Ceragon Networks (CRNT) CEO receives new RSU and stock option grants
Rhea-AI Filing Summary
Ceragon Networks' Chief Executive Officer Arazi Doron Ovadia reported new equity compensation awards. He received 66,667 restricted stock units representing potential ordinary shares, granted at no cash cost. These RSUs vest in four equal annual installments of 25% starting on June 11, 2027, conditioned on continued service.
He was also granted stock options covering 133,333 ordinary shares at an exercise price of $2.977 per share. These options vest 25% on June 11, 2027, with the remaining 75% vesting in twelve equal quarterly installments over three years, and expire on June 11, 2032. After the RSU grant, he directly holds 375,001 ordinary shares, and holds options for 133,333 shares.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 66,667 shares
Net Buy
2 txns
Insider
Arazi Doron Ovadia
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 133,333 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares | 66,667 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 133,333 shares (Direct);
Ordinary Shares — 375,001 shares (Direct)
Footnotes (2)
- F1. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of ordinary stock of Ceragon Networks Ltd. (the "Company"). The RSUs vest in four equal annual installments (25% per year) commencing on 6/11/2027 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date.
- F2. The Options vest 25% on the first anniversary of the grant date (06/11/2027) and the remaining 75% vest in twelve equal quarterly installments over a three-year period commencing on 6/11/2027, subject to the Reporting Persons continued service to the Company or its subsidiaries through each vesting date
Key Figures
RSU grant size: 66,667 RSUs
Option grant size: 133,333 options
Option exercise price: $2.977 per share
+4 more
7 metrics
RSU grant size
66,667 RSUs
Each RSU represents one ordinary share; granted to CEO
Option grant size
133,333 options
Stock Option (Right to Buy) underlying ordinary shares
Option exercise price
$2.977 per share
Exercise price for 133,333 stock options
Shares held after grant
375,001 shares
Ordinary shares directly held by CEO after RSU grant
RSU vesting start
June 11, 2027
First vesting date for 25% of RSUs
Option vesting pattern
25% + 75% quarterly
25% on June 11, 2027; remaining 75% over 12 quarters
Option expiration
June 11, 2032
Expiration date of stock options
Key Terms
restricted stock units ("RSUs"), Stock Option (Right to Buy), exercise price, vesting
4 terms
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price": "2.9770""
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.
vesting financial
"The RSUs vest in four equal annual installments (25% per year) commencing on 6/11/2027"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Ceragon Networks (CRNT) CEO Arazi Doron Ovadia receive in this Form 4?
The CEO received 66,667 restricted stock units and stock options for 133,333 ordinary shares. The RSUs and options are compensation grants, awarded at no cash cost, and vest over several years starting in June 2027, subject to his continued service.
How do the new RSUs for Ceragon Networks (CRNT) CEO vest?
The 66,667 RSUs vest in four equal annual installments of 25% each. Vesting begins on June 11, 2027, and continues annually, provided Arazi Doron Ovadia remains in service with Ceragon Networks Ltd. or its subsidiaries through each vesting date.
What are the key terms of the stock options granted to the Ceragon Networks (CRNT) CEO?
The CEO received options for 133,333 ordinary shares with a $2.977 exercise price. Twenty-five percent vest on June 11, 2027, and the remaining 75% vest in twelve equal quarterly installments over three years, with the options expiring on June 11, 2032.
Are the Ceragon Networks (CRNT) CEO’s new equity grants open-market purchases or compensation awards?
They are compensation-related awards, not open-market purchases. The Form 4 shows transaction code “A” for grant or award, with RSUs and stock options given at no cash cost, vesting over multiple years based on continued employment.