Daxor (DXR) director awarded 2,500 stock options at $10.14 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Daxor Corp director Henry D. Cremisi received a grant of stock options for 2,500 shares of common stock. The options carry an exercise price of $10.14 per share and expire on June 23, 2031. This is a compensation-related award, not an open-market trade.
The grant is contingent on SEC approval of an amendment to the Daxor Corporation 2020 Incentive Compensation Plan. The options are scheduled to vest in three installments: 833 options on June 23, 2026, 883 on June 23, 2027, and 834 on June 23, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cremisi Henry D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (right to buy) | 2,500 | $0.00 | -- |
Holdings After Transaction:
Stock Options (right to buy) — 2,500 shares (Direct, null)
Footnotes (1)
- Stock options granted on June 23, 2026 are contingent on the approval of the Securities & Exchange Commission ("SEC") to amend the Daxor Corporation 2020 Incentive Compensation Plan (the "Plan"). The stock options will vest in three installments on June 23, 2026 (833), June 23, 2027 (883) and June 23, 2028 (834)
Key Figures
Options granted: 2,500 options
Exercise price: $10.14 per share
Expiration date: June 23, 2031
+5 more
8 metrics
Options granted
2,500 options
Stock options grant to director Henry D. Cremisi
Exercise price
$10.14 per share
Conversion or exercise price for granted options
Expiration date
June 23, 2031
Option term end date
Underlying shares
2,500 shares
Common stock underlying the options
Post-grant derivative holdings
2,500 options
Total derivative shares following transaction
First vesting installment
833 options
Vest on June 23, 2026
Second vesting installment
883 options
Vest on June 23, 2027
Third vesting installment
834 options
Vest on June 23, 2028
Key Terms
Stock Options (right to buy), exercise price, expiration date, 2020 Incentive Compensation Plan, +1 more
5 terms
Stock Options (right to buy) financial
"security_title: Stock Options (right to buy)"
exercise price financial
"conversion_or_exercise_price: 10.1400"
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.
expiration date financial
"expiration_date: 2031-06-23T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
2020 Incentive Compensation Plan financial
"to amend the Daxor Corporation 2020 Incentive Compensation Plan (the "Plan")"
vesting financial
"The stock options will vest in three installments"
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 did Daxor (DXR) director Henry D. Cremisi report in this Form 4?
Henry D. Cremisi reported receiving a grant of stock options for 2,500 shares of Daxor common stock. These options are a compensation award, not an open-market purchase or sale, and reflect equity-based pay rather than a change in his cash investment position.
What are the key terms of the Daxor (DXR) stock options granted to Henry D. Cremisi?
The options cover 2,500 shares of Daxor common stock at an exercise price of $10.14 per share, expiring June 23, 2031. They were granted as a compensation award and are subject to specific vesting dates and a plan amendment approval condition.
How do the Daxor (DXR) options granted to Henry D. Cremisi vest over time?
The 2,500 stock options vest in three annual installments. According to the disclosure, 833 options vest June 23, 2026, 883 vest June 23, 2027, and 834 vest June 23, 2028, creating a multi-year incentive tied to continued board service.
Are the Daxor (DXR) stock options to Henry D. Cremisi immediately effective?
No, the option grant is contingent on SEC approval to amend the Daxor Corporation 2020 Incentive Compensation Plan. This means the award depends on regulatory clearance of the plan amendment before it is fully effective under the described terms.
What is Henry D. Cremisi’s option position after this Daxor (DXR) grant?
After the reported grant, Cremisi holds 2,500 stock options linked to Daxor common stock, as shown by the total shares following the transaction. These options are subject to staged vesting dates and an expiration on June 23, 2031.