Gilat Satellite Networks (GILT) CFO reports shares, PSUs and options
Rhea-AI Filing Summary
Gilat Satellite Networks CFO Gil Benyamini filed an initial ownership report showing a mix of ordinary shares and equity awards. He directly holds 7,500 Ordinary Shares. In addition, he holds performance stock units that can convert into 18,750 and 3,750 ordinary shares, respectively, which vest in four equal annual installments starting on 02/13/2026 and 03/16/2026, subject to continued service and performance goals. He also holds stock options over 12,500 Ordinary Shares at an exercise price of $5.68 per share, vesting in four equal annual installments beginning on 02/13/2024 and exercisable on a net exercise basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Benyamini Gil
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit (PSU) — 22,500 shares (Direct);
Stock Option (Right to Buy) — 12,500 shares (Direct);
Ordinary Shares — 7,500 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. The performance stock units represent a contingent right to receive the Issuers 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 Persons 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.
- F3. The performance stock units represent a contingent right to receive the Issuers 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 Persons 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.
- F4. The Options vest in four equal annual installments (25% per year) commencing on 02/13/2024 subject to the Reporting Persons 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.
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FAQ
What does Gilat Satellite Networks (GILT) CFO Gil Benyamini report in this Form 3?
The filing reports Gil Benyamini’s initial ownership in Gilat Satellite Networks. He directly holds 7,500 ordinary shares plus performance stock units and stock options that may convert into additional shares over time, subject to vesting schedules and performance conditions.
What performance stock units does the Gilat Satellite Networks (GILT) CFO hold?
He holds performance stock units linked to 18,750 and 3,750 underlying ordinary shares. These units vest in four equal annual installments starting 02/13/2026 and 03/16/2026, contingent on continued service and achievement of specified performance goals.
What stock options are disclosed for the Gilat Satellite Networks (GILT) CFO?
The CFO holds stock options over 12,500 ordinary shares with a $5.68 exercise price. These options vest in four equal annual installments beginning 02/13/2024 and are to be exercised on a net exercise basis under the award agreement.
Do the performance stock units for Gilat Satellite Networks (GILT) vest immediately?
No. The performance stock units vest over time in four equal annual installments. Vesting begins on 02/13/2026 and 03/16/2026, and depends on both continued service and achieving specified performance goals before shares are issued.