GPGI director granted stock options as compensation
GPGI, Inc. director Paul Galant reported receiving two grants of stock options classified as “Stock Option (Right to Buy)” awards.
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Rhea-AI Filing Summary
GPGI, Inc. director Paul Galant reported receiving two grants of stock options classified as “Stock Option (Right to Buy)” awards. One grant covers 10,246 underlying shares of Class A Common Stock and the other covers 30,738 underlying shares, both with an exercise price of $12.16 per share and expiring on June 11, 2036. The options will vest in four equal annual installments of 25%, starting on June 11, 2027 and on each of the first, second and third anniversaries of that date. According to the disclosure, the options were issued under GPGI, Inc.’s Amended and Restated Non-Employee Director Compensation Policy in lieu of an annual cash retainer of $50,000 at the director’s election.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 30,738 | $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 (Right to Buy) financial
Class A Common Stock financial
Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy financial
annual cash retainer financial
vest in equal annual installments financial
FAQ
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What insider transaction did GPGI (GPGI) disclose for Paul Galant?
How many stock options were granted to the GPGI (GPGI) director?
What is the exercise price and expiration date of the GPGI (GPGI) options?
How do the GPGI (GPGI) director’s options vest over time?
Why were the GPGI (GPGI) stock options issued instead of cash?
AI-generated analysis. How Rhea-AI works. Not financial advice.