Elbit EVP exercises options, sells 7,654 shares
Elbit Systems executive vice president Yoram Shmuely reported a combined option exercise, tax settlement, and share sale.
Rhea-AI Filing Summary
Elbit Systems executive vice president Yoram Shmuely reported a combined option exercise, tax settlement, and share sale. On April 9, 2026, an employee benefit trust exercised 9,000 employee stock options on his behalf at $134.34 per share, resulting in 9,000 ordinary shares held for his benefit.
Of these shares, 1,346 were retained by Elbit Systems to pay the option exercise price, and 7,654 shares were then sold in an open-market transaction at $887.40 per share. After these transactions, no shares or options from this award remained in the trust. The options and resulting shares were held in trust, with Shmuely as sole beneficiary.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Shmuely Yoram
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. Shmuely'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. Shmuely 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. Shmuely. 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 options
Option exercise price: $134.34 per share
Shares sold: 7,654 shares
+3 more
6 metrics
Options exercised
9,000 options
Employee stock options exercised on April 9, 2026 at $134.34
Option exercise price
$134.34 per share
Exercise price for 9,000 employee stock options
Shares sold
7,654 shares
Ordinary shares sold in open market on April 9, 2026
Sale price
$887.40 per share
Price for 7,654 ordinary shares sold
Shares retained for payment
1,346 shares
Shares retained by company to cover exercise price and related obligations
Net shares sold
7,654 shares
Net open-market sale after exercise and tax/payment 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
"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"
Sale in open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Elbit Systems (ESLT) report for Yoram Shmuely?
Elbit Systems reported that executive vice president Yoram Shmuely exercised 9,000 employee stock options held in an employee benefit trust, then used part of the resulting shares for tax and exercise costs and sold the remaining shares in the open market.
How many Elbit Systems (ESLT) options did Yoram Shmuely exercise and at what price?
Shmuely exercised 9,000 employee stock options at an exercise price of $134.34 per share. The options were held in an employee benefit trust, and he was the sole beneficiary of these options under his award agreement.
How were taxes and exercise costs handled in Yoram Shmuely’s Elbit Systems (ESLT) transaction?
Elbit Systems retained 1,346 shares to pay the exercise price and related obligations on the options exercised by Shmuely. The company states the amount retained was not more than the option exercise price required for the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
