Caesarstone (CSTE) CEO Shiran Yosef details 1.2M options and share stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Caesarstone Ltd. Chief Executive Officer Shiran Yosef filed an initial Form 3 detailing her equity holdings in the company. She indirectly holds stock options over 1,000,000 ordinary shares at an exercise price of $4.6800 per share expiring on March 14, 2030, and options over 200,000 ordinary shares at $3.9500 per share expiring on March 15, 2031, both held by a trust. She also directly owns 20,112 ordinary shares. The options were granted in March 2023 and March 2024 and vest over four years, with 25% vesting after one year and the remainder vesting quarterly over the following three years. This filing reports existing positions rather than new market transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Shiran Yosef
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option — 1,000,000 shares (Indirect, By Trust);
Ordinary Shares — 20,112 shares (Direct)
Footnotes (1)
- The stock options were granted on 16 March 2023, and vest over a period of four years, whereby 25% of the options will vest upon the first year of the grant, and subsequently 6.25% of the options will vest on a quarterly basis during the three years thereafter. The stock options were granted on 16 March 2024, and vest over a period of four years, whereby 25% of the options will vest upon the first year of the grant, and subsequently 6.25% of the options will vest on a quarterly basis during the three years thereafter.
FAQ
What did Caesarstone (CSTE) CEO Shiran Yosef report on this Form 3?
She reported her existing equity holdings in Caesarstone, including stock options and ordinary shares. The filing outlines indirect options held via a trust and directly owned shares, providing a baseline of her ownership as an executive stakeholder.
What stock option terms did Caesarstone (CSTE) disclose for its CEO Shiran Yosef?
The filing shows two option grants with exercise prices of $4.6800 and $3.9500, expiring in March 2030 and March 2031. Both grants vest over four years, with 25% after one year and 6.25% quarterly thereafter.
Were there any buy or sell transactions in this Caesarstone (CSTE) Form 3?
No buy or sell transactions are reported. The Form 3 lists existing holdings, including stock options and ordinary shares, and serves as an initial statement of beneficial ownership rather than a record of recent trading activity.
How do the vesting schedules work for Caesarstone (CSTE) CEO stock options?
Both option grants vest over four years. Twenty-five percent of each grant vests after the first year from grant date, with the remaining 75% vesting in equal 6.25% installments on a quarterly basis over the next three years.