Gilat (GILT) officer Hagay Katz details share, PSU and option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Gilat Satellite Networks executive Hagay Katz, Chief Product and Marketing Officer, reported his equity holdings in the company. He directly holds 6,000 Ordinary Shares, plus performance-based awards and stock options that could convert into additional shares over time.
He holds performance stock units tied to 15,000 underlying Ordinary Shares that vest in four annual 25% installments starting on 02/13/2026, and additional units tied to 3,000 underlying shares vesting annually from 03/16/2026, in each case subject to continued service and achievement of specified performance goals. Katz also holds stock options over 12,500 Ordinary Shares with a $5.68 exercise price, vesting in four equal annual installments beginning 02/13/2024 and expiring on 02/13/2029, which will be exercised on a net exercise basis. This filing describes existing and potential future equity, not new open‑market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Katz Hagay
Role
Chief Product and Marketing Of
| 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) — 15,000 shares (Direct);
Stock Option (Right to Buy) — 12,500 shares (Direct);
Ordinary Shares — 6,000 shares (Direct)
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.
FAQ
What insider holdings did Hagay Katz report in Gilat Satellite Networks (GILT)?
Hagay Katz reported 6,000 Ordinary Shares held directly, plus performance stock units and stock options linked to additional Ordinary Shares. These derivative awards can convert into shares over time if vesting and performance conditions described in the filing are satisfied.
How many performance stock units does Hagay Katz hold in GILT and how do they vest?
Katz holds performance stock units tied to 15,000 underlying Ordinary Shares vesting 25% annually from 02/13/2026, and units tied to 3,000 shares vesting 25% annually from 03/16/2026. Vesting depends on continued service and achievement of specified performance goals.
What stock options were reported by Hagay Katz at Gilat Satellite Networks (GILT)?
Katz reported stock options over 12,500 Ordinary Shares with a $5.68 exercise price. These options vest in four equal annual installments starting 02/13/2024, expire on 02/13/2029, and are structured to be exercised on a net exercise basis under the award agreement.
How are already vested performance stock units for GILT reported for Hagay Katz?
Footnotes explain that vested performance stock units that have already settled into Ordinary Shares appear as shares in Table I. Unvested performance stock units remain in Table II until they vest and convert, reflecting the distinction between current and potential future share ownership.