Consumer Portfolio Services (CPSS) grants 120,000 stock options to its President
Rhea-AI Filing Summary
Consumer Portfolio Services, Inc. reported that President Michael T. Lavin received a grant of stock options for 120,000 shares of Common Stock at 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 award was issued in consideration of his services to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lavin Michael T.
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) F2, F1 | 120,000 | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 120,000 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: 120,000 shares
Exercise Price: $9.20 per share
Expiration Date: 08/11/2033
+2 more
5 metrics
Options Granted
120,000 shares
Stock Option (right to buy) grant to President Michael T. Lavin
Exercise Price
$9.20 per share
Conversion or exercise price of granted stock options
Expiration Date
08/11/2033
Option grant expiration for Michael T. Lavin
Vesting Start
08/11/2027
First of four equal vesting installments
Total Options After Grant
120,000 options
Total derivative holdings reported following this transaction
Key Terms
Stock Option (right to buy), exercise price, vest in four equal installments, expiration date
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.
vest in four equal installments financial
"Becomes exercisable in four equal installments on 8/11/2027"
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The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
FAQ
What did CPSS President Michael T. Lavin report in this Form 4?
Michael T. Lavin reported a grant of stock options for 120,000 shares of Consumer Portfolio Services, Inc. common stock, awarded in consideration of his services to the company.
What is the exercise price of the options granted to CPSS President Michael T. Lavin?
The options granted to Michael T. Lavin have an exercise price of $9.20 per share, allowing him to buy Consumer Portfolio Services common stock at that price once vested.
When do Michael T. Lavin’s CPSS stock options vest?
Michael T. Lavin’s options vest in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029, and 8/11/2030, spreading the vesting over four years.
What is the expiration date of the stock options reported by CPSS President Michael T. Lavin?
The stock options granted to Michael T. Lavin expire on 8/11/2033. After that date, any unexercised options will no longer be exercisable for Consumer Portfolio Services shares.
Why were these CPSS stock options issued to Michael T. Lavin?
The options were issued in consideration of Michael T. Lavin’s services to Consumer Portfolio Services, Inc., indicating they are part of his compensation package.
AI-generated analysis. How Rhea-AI works. Not financial advice.
