Gilat executive reports initial equity holdings
GILAT SATELLITE NETWORKS LTD officer Gilad Landsberg filed an initial statement of beneficial ownership, showing a mix of ordinary shares, performance stock units (PSUs) and stock options.
Rhea-AI Filing Summary
GILAT SATELLITE NETWORKS LTD officer Gilad Landsberg filed an initial statement of beneficial ownership, showing a mix of ordinary shares, performance stock units (PSUs) and stock options. He holds 5,192 ordinary shares and PSUs linked to up to 26,250 and 5,250 ordinary shares, which vest annually based on performance goals starting on 02/13/2026 and 03/16/2026, subject to continued service. He also holds stock options over 60,000 ordinary shares at an exercise price of $5.53 per share, expiring in 2029, with vesting beginning on 06/06/2025 in staged installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Landsberg Gilad
Role
President, Gilat Defense Divis
| 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 contracts (Direct);
Stock Option (Right to Buy) — 60,000 contracts (Direct);
Ordinary Shares — 5,192 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 50% after two years (06/06/2025) and the remaining 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Gilad Landsberg report in this Form 3 for GILT?
Gilad Landsberg reports his initial equity holdings in Gilat Satellite Networks. He lists ordinary shares, performance stock units tied to performance goals, and stock options over ordinary shares, providing a baseline of his equity-based compensation position as an officer.
What performance stock units (PSUs) does Gilad Landsberg hold in GILT?
He holds PSUs linked to 26,250 and 5,250 ordinary shares, each representing a contingent right to shares. These units vest in four equal annual installments of 25% starting on 02/13/2026 and 03/16/2026, contingent on performance goals and continued service.
What are the terms of Gilad Landsberg’s stock options in Gilat (GILT)?
Landsberg holds stock options over 60,000 ordinary shares with a $5.53 exercise price, expiring on 06/06/2029. The options vest 50% on 06/06/2025 and the remaining 50% in two equal annual installments, with net exercise as specified in the award agreement.
How are Gilad Landsberg’s PSUs in GILT structured for vesting and performance?
The PSUs represent contingent rights to ordinary shares, vesting in four equal annual installments of 25% beginning on 02/13/2026 or 03/16/2026. Vesting depends on meeting specified performance goals and the officer’s continued service through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
