Elbit EVP exercises 10,000 options, sells shares
Elbit Systems executive Oren Yaacov Sabag, an Executive Vice President, exercised 10,000 employee stock options on April 9, 2026 at an exercise price of $134.34 per share, receiving an equal number of ordinary shares held in an employee benefit trust.
Rhea-AI Filing Summary
Elbit Systems executive Oren Yaacov Sabag, an Executive Vice President, exercised 10,000 employee stock options on April 9, 2026 at an exercise price of $134.34 per share, receiving an equal number of ordinary shares held in an employee benefit trust.
Of these shares, 1,496 were retained by Elbit Systems as payment of the option exercise price, while the remaining 8,504 shares were sold in the open market at $887.40 per share. Following these transactions, the trust held no shares from this option grant. The options had vested in four tranches between April 7, 2023 and April 7, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Sabag Oren Yaacov
Role
Executive Vice President
Sold
8,504 shs ($7.55M)
Approx. gross sale proceeds
$7.55M
Approx. exercise cost
$1.34M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 10,000 | $0.00 | $0.00 |
| Exercise | Ordinary shares, par value 1.00 NIS per share | 10,000 | $134.34 | $1.34M |
| Exercise Price or Tax Liability | Ordinary shares, par value 1.00 NIS per share | 1,496 | $898.47 | $1.34M |
| Sale | Ordinary shares, par value 1.00 NIS per share | 8,504 | $887.40 | $7.55M |
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. Sabag'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. Sabag 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. Sabag. 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: 10,000 options
Exercise price: $134.34 per share
Shares sold: 8,504 shares
+4 more
7 metrics
Options exercised
10,000 options
Employee stock options exercised on April 9, 2026
Exercise price
$134.34 per share
Exercise or conversion price for 10,000 options
Shares sold
8,504 shares
Ordinary shares sold in open market after exercise
Sale price
$887.40 per share
Price for 8,504 ordinary shares sold
Shares withheld
1,496 shares
Retained by company to pay exercise price and obligations
FX rate
NIS 3.142 per $1.00
Foreign exchange rate used to report transaction prices
Option expiration
July 7, 2027
Stated expiration date for the option grant
Key Terms
Employee Stock Option, tax-withholding disposition, employee benefit trust, exercise or conversion of derivative security, +1 more
5 terms
Employee Stock Option financial
"security_title: "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.
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""
beneficiary financial
"Mr. Sabag was the sole beneficiary of the options."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Elbit Systems (ESLT) executive Oren Sabag report in this Form 4?
Oren Yaacov Sabag reported exercising 10,000 employee stock options into ordinary shares, then settling the exercise price partly in shares and selling the remaining 8,504 shares in the open market on April 9, 2026, through an employee benefit trust.
How many Elbit Systems (ESLT) options did Oren Sabag exercise and at what price?
He exercised 10,000 employee stock options at an exercise price of $134.34 per share. The options converted into 10,000 ordinary shares held in an employee benefit trust, reflecting compensation previously granted under a company equity plan with multi-year vesting.
How were foreign exchange rates handled in Oren Sabag’s Elbit Systems (ESLT) Form 4?
The transaction prices were paid in New Israeli Shekels, but the Form 4 used a conversion rate of NIS 3.142 for each $1.00. This rate reflected the closing foreign exchange level on the trading day immediately before the reported transactions.
When did the Elbit Systems (ESLT) options held by Oren Sabag vest?
The options vested in four stages: 40% on April 7, 2023, then 20% each on April 7, 2024, April 7, 2025, and April 7, 2026. This multi-year vesting schedule links the equity awards to ongoing executive service and performance over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
