CONSUMER PORTFOLIO SERVICES (CPSS) grants SVP Charles Gonel 60,000 options
Rhea-AI Filing Summary
CONSUMER PORTFOLIO SERVICES, INC. reported that Sr. Vice President Charles E. Gonel received a grant of stock options covering 60,000 shares of common stock, with an exercise price of $9.20 per share and an expiration date of August 11, 2033. The options become exercisable in four equal annual installments on August 11 of 2027, 2028, 2029, and 2030, and were issued as consideration for his services to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gonel Charles E.
Role
Sr. Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) F2, F1 | 60,000 | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 60,000 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: 60,000 options
Exercise Price: $9.20 per share
Expiration Date: August 11, 2033
+2 more
5 metrics
Options Granted
60,000 options
Stock Option (right to buy) granted to Sr. Vice President Charles E. Gonel
Exercise Price
$9.20 per share
Conversion or exercise price of the stock option grant
Expiration Date
August 11, 2033
Option expiration for the 60,000-share stock option award
Underlying Shares
60,000 shares
Common Stock, No Par Value, underlying the stock option grant
Vesting Installments
4 equal installments
Becomes exercisable on 8/11/2027, 8/11/2028, 8/11/2029, and 8/11/2030
Key Terms
Stock Option (right to buy), conversion or exercise price, grant, award, or other acquisition, Becomes exercisable
4 terms
Stock Option (right to buy) financial
"security_title is listed as Stock Option (right to buy)"
conversion or exercise price financial
"The conversion or exercise price is reported as 9.2000"
grant, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition"
Becomes exercisable financial
"Becomes exercisable in four equal installments on 8/11/2027..."
FAQ
What did CPSS disclose about Charles E. Gonel’s latest equity award?
CONSUMER PORTFOLIO SERVICES, INC. disclosed that Sr. Vice President Charles E. Gonel received 60,000 stock options. These options relate to common stock with an exercise price of $9.20 per share, expiring on August 11, 2033, as part of his service-based compensation.
What is the exercise price and term of Charles E. Gonel’s CPSS stock options?
Charles E. Gonel’s stock options have an exercise price of $9.20 per share and expire on August 11, 2033. This gives him the right to buy CPSS common stock at that price if and when the options vest and are exercised.
When do Charles E. Gonel’s CPSS options vest?
The options granted to Charles E. Gonel become exercisable in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029, and 8/11/2030. This vesting schedule means 25% of the award becomes exercisable on each of those dates.
Why were these CPSS stock options granted to Charles E. Gonel?
The options were issued to Charles E. Gonel in consideration of his services to CONSUMER PORTFOLIO SERVICES, INC. This indicates the award is part of his compensation package rather than a market purchase or sale of existing shares.
Is Charles E. Gonel’s new CPSS option position held directly or indirectly?
The Form 4 indicates that Charles E. Gonel holds the 60,000 stock options directly. The ownership type is coded as direct, with no referenced trust or other entity for this particular derivative position.
AI-generated analysis. How Rhea-AI works. Not financial advice.