Elbit Systems EVP exercises options, sells shares
Elbit Systems Ltd Executive Vice President Ran Kril reported an exercise-and-sale transaction involving employee stock options held in an employee benefit trust.
Rhea-AI Filing Summary
Elbit Systems Ltd Executive Vice President Ran Kril reported an exercise-and-sale transaction involving employee stock options held in an employee benefit trust. He exercised 8,000 employee stock options at an exercise price of $134.34 per share, receiving the same number of ordinary shares indirectly through the trust. The company retained 1,197 shares to pay the option exercise price, and the remaining 6,803 shares were sold in the market at $887.40 per share. Following these transactions, no shares from this option grant remained in the trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Kril Ran
Role
Executive Vice President
Sold
6,803 shs ($6.04M)
Approx. gross sale proceeds
$6.04M
Approx. exercise cost
$1.07M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 8,000 | $0.00 | $0.00 |
| Exercise | Ordinary shares, par value 1.00 NIS per share | 8,000 | $134.34 | $1.07M |
| Exercise Price or Tax Liability | Ordinary shares, par value 1.00 NIS per share | 1,197 | $898.47 | $1.08M |
| Sale | Ordinary shares, par value 1.00 NIS per share | 6,803 | $887.40 | $6.04M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Indirect, Held in an employee benefit trust by IBI Trust Management);
Ordinary shares, par value 1.00 NIS per share — 0 shares (Indirect, Held in an employee benefit trust by IBI Trust Management)
Footnotes (4)
- F1. Mr. Kril's options and the shares resulting from any exercise of those options were held in trust in accordance with the terms of his award agreement and the plan under which they were granted. Mr. Kril was the sole beneficiary of the options.
- F2. These shares were retained by the Company in payment of the exercise price of the employee stock options exercised by Mr. Kril. The amount retained by the Company was not in excess of the amount of the exercise price.
- F3. The price was paid in New Israeli Shekel. For purposes of this Form 4, a conversion rate of NIS 3.142 for each USD $1.00 was used, which was the closing foreign exchange rate on the date immediately preceding the date of the transaction.
- F4. These options vested and became exercisable in four tranches: 40% on April 7, 2023, 20% on April 7, 2024, 20% on April 7, 2025 and 20% on April 7, 2026.
Key Figures
Options exercised: 8,000 options
Exercise price: $134.34 per share
Shares retained by company: 1,197 shares
+4 more
7 metrics
Options exercised
8,000 options
Employee stock options exercised on 2026-04-09
Exercise price
$134.34 per share
Exercise price of employee stock options
Shares retained by company
1,197 shares
Shares retained to pay option exercise price
Sale shares
6,803 shares
Ordinary shares sold after option exercise
Sale price
$887.40 per share
Price for open-market sale of 6,803 shares
Tax-withholding shares
1,197 shares at $898.47
Shares delivered to pay exercise price
Net shares sold
6,803 shares
Net open-market sale according to transaction summary
Key Terms
Employee Stock Option, tax-withholding disposition, employee benefit trust, exercise price, +1 more
5 terms
Employee Stock Option financial
"security_title: "Employee Stock Option (right to buy)""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
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.
employee benefit trust financial
"nature_of_ownership: "Held in an employee benefit trust by IBI Trust Management""
An employee benefit trust is a pool of shares or cash held by an independent trustee to deliver pay, bonuses or long-term incentives to a company’s staff. Think of it like a communal piggy bank managed by a neutral guardian that releases rewards to employees over time. Investors watch these trusts because they change how many shares are available, can affect voting control, and signal whether employee pay aligns with long-term company performance.
exercise price financial
"These shares were retained by the Company in payment of the exercise price"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vested and became exercisable financial
"These options vested and became exercisable in four tranches"
FAQ
What insider transaction did Elbit Systems (ESLT) report for Executive Vice President Ran Kril?
Elbit Systems reported that Executive Vice President Ran Kril exercised 8,000 employee stock options and disposed of all resulting shares. The options converted into ordinary shares held via an employee benefit trust, and all shares from this grant were used to cover costs or sold.
How many Elbit Systems (ESLT) options did Ran Kril exercise and at what price?
Ran Kril exercised 8,000 employee stock options at an exercise price of $134.34 per share. These options converted into 8,000 ordinary shares held indirectly through an employee benefit trust before subsequent tax and sale transactions reduced that position to zero.
How were taxes or exercise costs handled in Ran Kril’s Elbit Systems (ESLT) option exercise?
To cover the option exercise cost, 1,197 Elbit Systems ordinary shares were retained by the company. This tax-withholding style disposition paid the exercise price for the 8,000 options exercised, so Mr. Kril did not keep those 1,197 shares after the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
