Elbit EVP exercises options, sells 7,654 shares
Elbit Systems Executive Vice President Haim Daniel Delmar exercised employee stock options to acquire 9,000 ordinary shares of Elbit Systems Ltd. at $134.34 per share, held indirectly through an employee benefit trust.
Rhea-AI Filing Summary
Elbit Systems Executive Vice President Haim Daniel Delmar exercised employee stock options to acquire 9,000 ordinary shares of Elbit Systems Ltd. at $134.34 per share, held indirectly through an employee benefit trust.
The company retained 1,346 shares to pay the option exercise price, and the remaining 7,654 shares were sold in an open-market transaction at $887.40 per share. Following these transactions, the trust reported no remaining options or shares for this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Delmar Haim Daniel
Role
Executive Vice President
Sold
7,654 shs ($6.79M)
Approx. gross sale proceeds
$6.79M
Approx. exercise cost
$1.21M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 9,000 | $0.00 | $0.00 |
| Exercise | Ordinary shares, par value 1.00 NIS per share | 9,000 | $134.34 | $1.21M |
| Exercise Price or Tax Liability | Ordinary shares, par value 1.00 NIS per share | 1,346 | $898.47 | $1.21M |
| Sale | Ordinary shares, par value 1.00 NIS per share | 7,654 | $887.40 | $6.79M |
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. Delmar'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. Delmar 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. Delmar. 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: 9,000 shares
Option exercise price: $134.34/share
Shares retained for exercise price: 1,346 shares
+5 more
8 metrics
Options exercised
9,000 shares
Employee stock options exercised on April 9, 2026
Option exercise price
$134.34/share
Exercise price for 9,000 options
Shares retained for exercise price
1,346 shares
Retained by company as payment of exercise price
Retention price
$898.47/share
Value of shares retained to pay exercise price
Shares sold
7,654 shares
Open-market sale on April 9, 2026
Sale price
$887.40/share
Price for open-market sale of 7,654 shares
Remaining derivatives
0 options
No remaining options from this grant after exercise
Shares after transactions
0 shares
Trust holdings from this award after sale and retention
Key Terms
Employee Stock Option (right to buy), tax-withholding disposition, employee benefit trust, Exercise or conversion of derivative security, +1 more
5 terms
Employee Stock Option (right to buy) financial
"security_title: Employee Stock Option (right to buy)"
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 or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did Elbit Systems (ESLT) report for Haim Daniel Delmar?
Elbit Systems reported that Executive Vice President Haim Daniel Delmar exercised options for 9,000 ordinary shares and then disposed of all resulting shares, with 1,346 retained by the company to pay the exercise price and 7,654 sold on the open market.
How many Elbit Systems (ESLT) options did Haim Daniel Delmar exercise?
Haim Daniel Delmar exercised employee stock options covering 9,000 Elbit Systems ordinary shares. These options were held in an employee benefit trust, had an exercise price of $134.34 per share, and were fully exercised, leaving no remaining options from this grant after the transaction.
At what prices were Haim Daniel Delmar’s Elbit Systems (ESLT) transactions executed?
The options were exercised at $134.34 per share to acquire 9,000 shares. Of those shares, 1,346 were retained by the company at $898.47 per share to pay the exercise price, and 7,654 shares were sold in the open market at $887.40 per share.
What does the F code mean in Haim Daniel Delmar’s Elbit Systems (ESLT) Form 4?
In this Form 4, the F code represents shares used to pay the option exercise price or tax liability. Footnotes explain that 1,346 Elbit Systems shares were retained by the company specifically as payment of the exercise price for the options exercised by Haim Daniel Delmar.
AI-generated analysis. How Rhea-AI works. Not financial advice.
