Gilat (NASDAQ: GILT) executive details stock, PSU and option holdings
Rhea-AI Filing Summary
GILAT SATELLITE NETWORKS LTD executive Ron Levin, President of Gilat Commercial Division, reported his initial equity holdings. He directly holds 1,750 ordinary shares and several equity awards linked to the company’s stock.
Levin holds performance stock units representing 26,250 and 5,250 underlying ordinary shares that vest in four equal annual installments of 25% starting on 02/13/2026 and 03/16/2026, subject to continued service and achievement of specified performance goals. He also holds stock options over 12,500 ordinary shares at an exercise price of $5.6800 per share, vesting 25% per year starting on 02/13/2024 and expiring on 02/13/2029, to be exercised on a net exercise basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Levin Ron
Role
President, Gilat Commercial Di
| 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) — 31,500 shares (Direct);
Stock Option (Right to Buy) — 12,500 shares (Direct);
Ordinary Shares — 1,750 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 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.
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FAQ
What does Ron Levin’s Form 3 for GILT report?
The Form 3 shows Ron Levin’s initial equity holdings in Gilat Satellite Networks. He reports direct ownership of ordinary shares plus performance stock units and stock options that may convert into additional shares if vesting and performance conditions are met.
What performance stock units does Ron Levin report in Gilat (GILT)?
Ron Levin reports performance stock units tied to 26,250 and 5,250 underlying ordinary shares. These units vest 25% per year starting on 02/13/2026 and 03/16/2026, contingent on continued service and achievement of specified performance goals.
What are the key terms of Ron Levin’s Gilat (GILT) stock options?
Levin holds stock options over 12,500 Gilat ordinary shares at an exercise price of $5.6800 per share. The options vest in four equal annual installments starting on 02/13/2024 and expire on 02/13/2029, with exercise on a net exercise basis.
Are Ron Levin’s Gilat (GILT) performance stock units fully vested?
No, the reported performance stock units have not fully vested. They vest in four equal annual installments of 25% starting on 02/13/2026 and 03/16/2026, and the number of shares ultimately issuable depends on the level of performance achieved.
Does the Form 3 for GILT show any insider buying or selling by Ron Levin?
The Form 3 reflects holdings rather than new market transactions. It lists Ron Levin’s direct ordinary shares, performance stock units, and stock options as of the reporting date, without indicating open-market purchases or sales in this filing.