Vertical Aerospace (EVTL) CEO receives 71,690 nil-cost stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vertical Aerospace Ltd. reported that Chief Executive Officer Stuart Simpson received a grant of 71,690 Nil Cost Options over common stock as equity compensation. These options carry a £0.00 exercise price and increase his directly held derivative position to 2,706,152 options after the transaction.
The options begin vesting on June 30, 2026, with additional portions vesting quarterly thereafter under the applicable vesting schedule, conditioned on Mr. Simpson’s continued service through each vesting date. The options are scheduled to expire on January 21, 2036 if not exercised.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
1 transaction reported
Mixed
1 txn
Insider
Simpson Stuart
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nil Cost Options | 71,690 | $0.00 | -- |
Holdings After Transaction:
Nil Cost Options — 2,706,152 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 71,690 options
Exercise price: 0.0000 per share
Holdings after grant: 2,706,152 options
+2 more
5 metrics
Options granted
71,690 options
Nil Cost Options over common stock granted to CEO
Exercise price
0.0000 per share
Nil Cost Options exercise price
Holdings after grant
2,706,152 options
Total derivative securities held directly after transaction
Vesting start date
June 30, 2026
Initial vesting date for the option grant
Expiration date
January 21, 2036
Nil Cost Options expiration if unexercised
Key Terms
Nil Cost Options, vesting schedule, derivative securities, Form 4
4 terms
Nil Cost Options financial
"Stuart Simpson received a grant of 71,690 Nil Cost Options over common stock."
vesting schedule financial
"with additional 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.
derivative securities financial
"increase his directly held derivative position to 2,706,152 options after the transaction."
Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.
Form 4 regulatory
"Stuart Simpson reported receiving a grant of 71,690 Nil Cost Options in this Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Vertical Aerospace (EVTL) CEO Stuart Simpson report in this Form 4?
Stuart Simpson reported receiving a grant of 71,690 Nil Cost Options over Vertical Aerospace common stock. These options were awarded as equity compensation and increase his total directly held derivative position to 2,706,152 options following the transaction.
Are the EVTL options granted to CEO Stuart Simpson an open-market buy or sell?
The reported transaction is a grant of Nil Cost Options, not an open-market purchase or sale. It reflects an equity compensation award to the CEO rather than a discretionary trade in Vertical Aerospace shares on the open market.
When do Stuart Simpson’s newly granted Vertical Aerospace options start vesting?
The Nil Cost Options begin vesting on June 30, 2026. Additional portions vest quarterly thereafter, following the applicable vesting schedule, and each vesting installment is conditioned on Mr. Simpson’s continued service with Vertical Aerospace through the relevant vesting date.
What is the exercise price and expiry of the EVTL Nil Cost Options granted?
The granted instruments are Nil Cost Options with an exercise price of 0.0000 per share of Vertical Aerospace common stock. They have an expiration date of January 21, 2036, after which any unexercised options will lapse.
How many Vertical Aerospace derivative securities does the CEO hold after this option grant?
After receiving the 71,690 Nil Cost Options, Stuart Simpson holds a total of 2,706,152 derivative securities directly. This figure represents his reported derivative holdings following the grant, as disclosed in the Form 4 transaction details.