GPGI director granted 61,476 stock options at $12.16
GPGI, Inc. director Loree Rebecca Corbin received stock option grants as board compensation.
Rhea-AI Filing Summary
GPGI, Inc. director Loree Rebecca Corbin received stock option grants as board compensation. On June 11, 2026, she was granted 10,246 and 51,230 stock options to buy Class A common stock at an exercise price of $12.16 per share, totaling 61,476 options. The options vest in four equal annual installments of 25% each, beginning on June 11, 2027 and on the first, second, and third anniversaries of that date. According to the disclosure, these stock options were issued under GPGI’s Amended and Restated Non-Employee Director Compensation Policy in lieu of an annual cash retainer of $50,000, at the director’s election, making this a non-cash, compensation-related award rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insights
Routine director equity grants replace cash fees with stock options.
Director Loree Rebecca Corbin elected to receive a total of 61,476 stock options with a $12.16 exercise price instead of a $50,000 cash retainer. This shifts part of her compensation into equity but does not involve open-market trading.
The options vest 25% annually starting on June 11, 2027 through later anniversaries, encouraging longer-term board service. No exercises or sales occurred, and there is no indication of a trading plan or market signal; this appears to be standard non-employee director compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 51,230 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 10,246 | $0.00 | $0.00 |
Footnotes (2)
- F1. The Stock Options will vest in equal annual installments of 25% each on June 11, 2027 and on the first, second, and third anniversaries thereof.
- F2. The Stock Options were issued pursuant to the Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy in lieu of the annual cash retainer of $50,000 at the Director's election.
Key Figures
Key Terms
Stock Option financial
Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy financial
annual cash retainer financial
Class A Common Stock financial
FAQ
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What did GPGI (GPGI) director Loree Rebecca Corbin report in this Form 4?
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What is the exercise price and term of the GPGI (GPGI) options granted to the director?
How and when do Loree Rebecca Corbin’s GPGI (GPGI) stock options vest?
Why did GPGI (GPGI) issue stock options instead of cash to the director?
AI-generated analysis. How Rhea-AI works. Not financial advice.