Gilat (GILT) Chief People Officer details initial share, PSU and option holdings
Rhea-AI Filing Summary
Gilat Satellite Networks’ Chief People Officer, Lior Moyal, has filed an initial ownership report detailing his equity interests in the company. He directly holds 7,500 ordinary shares and several equity awards tied to future performance and service-based vesting.
The filing shows performance stock units that may convert into 18,750 ordinary shares, vesting in four equal annual installments beginning on February 13, 2026, and additional performance stock units for 3,750 shares vesting annually starting on March 16, 2026. The number of shares ultimately issued will depend on specified performance goals being met and continued service.
Moyal also holds stock options covering 7,500 ordinary shares at an exercise price of $5.6800 per share, vesting in four equal annual installments beginning on February 13, 2024 and expiring on February 13, 2029. These options are to be exercised on a net exercise basis under the award agreement.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- 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 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.
