Keel Infrastructure director reports option holdings
Keel Infrastructure Corp. director Brian Howlett filed an initial statement of beneficial ownership, reporting direct holdings of common shares and stock options.
Rhea-AI Filing Summary
Keel Infrastructure Corp. director Brian Howlett filed an initial statement of beneficial ownership, reporting direct holdings of common shares and stock options. He holds 144,946 common shares directly. He also holds stock options over 393,750 common shares at an exercise price of $1.36 per share expiring on June 30, 2028, 100,000 common-share options at $2.75 per share expiring on December 22, 2028, and 60,000 options at $1.87 per share expiring on December 18, 2029. Footnotes state the 393,750 and 100,000 option grants are fully vested, while the 60,000-option grant vests in equal installments between December 18, 2024 and June 18, 2026.
Positive
- None.
Negative
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Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Howlett Brian
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 553,750 contracts (Direct);
Common Shares — 144,946 shares (Direct)
Footnotes (4)
- F1. On June 30, 2023, the reporting person was granted 393,750 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 12, 2023, the reporting person was granted 100,000 stock options which have fully vested.
- F4. 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
Direct common shares: 144,946 shares
Options at $1.36: 393,750 underlying shares at $1.36
Options at $2.75: 100,000 underlying shares at $2.75
+3 more
6 metrics
Direct common shares
144,946 shares
Common Shares held directly following Form 3 reporting
Options at $1.36
393,750 underlying shares at $1.36
Stock options expiring June 30, 2028
Options at $2.75
100,000 underlying shares at $2.75
Stock options expiring December 22, 2028
Options at $1.87
60,000 underlying shares at $1.87
Stock options expiring December 18, 2029
Exchange rate used
CAD 1.00 = USD 0.718
Bank of Canada daily rate on March 30, 2026
Vesting schedule 60,000 options
4 equal installments
Vesting dates: Dec 18, 2024; Jun 18, 2025; Dec 18, 2025; Jun 18, 2026
Key Terms
Stock Options (Right to Buy), Common Shares, exercise price, expiration date, +1 more
5 terms
Stock Options (Right to Buy) financial
"security_title: Stock Options (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 1.3600"
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.
expiration date financial
"expiration_date: 2028-06-30T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vest financial
"stock options which vest in equal installments on December 18, 2024"
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 did Brian Howlett report in his Form 3 for KEEL?
Brian Howlett reported his initial ownership of Keel Infrastructure Corp. securities. He disclosed direct holdings of common shares plus several tranches of stock options with different exercise prices and expiration dates, showing his existing equity-based alignment with the company at the time of the filing.
What stock options does Brian Howlett hold in Keel Infrastructure (KEEL)?
He holds options over 393,750 common shares at $1.36, 100,000 at $2.75, and 60,000 at $1.87. These options give him the right to buy KEEL common shares at those exercise prices before their respective expiration dates if he chooses to exercise.
When do Brian Howlett’s KEEL stock options expire?
His stock options over 393,750 shares expire on June 30, 2028, 100,000 options expire on December 22, 2028, and 60,000 options expire on December 18, 2029. These dates mark the last days he can exercise each grant for Keel Infrastructure shares.
Are Brian Howlett’s Keel Infrastructure (KEEL) options vested?
The 393,750 and 100,000 KEEL stock options are fully vested. The 60,000-option grant vests in four equal installments on December 18, 2024, June 18, 2025, December 18, 2025, and June 18, 2026, gradually increasing his exercisable option position over time.
What currency detail is disclosed for Brian Howlett’s KEEL option prices?
The filing notes that the option prices were converted into U.S. dollars. It specifies a Bank of Canada exchange rate on March 30, 2026 of CAD 1.00 to USD 0.718, indicating the original grant prices were denominated in Canadian dollars before conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
