Elbit EVP exercises 9,000 options, sells shares
Elbit Systems Executive Vice President Ariel Jonathan exercised employee stock options for 9,000 ordinary shares at $134.34 per share, with the options and resulting shares held in an employee benefit trust.
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Form Type
4
Rhea-AI Filing Summary
Elbit Systems Executive Vice President Ariel Jonathan exercised employee stock options for 9,000 ordinary shares at $134.34 per share, with the options and resulting shares held in an employee benefit trust. Of the acquired shares, 1,346 were retained by the company to pay the option exercise price and 7,654 shares were sold in the open market at $887.40 per share. Following these transactions, the trust no longer holds shares or options from this grant for Mr. Ariel.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Ariel Jonathan
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. Ariel'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. Ariel 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. Ariel. 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 acquired on exercise: 9,000 shares
+4 more
7 metrics
Options exercised
9,000 options
Employee Stock Option exercise on 2026-04-09
Option exercise price
$134.34 per share
Exercise or conversion price for 9,000 options
Shares acquired on exercise
9,000 shares
Ordinary shares received from option exercise
Shares withheld for exercise price
1,346 shares at $898.47
Shares retained by company to pay exercise price
Shares sold
7,654 shares at $887.40
Open-market sale on 2026-04-09
Net shares bought/sold
-7,654 shares
Net sell direction from transaction summary
Options remaining from grant
0 options
No remaining derivative position in derivativeSummary
Key Terms
Employee Stock Option, exercise or conversion of derivative security, tax-withholding disposition, employee benefit trust, +1 more
5 terms
Employee Stock Option financial
"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.
exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
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.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Elbit Systems (ESLT) report for Ariel Jonathan?
Elbit Systems reported that Executive Vice President Ariel Jonathan exercised employee stock options into 9,000 ordinary shares held in an employee benefit trust, then covered the exercise cost with 1,346 shares and sold the remaining 7,654 shares in an open-market transaction.
At what prices were Ariel Jonathan’s Elbit Systems transactions recorded?
The option exercise was recorded at $134.34 per share for 9,000 underlying shares. From the acquired shares, 1,346 were valued at $898.47 per share for exercise price payment, and 7,654 were sold at $887.40 per share in the open market, using a disclosed NIS/USD rate.
How many Elbit Systems options did Ariel Jonathan exercise in this filing?
He exercised 9,000 Employee Stock Options, each giving the right to buy one Elbit Systems ordinary share at $134.34. These options were part of a grant that vested in four tranches between April 2023 and April 2026, as detailed in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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