Exponent (EXPO) CEO awarded 28,500 new stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corrigan Catherine reported acquisition or exercise transactions in this Form 4 filing.
Exponent Inc. President and CEO Catherine Corrigan reported awards of stock options, increasing her potential equity exposure to the company. She received 1,425 Incentive Stock Options and 27,075 Non-Qualified Stock Options, both granted at no cost as part of her compensation.
According to the disclosure, each stock option grant becomes exercisable in four equal annual installments, meaning the rights vest gradually over four years rather than all at once. These are options giving her the right to buy shares in the future; they are not immediate stock purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Corrigan Catherine
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Incentive Stock Option (right to buy) | 1,425 | $0.00 | -- |
| Grant/Award | Non-Qualified Stock Option (right to buy) | 27,075 | $0.00 | -- |
Holdings After Transaction:
Incentive Stock Option (right to buy) — 1,425 shares (Direct);
Non-Qualified Stock Option (right to buy) — 27,075 shares (Direct)
Footnotes (1)
- The stock option becomes exercisable in four equal annual installments. Not applicable.
FAQ
What insider transaction did Exponent (EXPO) report for Catherine Corrigan?
Exponent reported that President and CEO Catherine Corrigan received grants of stock options. She was awarded 1,425 Incentive Stock Options and 27,075 Non-Qualified Stock Options, giving her rights to purchase shares in the future under specified terms.
How many stock options did the Exponent (EXPO) CEO receive in this Form 4?
Catherine Corrigan received a total of 28,500 stock options. The award includes 1,425 Incentive Stock Options and 27,075 Non-Qualified Stock Options, all recorded as derivative securities that may be exercised for Exponent common stock over time.
Are the Exponent (EXPO) CEO’s new stock options immediately exercisable?
No, the options are not immediately exercisable. The filing states that each stock option grant becomes exercisable in four equal annual installments, creating a four-year vesting schedule that gradually increases the CEO’s ability to exercise these options.
What types of stock options were granted to the Exponent (EXPO) CEO?
The CEO received two types of stock options. One grant is labeled “Incentive Stock Option (right to buy)” for 1,425 options, and the other is “Non-Qualified Stock Option (right to buy)” for 27,075 options, both held directly in her name.
How is Catherine Corrigan’s ownership reported after the Exponent (EXPO) option grants?
After the grants, the filing shows 1,425 Incentive Stock Options and 27,075 Non-Qualified Stock Options held directly. These figures represent derivative securities outstanding following the transactions, reflecting her potential future right to acquire Exponent common shares.