Elbit CEO exercises 30,000 options, sells shares
Elbit Systems President and CEO Bezhalel Machlis reported a compensation-related option exercise and share sale through an employee benefit trust.
Rhea-AI Filing Summary
Elbit Systems President and CEO Bezhalel Machlis reported a compensation-related option exercise and share sale through an employee benefit trust. On April 9, 2026, an employee stock option for 30,000 Ordinary Shares was exercised at $134.34 per share, with the options and resulting shares held in trust by IBI Trust Management for his benefit.
Following the exercise, 4,486 shares were retained by Elbit Systems to pay the option exercise price, and the remaining 25,514 shares were sold in open-market transactions at $887.40 per share. After these transactions, the trust’s position in these reported Ordinary Shares from this grant was reduced to zero, and no related derivative position remains visible in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Machlis Bezhalel
Role
President and CEO
Sold
25,514 shs ($22.64M)
Approx. gross sale proceeds
$22.64M
Approx. exercise cost
$4.03M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 30,000 | $0.00 | $0.00 |
| Exercise | Ordinary shares, par value 1.00 NIS per share | 30,000 | $134.34 | $4.03M |
| Exercise Price or Tax Liability | Ordinary shares, par value 1.00 NIS per share | 4,486 | $898.47 | $4.03M |
| Sale | Ordinary shares, par value 1.00 NIS per share | 25,514 | $887.40 | $22.64M |
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. Machlis'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. Machlis 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. Machlis. 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: 30,000 options
Exercise price: $134.34 per share
Shares retained by company: 4,486 shares
+3 more
6 metrics
Options exercised
30,000 options
Employee stock options for Ordinary Shares exercised on April 9, 2026 at $134.34
Exercise price
$134.34 per share
Exercise price of employee stock options for 30,000 Ordinary Shares
Shares retained by company
4,486 shares
Shares retained by Elbit Systems to pay the option exercise price
Tax/price payment value
$898.47 per share
Price per share used in the 4,486-share retention for exercise price or tax liability
Shares sold
25,514 shares
Ordinary Shares sold in open-market transactions after option exercise
Sale price
$887.40 per share
Price per share for 25,514 Ordinary Shares sold on April 9, 2026
Key Terms
Employee Stock Option (right to buy), exercise or conversion of derivative security, tax-withholding disposition, employee benefit trust, +1 more
5 terms
Employee Stock Option (right to buy) financial
"security_title: Employee Stock Option (right to buy)"
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
"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.
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 did Elbit Systems (ESLT) CEO Bezhalel Machlis report in this Form 4?
Bezhalel Machlis reported exercising employee stock options for 30,000 Elbit Systems shares and immediately disposing of the resulting shares. Part went to cover the exercise price, and the rest were sold in open-market transactions through an employee benefit trust.
How many Elbit Systems (ESLT) options did the CEO exercise and at what price?
He exercised employee stock options for 30,000 Ordinary Shares at an exercise price of $134.34 per share. These options were held in an employee benefit trust, and he was the sole beneficiary under the company’s equity compensation plan.
Are any options from this Elbit Systems (ESLT) grant still outstanding after the Form 4?
No related derivative position from this grant remains in the filing’s derivative summary. The 30,000 employee stock options, which vested in four tranches through April 7, 2026, were fully exercised, leaving no remaining options from this specific award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
