Gilat (NASDAQ: GILT) officer Ronen Stoleru details PSUs, options and shares
Rhea-AI Filing Summary
GILAT SATELLITE NETWORKS LTD filed an initial ownership report for Chief Corporate Development Officer Ronen Stoleru, detailing his equity-based holdings. He holds performance stock units representing up to 15,000 and 3,000 underlying ordinary shares, stock options over 5,000 shares at $5.68 and 25,000 shares at $6.58, and 6,000 ordinary shares directly. The performance units and options vest over multiple years based on continued service and, for PSUs, the achievement of specified performance goals.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Stoleru Ronen
Role
Chief Corporate Development Of
| 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 | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit (PSU) — 18,000 shares (Direct);
Stock Option (Right to Buy) — 30,000 shares (Direct);
Ordinary Shares — 6,000 shares (Direct)
Footnotes (5)
- 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 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
- F3. 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.
- F4. 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.
- F5. The Options vest 50% after ywo years (08/07/2025) and the reamining 50% vest in two equal annual installments thereafter, 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.
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FAQ
What does the Form 3 filing by GILT’s Ronen Stoleru show?
The Form 3 shows initial ownership of Gilat equity by Ronen Stoleru, including performance stock units, stock options, and ordinary shares. It establishes his starting equity position as an officer, without reporting any new buy or sell transactions.
How many performance stock units does Ronen Stoleru hold in GILT?
Ronen Stoleru holds PSUs tied to 15,000 and 3,000 underlying ordinary shares. These units vest in four annual installments, starting on 02/13/2026 and 03/16/2026, and depend on achieving specified performance goals and continued service.
What stock options are reported for Ronen Stoleru in GILT?
He holds stock options over 5,000 ordinary shares at an exercise price of $5.68 expiring in 2029, and 25,000 shares at $6.58 expiring in 2029. These options vest over time, subject to his continued service.
How do Ronen Stoleru’s performance stock units vest at Gilat Satellite Networks (GILT)?
The performance stock units vest in four equal annual installments of 25% each, beginning on 02/13/2026 and 03/16/2026. Vesting requires continued service, and the actual shares issued depend on meeting specified performance goals.
What are the vesting terms for Ronen Stoleru’s GILT stock options?
One stock option grant vests in four equal annual installments starting 02/13/2024. Another vests 50% after two years on 08/07/2025 and the remaining 50% in two annual installments, all contingent on his continued service to the company or subsidiaries.