Enova International grants Fisher 6,993 options
The executive chairman's options vest over three annual dates; the tandem SAR has a post-Change in Control exercise window and pays only if an Offer is made.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Enova International, Inc. executive chairman David Fisher received a direct award on November 3, 2026, of 6,993 non-qualified stock options covering common shares, granted in tandem with a limited stock appreciation right (SAR). 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, 2028 and 2029, provided he remains an employee through each date. The tandem SAR may be exercised from the first day following a Change in Control through the 30th day following it, and a payout is available only if an Offer is made.
Insider Trade Summary
Grant/Award: 6,993 shares
Grant/Award
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 | 6,993 | $0.00 | $0.00 |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) with limited SAR — 6,993 contracts (Direct)
Holdings Before and After:
Non-Qualified Stock Option (right to buy) with limited SAR, 0 to 6,993 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
Non-qualified stock options awarded: 6,993 options
Exercise price: $186.21 per share
Option expiration date: November 3, 2033
+4 more
7 metrics
Non-qualified stock options awarded
6,993 options
Awarded November 3, 2026
Exercise price
$186.21 per share
Options awarded November 3, 2026
Option expiration date
November 3, 2033
Non-qualified stock options
Vesting schedule
Substantially equal one-third increments on November 3, 2027, November 3, 2028 and November 3, 2029
Subject to continued employment through each applicable date
SAR exercise period
From the first day following a Change in Control through the 30th day following it
Limited stock appreciation right granted in tandem with the options
Tender or exchange Offer threshold
At least 30% of total voting power
Applies to an offer for the issuer's outstanding shares
Asset purchase Offer threshold
Equal to or more than 40% of the total gross fair market value of the issuer's assets
An offer to purchase issuer assets
Key Terms
Non-Qualified Stock Option, limited stock appreciation right, Change in Control, Offer Value Per Share
4 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") and employee stock option were granted in tandem"
Change in Control technical
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many options did ENVA executive chairman David Fisher receive?
David Fisher received an award of 6,993 non-qualified stock options on November 3, 2026. The options have an exercise price of $186.21 per share and expire November 3, 2033.
When do David Fisher's ENVA options vest, and when can the SAR be exercised?
The options vest in substantially equal one-third increments on November 3, 2027, November 3, 2028 and November 3, 2029, if he serves as an employee through each applicable date. The tandem SAR may be exercised beginning the first day following a Change in Control and through the 30th day following it; payment is available only if an Offer is made.
What qualifies as an Offer for David Fisher's ENVA SAR?
An Offer is a tender or exchange offer for ENVA's outstanding shares representing at least 30% of total voting power, or an offer to purchase issuer assets with total gross fair market value equal to or more than 40% of the total gross fair market value of the issuer's assets. An offer made by the issuer is excluded.
AI-generated analysis. How Rhea-AI works. Not financial advice.
