Gilat (GILT) Peru president details shares, PSUs and options stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Gilat Satellite Networks executive Arieh Rohrstock, President of Gilat Peru, has filed an initial ownership report showing his equity stake in the company. The filing lists direct holdings of 31.0000 and 7500.0000 ordinary shares, reflecting stock previously acquired, including through net exercises of options noted in the footnotes.
Rohrstock also holds performance stock units that can convert into 18750.0000 and 3750.0000 ordinary shares, which vest in four equal annual installments starting on 02/13/2026 and 03/16/2026, subject to performance goals and continued service. In addition, he has stock options over 30000.0000 shares at an exercise price of 6.2200 that are fully vested and immediately exercisable on a net exercise basis, and options over 35000.0000 shares at an exercise price of 5.6800 that vest in four equal annual installments commencing on 02/13/2024 and are also structured for net exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Rohrstock Arieh
Role
President, Gilat Peru
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit (PSU) — 18,750 shares (Direct);
Stock Option (Right to Buy) — 30,000 shares (Direct);
Ordinary Shares — 31 shares (Direct)
Footnotes (1)
- The shares reported herein were acquired upon the net exercise of previously granted stock options The shares reported herein were issued upon the vesting and settlement of previously granted performance stock units. Additional performance stock units held by the Reporting Person remain outstanding and are reported in Table II. The performance stock units represent a contingent right to receive the Issuer's ordinary shares upon the achievement of specified performance goals. The units vest in four equal annual installments (25% per year) commencing on 02/13/2026 subject to the Reporting Person's continued service through each vesting date. The number of shares ultimately issuable will depend on the level of performance achieved. The shares reported in Table II represent performance stock units that have not yet vested. Shares that have already vested and been issued are reported in Table I. The performance stock units represent a contingent right to receive the Issuer's ordinary shares upon the achievement of specified performance goals. The units vest in four equal annual installments (25% per year) commencing on 03/16/2026 subject to the Reporting Person's continued service through each vesting date. The number of shares ultimately issuable will depend on the level of performance achieved. The shares reported in Table II represent performance stock units that have not yet vested. Shares that have already vested and been issued are reported in Table I. The Stock Options are Fully vested and immediately exercisable on a net exercise basis pursuant to the terms of the award agreement The Options vest in four equal annual installments (25% per year) commencing on 02/13/2024 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date, and will be exercised on a net exercise basis pursuant to the terms of the award agreement.
FAQ
What does the Form 3 for GILT disclose about Arieh Rohrstock's holdings?
The Form 3 discloses that Arieh Rohrstock holds ordinary shares in Gilat Satellite Networks and multiple equity awards, including performance stock units and stock options, giving him rights to additional ordinary shares under specified vesting and performance conditions.
What performance stock units does Arieh Rohrstock report in Gilat (GILT)?
He reports performance stock units tied to 18750.0000 and 3750.0000 underlying ordinary shares. These units vest in four annual 25% installments starting 02/13/2026 and 03/16/2026, subject to achieving specified performance goals and his continued service with the company.
What stock options does Arieh Rohrstock hold in Gilat Satellite Networks (GILT)?
Rohrstock holds stock options over 30000.0000 ordinary shares at an exercise price of 6.2200, fully vested and immediately exercisable on a net exercise basis, and options over 35000.0000 shares at 5.6800, vesting in four annual 25% installments starting 02/13/2024.
Do Arieh Rohrstock's Gilat (GILT) performance stock units vest based on performance?
Yes. The performance stock units represent contingent rights to ordinary shares, vesting 25% per year over four years starting in 2026. The actual number of shares issued depends on specified performance goals and Rohrstock’s continued service through each vesting date.
Are Arieh Rohrstock's Gilat (GILT) stock options fully exercisable now?
One option grant over 30000.0000 shares at 6.2200 is fully vested and immediately exercisable on a net exercise basis. Another grant over 35000.0000 shares at 5.6800 is vesting annually in four installments starting 02/13/2024 and becomes exercisable as tranches vest.