Consumer Portfolio Services (CPSS) awards 90,000 stock options to executive
Rhea-AI Filing Summary
CONSUMER PORTFOLIO SERVICES, INC. granted Executive Vice President Denesh Bharwani a stock option to acquire 90,000 shares of common stock at an exercise price of $9.20 per share. The option vests in four equal annual installments beginning August 11, 2027, and expires on August 11, 2033. The award was issued as consideration for the executive's services.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bharwani Denesh
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. Became exercisable in 4 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
Option shares granted: 90,000 shares
Exercise price: $9.20 per share
Shares underlying option after grant: 90,000 shares
+3 more
6 metrics
Option shares granted
90,000 shares
Stock Option (right to buy) granted to Executive Vice President Denesh Bharwani
Exercise price
$9.20 per share
Conversion or exercise price for 90,000-share stock option
Shares underlying option after grant
90,000 shares
Total derivative shares following transaction held directly
Vesting schedule start
08/11/2027
First of four equal annual vesting installments
Vesting schedule end
08/11/2030
Final of four equal annual vesting installments
Option expiration date
08/11/2033
Expiration of 90,000-share stock option if unexercised
Key Terms
Stock Option (right to buy), exercise price, vesting, expiration date, +1 more
5 terms
Stock Option (right to buy) financial
"Security title is listed as "Stock Option (right to buy)""
exercise price financial
"The option has a conversion or exercise price of 9.2000"
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.
vesting financial
"Became exercisable in 4 equal installments on 8/11/2027, 8/11/2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"The option carries an expiration date of 2033-08-11"
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.
consideration of the named person's services financial
"Issued in consideration of the named person's services to the issuer"
FAQ
What equity award did CPSS grant to Executive Vice President Denesh Bharwani?
CPSS granted Denesh Bharwani a stock option for 90,000 shares of common stock at an exercise price of $9.20 per share, structured as a long-term incentive award for his services.
What is the exercise price of Denesh Bharwani’s new CPSS stock options?
The exercise price of Denesh Bharwani’s CPSS stock options is $9.20 per share. This is the fixed price at which he may purchase up to 90,000 shares upon exercise, subject to vesting.
How do the 90,000 CPSS options granted to Denesh Bharwani vest?
The 90,000 CPSS options vest in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029, and 8/11/2030. Each year, one-quarter of the award becomes exercisable.
When do Denesh Bharwani’s newly granted CPSS stock options expire?
The newly granted CPSS stock options expire on August 11, 2033. After this expiration date, any unexercised portion of the 90,000-share option can no longer be exercised.
Was the CPSS option grant to Denesh Bharwani a market purchase or compensation award?
The CPSS option grant was a compensation award, not a market purchase. It was issued "in consideration of the named person's services to the issuer" as a stock option for 90,000 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
