Floor & Decor (NYSE: FND) CFO exercises 1,159 options, boosts share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Floor & Decor Holdings, Inc. executive vice president and chief financial officer Bryan Langley exercised expiring stock options to acquire 1,159 shares of Class A common stock at $9.99 per share. According to the filing, this was a cash exercise with no subsequent sale of the underlying shares, so it increased his direct equity stake. Following the transaction, he directly owns 43,175 shares of Class A common stock. The stock options, which vested in five equal annual installments each September 30 from 2017 through 2021, now show zero remaining balance after this exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,159 shares exercised/converted
Mixed
2 txns
Insider
LANGLEY BRYAN
Role
EVP & CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 1,159 | $0.00 | -- |
| Exercise | Class A common stock, par value $0.001 | 1,159 | $9.99 | $12K |
Holdings After Transaction:
Stock Options (right to buy) — 0 shares (Direct, null);
Class A common stock, par value $0.001 — 43,175 shares (Direct, null)
Footnotes (1)
- This transaction involved a cash exercise of expiring stock options without a subsequent sale of the underlying shares of common stock The option vested in five equal annual installments. The five installments vested on September 30 of each of 2017, 2018, 2019, 2020 and 2021.
Key Figures
Options exercised: 1,159 shares
Exercise price: $9.99 per share
Shares held after: 43,175 shares
+2 more
5 metrics
Options exercised
1,159 shares
Class A common stock acquired via option exercise
Exercise price
$9.99 per share
Conversion or exercise price of stock options
Shares held after
43,175 shares
Direct Class A common stock holdings post-transaction
Options remaining after
0 options
Stock options balance after exercising 1,159 options
Option expiration date
September 30, 2026
Expiration date of the exercised stock options
Key Terms
cash exercise, Stock Options (right to buy), derivative exercise/conversion, vested in five equal annual installments
4 terms
cash exercise financial
"This transaction involved a cash exercise of expiring stock options without a subsequent sale"
Stock Options (right to buy) financial
"security_title: Stock Options (right to buy) with underlying Class A common stock"
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion for the option transaction"
vested in five equal annual installments financial
"The option vested in five equal annual installments on September 30 of 2017-2021"
FAQ
What did Floor & Decor (FND) CFO Bryan Langley report in this Form 4?
Bryan Langley reported exercising stock options to acquire 1,159 shares of Class A common stock at $9.99 per share. The options were expiring, and the transaction was a cash exercise with no sale of the underlying shares, increasing his direct holdings.
What type of transaction is reported for Floor & Decor (FND) CFO in this Form 4?
The Form 4 shows a derivative exercise, coded “M,” where stock options were exercised to acquire common shares. It is described as a cash exercise of expiring options with no subsequent sale, indicating a compensation-related event rather than an open-market purchase or sale.
At what price were Bryan Langley’s Floor & Decor (FND) options exercised?
The stock options were exercised at $9.99 per share, as indicated by the conversion or exercise price. This price applied to 1,159 underlying shares of Class A common stock obtained through the cash exercise of the expiring options reported in the filing.
When did the exercised Floor & Decor (FND) options vest and expire?
The options vested in five equal annual installments on September 30 of 2017, 2018, 2019, 2020, and 2021. The expiration date shown for the stock options is September 30, 2026, and the exercise reported occurred before that expiration date as they were expiring.