Enova GC receives 2,108 stock options grant
Enova International reported that its General Counsel and Secretary, Sean Rahilly, received a grant of 2,108 non-qualified stock options with a limited stock appreciation right, exercisable for common stock at an exercise price of $166.88 per share.
Rhea-AI Filing Summary
Enova International reported that its General Counsel and Secretary, Sean Rahilly, received a grant of 2,108 non-qualified stock options with a limited stock appreciation right, exercisable for common stock at an exercise price of $166.88 per share. The options were granted as compensation and vest in three substantially equal installments on May 13, 2027, May 13, 2028, and May 13, 2029, subject to continued employment. The tandem SAR becomes exercisable only after a qualifying change in control and qualifying offer, and then only for the 30-day period following such change, providing a cash-settlement feature based on the excess of the offer value over the option exercise price.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,108 shares
Grant/Award
1 txn
Insider
Rahilly Sean
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (right to buy) with limited SAR | 2,108 | $0.00 | $0.00 |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) with limited SAR — 2,108 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: May 13, 2027, May 13, 2028 and May 13, 2029.
Key Figures
Options granted: 2,108 options
Exercise price: $166.88 per share
Expiration date: May 13, 2033
+2 more
5 metrics
Options granted
2,108 options
Non-qualified stock option grant with limited SAR to General Counsel
Exercise price
$166.88 per share
Exercise price of non-qualified stock options
Expiration date
May 13, 2033
Option and tandem SAR expiration
Underlying shares
2,108 shares
Enova common stock underlying the options
Vesting schedule
1/3 each in 2027, 2028, 2029
Vesting on May 13 of 2027, 2028, and 2029
Key Terms
Non-Qualified Stock Option, stock appreciation right, Change in Control, tender offer, +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.
stock appreciation right financial
"The limited stock appreciation right ("SAR") and employee stock option were granted in tandem."
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
"only during the period beginning on the first day 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.
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.
non-qualified stock option financial
"Enova reported that its General Counsel received a grant of 2,108 non-qualified stock options"
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.
FAQ
What insider transaction did Enova (ENVA) report for Sean Rahilly?
Enova reported that General Counsel and Secretary Sean Rahilly received a grant of 2,108 non-qualified stock options with a tandem stock appreciation right. The award is compensation-related, not an open-market purchase, and gives rights to acquire Enova common stock at a fixed exercise price.
What are the key terms of Sean Rahilly’s Enova (ENVA) stock option grant?
The grant covers 2,108 non-qualified stock options with an exercise price of $166.88 per share and an expiration date of May 13, 2033. The options are paired with a limited stock appreciation right and relate to Enova common stock with a par value of $0.00001 per share.
How do the vesting terms work for the Enova (ENVA) options granted to Rahilly?
The options vest in substantially equal one-third increments on May 13, 2027, May 13, 2028, and May 13, 2029. Vesting requires that Sean Rahilly continue serving as an employee of Enova or an affiliate through each applicable vesting date for the corresponding tranche.
What is the limited stock appreciation right (SAR) attached to the Enova (ENVA) options?
The SAR is granted in tandem with the employee stock option, so exercising one cancels the other. It can be exercised only during the 30-day period following a defined Change in Control, and only if a qualifying Offer is made for Enova shares or assets at specified thresholds.
AI-generated analysis. How Rhea-AI works. Not financial advice.
