Consumer Portfolio Services (CPSS) grants 60,000 stock options to senior vice president
Rhea-AI Filing Summary
CONSUMER PORTFOLIO SERVICES, INC. granted Sr. Vice President Noel Jackson a stock option for 60,000 shares of common stock at an exercise price of $9.20 per share. The option vests in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029, and 8/11/2030 and expires on 8/11/2033. The award was issued in consideration of Jackson's services to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jackson Noel
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
Underlying shares: 60,000 shares
+2 more
5 metrics
Stock options granted
60,000 shares
Stock Option (right to buy) granted to Sr. Vice President Noel Jackson
Exercise price
$9.20 per share
Conversion or exercise price of granted stock options
Underlying shares
60,000 shares
Common Stock, No Par Value underlying the stock option
Expiration date
08/11/2033
Option term end date
Vesting installments
4 installments
Equal vesting on 8/11/2027, 8/11/2028, 8/11/2029, 8/11/2030
Key Terms
Stock Option (right to buy), conversion or exercise price, exercisable, underlying security
4 terms
Stock Option (right to buy) financial
"security_title is listed as Stock Option (right to buy)"
conversion or exercise price financial
"Field labeled conversion_or_exercise_price shows 9.2000"
exercisable financial
"Becomes exercisable in four equal installments on 8/11/2027"
underlying security financial
"underlying_security_title is Common Stock, No Par Value"
FAQ
What did CPSS executive Noel Jackson receive in this Form 4 filing?
Noel Jackson received a stock option grant for 60,000 shares of CONSUMER PORTFOLIO SERVICES, INC. common stock, representing compensation for services provided to the company.
What is the exercise price of Noel Jackson’s CPSS stock options?
The stock options have an exercise price of $9.20 per share. This is the price at which Jackson can purchase CPSS common stock upon exercising the options after they vest.
When do Noel Jackson’s CPSS stock options vest?
The options become exercisable in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029, and 8/11/2030, providing a multi-year vesting schedule tied to continued service.
When do the CPSS stock options granted to Noel Jackson expire?
The stock options expire on 8/11/2033. After this expiration date, any unexercised portion of the 60,000-share option grant will no longer be available to be exercised.
Why were these CPSS stock options issued to Noel Jackson?
The options were issued in consideration of Jackson’s services to CONSUMER PORTFOLIO SERVICES, INC., indicating they are part of his equity-based compensation package.
AI-generated analysis. How Rhea-AI works. Not financial advice.