Consumer Portfolio Services (CPSS) CEO receives 300,000 stock options at $9.20 strike
Rhea-AI Filing Summary
CONSUMER PORTFOLIO SERVICES, INC. reported that CEO, director and 10% owner Charles E. Bradley Jr received a grant of 300,000 stock options with an exercise price of $9.20 per share. These options vest in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029 and 8/11/2030 and expire on 8/11/2033. The grant was issued as consideration for his services to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BRADLEY CHARLES E JR
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) F2, F1 | 300,000 | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 300,000 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
Options granted: 300,000 stock options
Exercise price: $9.20 per share
Expiration date: 8/11/2033
+2 more
5 metrics
Options granted
300,000 stock options
Grant of stock options to CEO, director and 10% owner
Exercise price
$9.20 per share
Conversion or exercise price for the 300,000 options
Expiration date
8/11/2033
Expiration of the granted stock options
Vesting dates
8/11/2027, 8/11/2028, 8/11/2029, 8/11/2030
Four equal installments when options become exercisable
Underlying shares
300,000 shares of Common Stock
Shares of common stock underlying the stock options
Key Terms
Stock Option (right to buy), exercise price, expiration date, Grant, award, or other acquisition
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 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.
expiration date financial
"expiration_date: 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The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did CPSS report for Charles E. Bradley Jr on this Form 4?
CONSUMER PORTFOLIO SERVICES, INC. reported that Charles E. Bradley Jr received a grant of 300,000 stock options. The award is a compensation-related acquisition, not an open-market trade, and relates to the company’s common stock.
What is the exercise price and term of the new CPSS stock options granted to the CEO?
The granted stock options have an exercise price of $9.20 per share and an expiration date of 8/11/2033. They are exercisable for CPSS common stock once vested, subject to the stated vesting schedule.
How do the newly granted CPSS options to Charles E. Bradley Jr vest over time?
The 300,000 options become exercisable in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029 and 8/11/2030. Each installment represents one-quarter of the total option grant tied to his continued service.
How many CPSS derivative securities does the CEO hold after this reported grant?
Following this transaction, 300,000 stock options are reported as held directly by Charles E. Bradley Jr. These options relate to an equal number of shares of CPSS common stock, subject to vesting and the $9.20 exercise price.
Was the CPSS CEO’s option grant made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed for this Form 4. The transaction is reported as a compensation-related grant/award acquisition, rather than a purchase or sale under a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.