Vertical Aerospace (EVTL) director awarded 75,416 nil-cost options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertical Aerospace Ltd. director Domhnal Slattery received a grant of 75,416 Nil Cost Options over Common Stock. These options have a zero exercise price and expire on January 21, 2036. Following this award, he holds 1,814,850 Nil Cost Options directly.
The options begin vesting on June 30, 2026, with additional portions vesting quarterly under the applicable vesting schedule, subject to his continued service through each vesting date. This filing reflects a compensation-related equity award rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
1 transaction reported
Mixed
1 txn
Insider
Slattery Domhnal
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nil Cost Options | 75,416 | $0.00 | -- |
Holdings After Transaction:
Nil Cost Options — 1,814,850 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Nil Cost Options granted: 75,416 options
Exercise price: $0.00 per share
Options expiration date: January 21, 2036
+2 more
5 metrics
Nil Cost Options granted
75,416 options
Grant to director on April 20, 2026
Exercise price
$0.00 per share
Nil Cost Options grant
Options expiration date
January 21, 2036
Nil Cost Options term
Total options after grant
1,814,850 options
Director’s derivative holdings following transaction
Vesting start date
June 30, 2026
Beginning of vesting schedule, quarterly thereafter
Key Terms
Nil Cost Options, vesting schedule, Common Stock
3 terms
Nil Cost Options financial
"security_title: "Nil Cost Options" and grant of 75,416 over Common Stock"
vesting schedule financial
"shares vesting quarterly thereafter in accordance with the applicable vesting schedule"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
Common Stock financial
"underlying_security_title: "Common Stock" linked to the options"
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.
FAQ
What insider transaction did Vertical Aerospace (EVTL) report for Domhnal Slattery?
Vertical Aerospace reported that director Domhnal Slattery received a grant of 75,416 Nil Cost Options over Common Stock. These options have a zero exercise price and represent an equity-based compensation award rather than an open-market share purchase or sale.
How many options does Domhnal Slattery hold after this EVTL Form 4 filing?
After this grant, Domhnal Slattery holds 1,814,850 Nil Cost Options directly. This total includes the newly awarded 75,416 options and reflects his derivative position in Vertical Aerospace linked to its Common Stock as reported in the filing.
When do Domhnal Slattery’s Nil Cost Options in Vertical Aerospace (EVTL) start vesting?
The Nil Cost Options begin vesting on June 30, 2026. Additional portions vest quarterly after that date, following the applicable vesting schedule, and each vesting event requires Mr. Slattery’s continued service through the respective vesting date.
What is the exercise price and expiration date of the EVTL Nil Cost Options granted?
The Nil Cost Options granted to Domhnal Slattery carry an exercise price of $0.00 per share. According to the filing, these options expire on January 21, 2036, providing a long-dated equity incentive tied to Vertical Aerospace’s Common Stock.
Is Domhnal Slattery’s Form 4 transaction in EVTL a market buy or sell?
The Form 4 reports a grant of Nil Cost Options coded as an acquisition (grant or award), not a market buy or sell. It reflects compensation in the form of options rather than an open-market transaction in Vertical Aerospace’s Common Stock.