Enova International grants Chartier 2,366 options
The award vests in one-third increments only if service continues through each date; the tandem SAR has a limited post-change-in-control exercise window.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Enova International, Inc. Chief Strategy Officer Kirk Chartier received a grant of 2,366 non-qualified stock options with a limited stock appreciation right on November 3, 2026. The options have an exercise price of $186.21 per share and expire November 3, 2033. They vest in substantially equal one-third increments on November 3, 2027, November 3, 2028 and November 3, 2029, provided he remains an employee through each vesting date. The tandem SAR may be exercised only from the first day after a defined Change in Control through the 30th day after it, and payment is available only if a qualifying Offer is made.
Insider Trade Summary
Grant/Award: 2,366 shares
Grant/Award
1 txn
Insider
Chartier Kirk
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (right to buy) with limited SAR F1, F2, F3 | 2,366 | $0.00 | $0.00 |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) with limited SAR — 2,366 contracts (Direct)
Holdings Before and After:
Non-Qualified Stock Option (right to buy) with limited SAR, 0 to 2,366 contracts (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: November 3, 2027, November 3, 2028 and November 3, 2029.
Key Figures
Options granted: 2,366 options
Underlying common shares: 2,366 shares
Exercise price: $186.21 per share
+2 more
5 metrics
Options granted
2,366 options
Grant dated November 3, 2026
Underlying common shares
2,366 shares
Shares underlying the options
Exercise price
$186.21 per share
Option exercise price
Vesting schedule
One-third increments
November 3, 2027, November 3, 2028 and November 3, 2029, subject to continued employee service through each date
Expiration date
November 3, 2033
Option expiration
Key Terms
Non-Qualified Stock Option, limited stock appreciation right, Change in Control, Offer Value Per Share, +1 more
5 terms
Non-Qualified Stock Option financial
"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.
limited stock appreciation right financial
"The limited stock appreciation right ("SAR")"
Change in Control technical
"following the date that a "Change in Control" of Issuer occurs"
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.
Offer financial
""Offer" means any tender offer or exchange offer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many options did Enova's chief strategy officer receive, and at what exercise price?
Kirk Chartier, Enova's Chief Strategy Officer, received a grant of 2,366 non-qualified stock options on November 3, 2026, with an exercise price of $186.21 per share. The options relate to 2,366 shares of Enova common stock and expire November 3, 2033.
When do Kirk Chartier's ENVA options vest?
The options vest in substantially equal one-third increments on November 3, 2027, November 3, 2028 and November 3, 2029, provided Kirk Chartier remains an employee of Enova or an affiliate through each applicable vesting date.
What are the terms of the limited SAR attached to Kirk Chartier's ENVA option grant?
After a defined Change in Control, the SAR may be exercised beginning the following day and ending on the 30th day after the event. Payment is available only if an Offer is made: a tender or exchange offer representing at least 30% of total voting power, or an offer to purchase assets with a total gross fair market value equal to or more than 40% of the gross fair market value of all assets. An offer made by Enova is excluded.
AI-generated analysis. How Rhea-AI works. Not financial advice.
