GMR Solutions CFO sells 265,794 shares at $12.20
GMR Solutions’ CFO exercised options for 42,500 shares and sold and withheld shares mainly to cover exercise costs and tax obligations.
Rhea-AI Filing Summary
GMR Solutions Inc. (GMRS) reported that EVP & CFO Brian Scott Tierney exercised fully vested stock options for 42,500 shares of Class A Common Stock at an exercise price of $7.20 per share on September 14, 2026. In connection with this and equity settlements, 30,721 shares were withheld to cover the exercise price and tax withholding obligations, and 265,794 shares were sold at $12.20 per share as part of broader employee sell-to-cover transactions to satisfy tax withholding on restricted stock units and performance-based restricted stock units. No Rule 10b5-1 trading plan is reported.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) F3 | 42,500 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 42,500 | $7.20 | $306K |
| Exercise Price or Tax Liability | Class A Common Stock F1 | 30,721 | $13.26 | $407K |
| Sale | Class A Common Stock F2 | 265,794 | $12.20 | $3.24M |
Footnotes (3)
- F1. Represents shares withheld to cover the exercise price and tax withholding obligations in connection with the exercise of expiring stock options and the settlement of restricted stock units.
- F2. As part of broader sell-to-cover transactions by Issuer employees, these shares were sold to cover tax withholding obligations in connection with the settlement of restricted stock units and performance-based restricted stock units.
- F3. These stock options are fully vested.
Key Figures
Key Terms
sell-to-cover financial
restricted stock units financial
performance-based restricted stock units financial
stock options financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GMRS EVP & CFO Brian Scott Tierney report on this Form 4?
How many GMRS options did the CFO exercise and at what price?
Were the GMRS Form 4 transactions made under a Rule 10b5-1 plan?
What types of GMRS equity awards are referenced in the Form 4 footnotes?
AI-generated analysis. How Rhea-AI works. Not financial advice.