option grants over 210,000 common shares with specified exercise prices and future expiration dates, all held directly as a director.
How are Philip Fanny’s 150,000 Keel Infrastructure (KEEL) stock options structured?
The 150,000 stock options were granted on August 23, 2024 and are fully vested. They carry a $2.20 exercise price and expire on August 23, 2029, providing the right to acquire an equal number of Keel Infrastructure common shares during that term.
What is the vesting schedule for Philip Fanny’s 60,000 Keel Infrastructure (KEEL) stock options?
The 60,000 stock options granted December 18, 2024 vest in four equal installments. Vesting dates are December 18, 2024, June 18, 2025, December 18, 2025, and June 18, 2026, aligning option availability with this stepwise schedule before their December 18, 2029 expiration.
How was the exercise price of Philip Fanny’s Keel Infrastructure (KEEL) options converted to U.S. dollars?
The filing states that the option price was converted to its U.S. dollar equivalent using the Bank of Canada daily exchange rate on March 30, 2026, specifically CAD 1.00 equal to USD 0.718, to present the exercise prices in U.S. currency terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
