Enova International (NYSE: ENVA) awards 6,190 stock options to Executive Chairman
Rhea-AI Filing Summary
Enova International, Inc.'s Executive Chairman David Fisher received a grant of 6,190 non-qualified stock options on August 5, 2026, with an exercise price of $257.79 per share and expiration on August 5, 2033. The options vest in three equal annual installments from 2027 to 2029 and are paired with a limited stock appreciation right exercisable only upon a qualifying change in control and offer, as defined in the grant agreement.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fisher David
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (right to buy) with limited SAR F1, F2, F3 | 6,190 | $0.00 | $0.00 |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) with limited SAR — 6,190 shares (Direct)
Footnotes (3)
- F1. The limited stock appreciation right ("SAR") and employee stock option were granted in tandem. Accordingly, the exercise of one results in the expiration of the other. The SAR may be exercised only during the period beginning on the first day following the date that a "Change in Control" of Issuer occurs (as defined in the related grant agreement) and ending on the thirtieth day following such date. Upon exercise, the grantee shall be able to receive an amount equal to the product computed by multiplying (i) the excess of the "Offer Value Per Share" over the exercise price of the underlying option by (ii) the number of shares with respect to which the SAR is being exercised; provided, that such amount shall only be payable in the event an "Offer" is made.
- F2. The "Offer Value Per Share" means the average selling price of Issuer's common stock during the period of 30 days ending on the date on which the SAR is exercised. "Offer" means any tender offer or exchange offer for outstanding shares of Issuer representing at least 30% of the total voting power of the stock of Issuer, or an offer to purchase assets from Issuer that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of Issuer, other than an offer made by Issuer.
- F3. The options shall vest in substantially equal one-third increments on each of the following dates as long as grantee serves as an employee of Issuer or an affiliate thereof through the applicable vesting date: August 5, 2027, August 5, 2028 and August 5, 2029.
Key Figures
Options granted: 6,190 shares
Exercise price: $257.79 per share
Expiration date: August 5, 2033
+2 more
5 metrics
Options granted
6,190 shares
Non-qualified stock options with limited SAR granted to David Fisher on August 5, 2026
Exercise price
$257.79 per share
Exercise price of non-qualified stock options granted to David Fisher
Expiration date
August 5, 2033
Expiration of the non-qualified stock options granted on August 5, 2026
Vesting schedule
One-third on August 5, 2027; August 5, 2028; August 5, 2029
Vesting of the 6,190 stock options, contingent on continued employment
Derivative holdings after grant
6,190 options
Total derivative securities held directly by David Fisher following this grant
Key Terms
Non-Qualified Stock Option, stock appreciation right, Change in Control, tender offer
4 terms
Non-Qualified Stock Option financial
"Security titled "Non-Qualified Stock Option (right to buy) with limited SAR""
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
stock appreciation right financial
"The limited stock appreciation right ("SAR") and employee stock option were granted"
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.
Change in Control financial
"may be exercised only during the period following the date that a "Change in Control""
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
tender offer financial
""Offer" means any tender offer or exchange offer for outstanding shares of Issuer"
A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Enova (ENVA) report for Executive Chairman David Fisher?
Enova reported that Executive Chairman David Fisher received a grant of 6,190 non-qualified stock options on August 5, 2026. These options carry an exercise price of $257.79 per share and expire on August 5, 2033, forming part of his equity-based compensation.
How many Enova (ENVA) options does David Fisher hold after this reported grant?
After the reported transaction, David Fisher holds 6,190 non-qualified stock options directly. These options are tied to Enova common stock and represent derivative securities that can be exercised at $257.79 per share before their August 5, 2033 expiration, subject to vesting conditions.
What are the exercise price and expiration date of David Fisher’s new Enova (ENVA) options?
David Fisher’s newly granted options have an exercise price of $257.79 per share and an expiration date of August 5, 2033. They are structured as non-qualified stock options on Enova common stock, granted as part of his role as Executive Chairman.
When do David Fisher’s newly granted Enova (ENVA) stock options vest?
The options vest in three substantially equal one-third installments on August 5, 2027, August 5, 2028 and August 5, 2029. Vesting requires that Fisher continues to serve as an employee of Enova or an affiliate through each applicable vesting date, according to the grant terms.
What special stock appreciation right (SAR) terms are attached to David Fisher’s Enova (ENVA) options?
The grant includes a limited stock appreciation right (SAR) issued in tandem with the option. The SAR is exercisable only after a defined change in control and for 30 days, paying the excess of “Offer Value Per Share” over the option exercise price, only if a qualifying offer occurs.