Elmet Group Co. (ELMT) executive details equity and SAR holdings
Rhea-AI Filing Summary
Elmet Group Co. executive Derek Scott Fox, President of the CMC Division, filed an initial ownership report showing his equity stake in the company. He holds 784,064 shares of common stock, comprised of 455,674 common shares and 328,390 shares of unvested restricted stock that are scheduled to vest 180 days after the consummation of the initial public offering of Elmet Group Co.
Fox also holds stock appreciation rights tied to 310,420 shares of common stock with an exercise price of $0.9100 per share, expiring on December 31, 2027. These stock appreciation rights vest upon either completion of the IPO before December 31, 2026 or a sale of the company for a purchase price exceeding $17,371,560, subject to his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Fox Derek Scott
Role
President, CMC Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Right — 310,420 shares (Direct);
Common Stock — 784,064 shares (Direct)
Footnotes (2)
- F1. Comprised of 455,674 shares of common stock and 328,390 shares of unvested restricted stock which is scheduled to vest 180 days after the consummation of the initial public offering (the "IPO") of The Elmet Group Co. (the "Issuer").
- F2. The stock appreciation rights vest upon either (i) the consummation of the IPO prior to December 31, 2026 or (ii) the sale of the Issuer for a purchase price in excess of $17,371,560, in each case subject to Mr. Fox's continued employment with the Company.
Key Figures
Common stock holdings: 784,064 shares
Common shares (non-restricted): 455,674 shares
Unvested restricted stock: 328,390 shares
+4 more
7 metrics
Common stock holdings
784,064 shares
Total common stock beneficially owned by Derek Scott Fox
Common shares (non-restricted)
455,674 shares
Portion of Fox’s holdings in standard common stock
Unvested restricted stock
328,390 shares
Scheduled to vest 180 days after the IPO consummation
Underlying SAR shares
310,420 shares
Underlying common shares for stock appreciation rights
SAR exercise price
$0.9100 per share
Exercise price on stock appreciation rights
SAR purchase price threshold
$17,371,560
Minimum company sale price condition for SAR vesting
SAR expiration
December 31, 2027
Expiration date of stock appreciation rights
Key Terms
Stock Appreciation Right, unvested restricted stock, initial public offering, exercise price
4 terms
Stock Appreciation Right financial
"The stock appreciation rights vest upon either (i) the consummation of the IPO prior to December 31, 2026 or (ii) the sale of the Issuer..."
A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.
unvested restricted stock financial
"Comprised of 455,674 shares of common stock and 328,390 shares of unvested restricted stock which is scheduled to vest 180 days after..."
initial public offering financial
"scheduled to vest 180 days after the consummation of the initial public offering (the "IPO") of The Elmet Group Co."
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
exercise price financial
"The stock appreciation rights vest upon either (i) the consummation of the IPO... with an exercise price of 0.9100..."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Elmet Group Co. (ELMT) executive Derek Scott Fox report on his Form 3?
Derek Scott Fox reported his initial ownership in Elmet Group Co., including 784,064 shares of common stock and stock appreciation rights tied to 310,420 underlying shares, giving investors a clear view of his current equity-based holdings in the company.
What are the key terms of Derek Scott Fox’s stock appreciation rights in Elmet Group Co. (ELMT)?
His stock appreciation rights relate to 310,420 underlying common shares with a $0.9100 exercise price and a December 31, 2027 expiration, providing potential upside participation tied to company value within that timeframe.
Under what conditions do Derek Scott Fox’s Elmet Group Co. (ELMT) stock appreciation rights vest?
The stock appreciation rights vest upon either completion of the IPO before December 31, 2026 or a sale of Elmet Group Co. for a purchase price above $17,371,560, in each case conditioned on Fox’s continued employment with the company.