Caesarstone (CSTE) US president reports stock options and RSUs
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Caesarstone Ltd. executive Brenner Jacov, President Caesarstone U.S., filed an initial Form 3 reporting indirect holdings through a trust. The filing lists stock options over 20,000 ordinary shares at an exercise price of $4.1000 expiring on February 18, 2031, and options over 60,000 shares at $1.6000 expiring on December 15, 2032. It also reports 4,000 ordinary shares held indirectly and restricted stock units, of which 2,000 are vested and the remainder vest in two equal installments on February 19, 2027 and February 19, 2028, all subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Brenner Jacov
Role
President Caesarstone U.S.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option — 20,000 shares (Indirect, By Trust);
Ordinary Shares — 4,000 shares (Indirect, By Trust)
Footnotes (1)
- Restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock, subject to the Reporting Person's continued service through the applicable vesting date. Of the RSUs reported herein, 2,000 are fully vested. The remaining RSUs vest in two equal installments on February 19, 2027, and February 19, 2028. The stock options were granted on February 20, 2024, and vest in four equal annual installments on February 19, 2025, February 19, 2026, February 19, 2027, February 19, 2028, subject to the Reporting Person's continued service through each applicable vesting date. The stock options were granted on December 17, 2025, and vest in four equal annual installments on December 16, 2026, December 16, 2027, December 16, 2028, December 16, 2029, subject to the Reporting Person's continued service through each applicable vesting date.
FAQ
What does the Caesarstone (CSTE) Form 3 filing by Brenner Jacov report?
The Form 3 reports Brenner Jacov’s initial beneficial ownership in Caesarstone. It shows indirect holdings through a trust, including stock options, ordinary shares, and restricted stock units with specific exercise prices, expiration dates, and service-based vesting schedules.
How many stock options does Brenner Jacov report in Caesarstone (CSTE)?
The filing lists stock options over 20,000 ordinary shares at $4.1000 and 60,000 underlying shares at $1.6000. These options expire on February 18, 2031, and December 15, 2032, respectively, and vest in equal annual installments, subject to continued service.
What direct or indirect ownership structure is disclosed in the Caesarstone (CSTE) Form 3?
All reported holdings are indirect, held "By Trust" for Brenner Jacov. The filing specifies indirect ownership for both stock options and ordinary shares, indicating the securities are controlled through a trust rather than directly in his personal name.
How do Brenner Jacov’s Caesarstone (CSTE) restricted stock units vest?
The filing footnotes state each RSU represents one share of common stock. Of the reported RSUs, 2,000 are already vested. The remaining units vest in two equal installments on February 19, 2027, and February 19, 2028, contingent on continued service.
Are there any buy or sell transactions in the Caesarstone (CSTE) Form 3 for Brenner Jacov?
The Form 3 functions as an initial ownership report and shows holding-type entries only. It does not report open-market purchases or sales, but instead lists existing indirect positions in stock options, ordinary shares, and restricted stock units.