Elbit Systems (ESLT) EVP granted 5,000 employee stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Elbit Systems Ltd Executive Vice President Haim Daniel Delmar received an award of 5,000 employee stock options, indirectly held in an employee benefit trust managed by IBI Trust Management. The options have an exercise price of 912.6000 per share and are exercisable into 5,000 Ordinary Shares.
The options vest in three tranches: 40% on March 24, 2028, 30% on March 24, 2029, and 30% on March 24, 2030, and expire on June 24, 2031. The plan uses a net exercise mechanism, so the actual shares delivered upon exercise will likely be fewer than 5,000. Mr. Delmar is the sole beneficiary of the options.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Delmar Haim Daniel
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 5,000 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 5,000 shares (Indirect, Held in an employee benefit trust by IBI Trust Management)
Footnotes (1)
- These options will vest and become exercisable in three tranches: 40% on March 24, 2028, 30% on March 24, 2029, and 30% on March 24, 2030. Unless otherwise determined by the option plan's administrators, a net exercise mechanism will be used with respect to the options, which entitles Mr. Delmar to exercise the options for a number of shares determined based on the excess, if any, of the fair market value of the shares underlying such options minus the exercise price of such options, calculated based on the date of exercise. Therefore, the number of shares actually received by Mr. Delmar following any exercise of options will likely be fewer than the number of shares subject to the options. Mr. Delmar's options are held in trust in accordance with the terms of his award agreement and the plan under which they were granted. Mr. Delmar is the sole beneficiary of the options.
FAQ
What insider transaction did Elbit Systems (ESLT) report for Haim Daniel Delmar?
Elbit Systems reported that Executive Vice President Haim Daniel Delmar received 5,000 employee stock options. These options are held in an employee benefit trust, are exercisable into 5,000 Ordinary Shares at 912.6000 per share, and represent an equity-based compensation award, not an open‑market share purchase.
What are the vesting terms of the 5,000 stock options granted to Elbit Systems EVP?
The 5,000 options granted to the Executive Vice President vest in three stages. Forty percent vest on March 24, 2028, thirty percent on March 24, 2029, and the remaining thirty percent on March 24, 2030, creating a multi‑year incentive tied to continued service.
What is the exercise price and expiration date of the Elbit Systems EVP stock options?
The options have an exercise price of 912.6000 per underlying Ordinary Share and expire on June 24, 2031. This gives the executive a multi‑year window to exercise, subject to vesting and the net exercise mechanism described in the award terms.
How are the Elbit Systems EVP options held and who benefits from them?
The options are held indirectly in an employee benefit trust managed by IBI Trust Management. According to the disclosure, the options are held in trust under the award agreement and plan, and Mr. Delmar is identified as the sole beneficiary of these options.
What is the net exercise mechanism mentioned in the Elbit Systems Form 4 footnotes?
The net exercise mechanism allows the holder to receive shares based on the excess of fair market value over the exercise price at exercise. Because only the net value is delivered in shares, the number of Ordinary Shares actually received will likely be less than the 5,000 options granted.