Consumer Portfolio Services (CPSS) awards 60,000 options to senior vice president
Rhea-AI Filing Summary
CONSUMER PORTFOLIO SERVICES, INC. granted Sr. Vice President Steven Schween a stock option covering 60,000 shares of Common Stock at an exercise price of $9.20 per share. The option was issued as consideration for his services, vests in four equal annual installments beginning August 11, 2027, and expires on August 11, 2033. Following this award, Schween holds 60,000 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schween Steven
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
Stock options granted: 60,000 shares
Exercise price: $9.20 per share
Expiration date: 2033-08-11
+2 more
5 metrics
Stock options granted
60,000 shares
Stock Option (right to buy) awarded to Sr. Vice President on 2026-08-11
Exercise price
$9.20 per share
Conversion or exercise price of the granted stock option
Expiration date
2033-08-11
Expiration date of the stock option grant to the Sr. Vice President
Post-award derivative holdings
60,000 derivative securities
Total derivative securities held directly by Steven Schween after the transaction
Vesting start date
2027-08-11
First vesting date; option becomes exercisable in four equal annual installments
Key Terms
Stock Option (right to buy), exercise price, derivative securities, vesting
4 terms
Stock Option (right to buy) financial
"security_title is listed as Stock Option (right to buy)"
exercise price financial
"Conversion or exercise price is shown as 9.2000 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.
derivative securities financial
"Total derivative securities beneficially owned following reported transaction"
Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.
vesting financial
"Becomes exercisable in four equal installments on specified dates"
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.
FAQ
What insider transaction did CPSS report for Steven Schween?
CONSUMER PORTFOLIO SERVICES, INC. reported that Sr. Vice President Steven Schween received a grant of 60,000 stock options. These options relate to Common Stock and were issued as consideration for his services to the company.
How many stock options did Steven Schween receive from CPSS and at what price?
Steven Schween received 60,000 stock options from CPSS with an exercise price of $9.20 per share. The options represent rights to acquire Common Stock, no par value, at that fixed price if exercised.
What is the vesting schedule of Steven Schween’s CPSS stock options?
The stock options granted to Steven Schween by CPSS become exercisable in four equal installments. Vesting dates are 8/11/2027, 8/11/2028, 8/11/2029, and 8/11/2030, subject to the terms of the award.
When do Steven Schween’s CPSS stock options expire?
Steven Schween’s CPSS stock options expire on August 11, 2033. After this expiration date, any unexercised portion of the option will no longer be exercisable under the terms disclosed.
Are Steven Schween’s CPSS option grants under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed for this transaction. The options are described as being issued in consideration of Schween’s services, rather than under a pre-arranged trading plan.
How many derivative securities does Steven Schween hold in CPSS after this award?
After the reported grant, Steven Schween holds 60,000 derivative securities directly. These are stock options representing rights to acquire the company’s Common Stock, subject to vesting and the $9.20 exercise price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
