Vertical Aerospace (NYSE: EVTL) director gains 29,481 nil-cost options award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertical Aerospace Ltd. director Andrew David Parker reported a compensation-related grant of 29,481 Nil Cost Options over the company’s common stock. These options carry a zero exercise price and increase his total option holdings to 52,465.
According to the disclosure, 22,984 of these options are vested, while the remaining portion is scheduled to vest on December 31, 2026. This filing reflects an equity award rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Parker Andrew David
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nil Cost Options | 29,481 | $0.00 | -- |
Holdings After Transaction:
Nil Cost Options — 52,465 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Nil Cost Options granted: 29,481 options
Total options after grant: 52,465 options
Vested options: 22,984 options
+2 more
5 metrics
Nil Cost Options granted
29,481 options
Grant of derivative securities on common stock
Total options after grant
52,465 options
Holdings following reported transaction
Vested options
22,984 options
Portion of total options already vested
Unvested options vesting date
December 31, 2026
Remaining options scheduled vesting
Exercise price of options
0.0000 per share
Nil Cost Options on common stock
Key Terms
Nil Cost Options, Common Stock, Grant, award, or other acquisition, vest
4 terms
Nil Cost Options financial
"The security title for the derivative transaction is listed as "Nil Cost Options"."
Common Stock financial
"The underlying security title for the options is identified as "Common Stock"."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"The transaction code description specifies "Grant, award, or other acquisition"."
vest financial
"Of the total options reported, 22,984 are vested and the remaining options vest on December 31, 2026."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did EVTL director Andrew David Parker report?
Andrew David Parker reported receiving 29,481 Nil Cost Options over Vertical Aerospace common stock. The options were granted as an equity award, not bought in the market, and increased his total option holdings to 52,465, according to the Form 4 disclosure.
What are Nil Cost Options in the Vertical Aerospace (EVTL) Form 4 filing?
Nil Cost Options are options with a zero exercise price, allowing the holder to receive shares without paying a purchase price. In this filing, Parker received 29,481 such options linked to Vertical Aerospace common stock as part of his compensation package.
How many Vertical Aerospace options does Andrew David Parker hold after this grant?
After the grant, Parker holds 52,465 options over Vertical Aerospace common stock. The Form 4 states that 22,984 options are currently vested, while the balance is subject to vesting on a future date, providing ongoing equity-based incentives.
What is the vesting schedule for Andrew David Parker’s new EVTL options?
Of the total 52,465 options, 22,984 are already vested and exercisable. The remaining options from the reported grant are scheduled to vest on December 31, 2026, creating a multi-year incentive tied to Parker’s continued service with Vertical Aerospace.
Does the EVTL Form 4 show an open-market buy or sell by Andrew David Parker?
No, the Form 4 shows a grant of Nil Cost Options as compensation, not an open-market trade. The transaction is coded as a grant or award acquisition, meaning it reflects equity-based remuneration rather than Parker buying or selling shares on the market.