Elbit Systems (ESLT) EVP exercises options and sells 5,953 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Elbit Systems Executive Vice President Vered Yehuda exercised employee stock options for 7,000 ordinary shares at an exercise price of $134.34 per share. The options and resulting shares were held in an employee benefit trust managed by IBI Trust Management, with Mr. Yehuda as sole beneficiary.
Of the 7,000 shares received, 1,047 shares were retained by Elbit Systems as payment of the option exercise price, and the remaining 5,953 shares were sold in open-market transactions at $887.40 per share. Following these transactions, the trust-held position in these ordinary shares was reduced to zero, and no related derivative options from this grant remain outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,953 shares ($5,282,692)
Net Sell
4 txns
Insider
Vered Yehuda
Role
Executive Vice President
Sold
5,953 shs ($5.28M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 7,000 | $0.00 | -- |
| Exercise | Ordinary shares, par value 1.00 NIS per share | 7,000 | $134.34 | $940K |
| Tax Withholding | Ordinary shares, par value 1.00 NIS per share | 1,047 | $898.47 | $941K |
| Sale | Ordinary shares, par value 1.00 NIS per share | 5,953 | $887.40 | $5.28M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 2,000 shares (Indirect, Held in an employee benefit trust by IBI Trust Management);
Ordinary shares, par value 1.00 NIS per share — 7,000 shares (Indirect, Held in an employee benefit trust by IBI Trust Management)
Footnotes (1)
- Mr. Vered'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. Vered was the sole beneficiary of the options. These shares were retained by the Company in payment of the exercise price of the employee stock options exercised by Mr. Vered. The amount retained by the Company was not in excess of the amount of the exercise price. 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. 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: 7,000 options
Exercise price: $134.34 per share
Shares withheld for exercise price: 1,047 shares
+3 more
6 metrics
Options exercised
7,000 options
Employee stock options exercised into ordinary shares on 2026-04-09
Exercise price
$134.34 per share
Exercise price of employee stock options
Shares withheld for exercise price
1,047 shares
Shares retained by Elbit Systems as payment of option exercise price
Shares sold
5,953 shares
Ordinary shares sold in open-market transactions
Sale price
$887.40 per share
Price for open-market sale of 5,953 ordinary shares
FX rate
NIS 3.142 per $1.00
Conversion rate used for New Israeli Shekel amounts
Key Terms
Employee Stock Option, tax-withholding disposition, open-market sale, 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.
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.
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.
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""
FAQ
What insider transaction did Elbit Systems (ESLT) report for Vered Yehuda?
Elbit Systems reported that Executive Vice President Vered Yehuda exercised employee stock options into 7,000 ordinary shares, then used 1,047 shares to pay the exercise price and sold the remaining 5,953 shares in open-market transactions, all held through an employee benefit trust.
How many Elbit Systems (ESLT) options did Vered Yehuda exercise and at what price?
Vered Yehuda exercised 7,000 employee stock options at an exercise price of $134.34 per share. These options converted into 7,000 ordinary shares held in an employee benefit trust before a portion was used to pay the exercise price and the rest was sold.
What foreign exchange rate was used in Vered Yehuda’s Elbit Systems (ESLT) Form 4?
The Form 4 states that prices were paid in New Israeli Shekels and converted using a rate of NIS 3.142 for each $1.00. This rate reflected the closing foreign exchange rate on the day immediately before the transaction date.