Consumer Portfolio Services (CPSS) awards 90,000 stock options to executive
Rhea-AI Filing Summary
CONSUMER PORTFOLIO SERVICES, INC. reported that Executive Vice President Chris Terry received a grant of stock options covering 90,000 shares of common stock at an exercise price of $9.20 per share. The options were issued as consideration for services and become exercisable in four equal installments from 2027 through 2030, with an expiration date of August 11, 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TERRY CHRIS
Role
Exec. Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) F2, F1 | 90,000 | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 90,000 shares (Direct)
Footnotes (2)
- F1. Becomes exercisable in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029, and 8/11/2030.
- F2. Issued in consideration of the named person's services to the issuer.
Key Figures
Options Granted: 90,000 shares
Exercise Price: $9.20 per share
Underlying Shares: 90,000 shares
+2 more
5 metrics
Options Granted
90,000 shares
Stock Option (right to buy) award to Executive Vice President Chris Terry
Exercise Price
$9.20 per share
Conversion or exercise price for the granted stock options
Underlying Shares
90,000 shares
Common stock underlying the reported stock option award
Expiration Date
08/11/2033
Expiration date of the stock option award
Post-Transaction Derivative Holdings
90,000 options
Total derivative securities held following the reported grant
Key Terms
Stock Option (right to buy), exercise price, expiration date, underlying security
4 terms
Stock Option (right to buy) financial
"The security reported is a Stock Option (right to buy) with underlying common stock."
exercise price financial
"The conversion or exercise price of the option is $9.20 per share."
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
"The option carries an expiration date of 08/11/2033."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
underlying security financial
"The underlying security title for this option is Common Stock."
FAQ
What did CPSS executive Chris Terry acquire in this Form 4 filing?
Chris Terry received a grant of stock options for 90,000 shares of Consumer Portfolio Services common stock, reported as a derivative acquisition awarded in consideration of services to the company.
What is the exercise price of the stock options granted to Chris Terry at CPSS?
The stock options have an exercise price of $9.20 per share, meaning Chris Terry can purchase Consumer Portfolio Services common stock at this price once the options vest.
When do Chris Terry’s CPSS stock options vest?
The options become exercisable in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029, and 8/11/2030, creating a multi-year vesting schedule tied to continued service.
When do the CPSS stock options granted to Chris Terry expire?
The stock options are reported with an expiration date of 08/11/2033. After this date, any unexercised portion of the 90,000-share option award will no longer be exercisable.
Why were these CPSS stock options issued to Chris Terry?
A footnote states the options were issued in consideration of the named person’s services to Consumer Portfolio Services, indicating the award functions as part of his executive compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
