Enlight Renewable (ENLT) vice chair exercises options and sells 12,036 shares
Rhea-AI Filing Summary
Enlight Renewable Energy vice chairman Yair Seroussi reported a mix of equity transactions and holdings in the company’s ordinary shares and equity awards. He exercised stock options for 16,000 ordinary shares at $23.22 per share and, in a related move, 3,964 shares were delivered back to the company to cover the option exercise price. He also sold 12,036 ordinary shares at an average price of $102.24 per share in an open-market transaction. Following these transactions, he continues to hold ordinary shares directly and retains unexercised equity awards, including performance-based RSUs over 11,339 underlying shares and stock options over 51,574 underlying shares at an exercise price of $27.33 per share expiring on October 1, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,036 shares ($1,230,561)
Net Sell
6 txns
Insider
SEROUSSI YAIR
Role
Director
Sold
12,036 shs ($1.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 16,000 | $0.00 | -- |
| Exercise | Ordinary shares, NIS 0.1 par value per share | 16,000 | $23.22 | $372K |
| Tax Withholding | Ordinary shares, NIS 0.1 par value per share | 3,964 | $102.24 | $405K |
| Sale | Ordinary shares, NIS 0.1 par value per share | 12,036 | $102.24 | $1.23M |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Performance-Based RSUs | -- | -- | -- |
Holdings After Transaction:
Stock Options (right to buy) — 0 shares (Direct);
Ordinary shares, NIS 0.1 par value per share — 30,233 shares (Direct);
Performance-Based RSUs — 11,339 shares (Direct)
Footnotes (1)
- Represents an exercise price of NIS 71.89, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 3.096 as of March 18, 2026. Includes 7,117 restricted share units granted on April 17, 2024, with 3,558 vesting on and April 17, 2027 and 3,559 vesting on April 17, 2028. Each restricted share unit represents a contingent right to receive one ordinary share of the Company. These shares were retained by the Company in payment of the exercise price of the employee stock options exercised by the Reporting Person. The amount retained by the Company was not in excess of the amount of the exercise price. Represents a transaction price of NIS 290.35, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 2.840 as of the date immediately preceding the date of the transaction. Stock options were granted on September 30, 2021, with 8,875 having vested on each of December 30, 2023, March 30, 2024, June 30, 2024, September 30, 2024, December 30, 2024, March 30, 2025, June 30, 2025, and September 30, 2025. Represents an exercise price of NIS 84.60, converted to U.S. dollars using the Bank of Israel representative exchange rate of $1.00 to NIS 3.096 as of March 18, 2026. Stock options were granted on October 1, 2025, with 12,893 vesting on each of October 1, 2026, and October 1, 2028, and 12,894 vesting on each of October 1, 2027, and October 1, 2029. No transaction has been effected by the Reporting Person with respect to these securities, and they are being included in this Form 4 for informational purposes only. Performance-based RSUs ("PSUs") were granted on October 1, 2025 and vest in four annual tranches: 2,834 on October 1, 2026, and 2,835 on each of October 1, 2027, 2028, and 2029, subject to continued service as an office holder and achievement of performance metrics for the preceding calendar year. The metrics, Total Income and Revenues, and Adjusted EBITDA (each as reported in the Company's Annual Report on Form 20-F), are measured against the midpoint of the Company's forecast published at the start of the applicable performance year. Achievement of 90% of the target yields 50% vesting for that metric's portion of the tranche, with linear interpolation for achievement between 90% and 100%. Metrics are weighted equally and evaluated independently; overperformance in one cannot offset the other. Each PSU represents a contingent right to receive one ordinary share of the Company upon vesting.
Key Figures
Options exercised: 16,000 shares
Option exercise price: $23.22 per share
Shares sold: 12,036 shares
+4 more
7 metrics
Options exercised
16,000 shares
Stock option exercise into ordinary shares on May 28, 2026
Option exercise price
$23.22 per share
Exercise price for 16,000 stock options
Shares sold
12,036 shares
Open-market sale of ordinary shares on May 28, 2026
Sale price
$102.24 per share
Average price for 12,036 sold shares
Tax/exercise shares delivered
3,964 shares
Shares retained by company to cover option exercise price
Remaining PSUs underlying shares
11,339 shares
Performance-based RSUs outstanding after transactions
Remaining options underlying shares
51,574 shares
Stock options at $27.33 strike, expiring October 1, 2032
Key Terms
Performance-based RSUs, tax-withholding disposition, restricted share units, Adjusted EBITDA, +2 more
6 terms
Performance-based RSUs financial
"Performance-based RSUs ("PSUs") were granted on October 1, 2025 and vest in four annual tranches"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Adjusted EBITDA financial
"The metrics, Total Income and Revenues, and Adjusted EBITDA (each as reported in the Company's Annual Report"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Total Income and Revenues financial
"The metrics, Total Income and Revenues, and Adjusted EBITDA"
employee stock options financial
"These shares were retained by the Company in payment of the exercise price of the employee stock options"
Employee stock options are contracts that give workers the right to buy a company's shares at a set price sometime in the future, like a coupon that lets you purchase stock at today’s price later on. Investors care because they align employees’ incentives with company performance and create a potential future claim on shares that can reduce existing owners’ percentage and add to a company’s reported compensation costs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did ENLT vice chairman Yair Seroussi report in this Form 4?
Yair Seroussi reported exercising 16,000 stock options, a related share delivery to cover the exercise price, and an open-market sale of 12,036 Enlight Renewable Energy ordinary shares, while retaining direct share ownership and significant unexercised equity awards in the company.
What stock options did Yair Seroussi exercise in Enlight Renewable Energy?
He exercised stock options covering 16,000 ordinary shares at an exercise price of $23.22 per share. A portion of the resulting shares, totaling 3,964, was retained by Enlight Renewable Energy to pay the exercise price, according to the accompanying explanatory footnote.
What equity awards does Yair Seroussi still hold in ENLT after these transactions?
He continues to hold performance-based RSUs tied to 11,339 underlying ordinary shares and stock options over 51,574 underlying shares with a $27.33 exercise price, expiring on October 1, 2032, providing ongoing equity exposure to Enlight Renewable Energy.