GPGI director granted 30,738 stock options
GPGI, Inc. director John D. Cote received a grant of stock options covering 30,738 shares of Class A common stock at an exercise price of $12.16 per share.
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Form Type
4
Rhea-AI Filing Summary
GPGI, Inc. director John D. Cote received a grant of stock options covering 30,738 shares of Class A common stock at an exercise price of $12.16 per share. These options expire on June 11, 2036 and represent his reported derivative holdings after this grant.
The options will 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, aligning compensation with longer-term service to the company.
Insider Trade Summary
Grant/Award: 30,738 shares
Grant/Award
1 txn
Insider
Cote John D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 30,738 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 30,738 contracts (Direct)
Footnotes (1)
- 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.
Key Figures
Options granted: 30,738 options
Exercise price: $12.16/share
Shares underlying options: 30,738 shares
+3 more
6 metrics
Options granted
30,738 options
Stock Option (Right to Buy) grant to director
Exercise price
$12.16/share
Conversion or exercise price of options
Shares underlying options
30,738 shares
Class A common stock underlying granted options
Post-grant derivative holdings
30,738 options
Total derivative securities after this transaction
Vesting start date
June 11, 2027
First 25% tranche of options vests
Expiration date
June 11, 2036
Options must be exercised by this date
Key Terms
Stock Option (Right to Buy), Class A Common Stock, exercise price, vest, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Class A Common Stock financial
"underlying_security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
exercise price financial
"conversion_or_exercise_price: 12.1600"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vest financial
"The Stock Options will vest in equal annual installments of 25% each"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
expiration date financial
"expiration_date: 2036-06-11T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GPGI (GPGI) disclose about John D. Cote in this Form 4?
GPGI reported that director John D. Cote received a grant of stock options for 30,738 shares of Class A common stock. The options were issued at an exercise price of $12.16 per share as equity-based compensation, with vesting tied to future service milestones.
How many GPGI (GPGI) stock options were granted to John D. Cote?
John D. Cote was granted stock options covering 30,738 shares of GPGI Class A common stock. This entire amount is reported as his derivative holdings following the transaction, indicating the grant created or established this specific option position for him.
What is the exercise price of John D. Cote’s GPGI (GPGI) stock options?
The stock options granted to John D. Cote have an exercise price of $12.16 per share. This means he can purchase GPGI Class A common stock at $12.16 if he exercises vested options before the stated expiration date.
When do John D. Cote’s GPGI (GPGI) stock options vest?
The options vest in four equal annual installments of 25% each. Vesting starts on June 11, 2027, with additional 25% tranches vesting on the first, second, and third anniversaries of that date, encouraging multi‑year board service.
When do the GPGI (GPGI) stock options granted to John D. Cote expire?
The options are scheduled to expire on June 11, 2036. Cote must satisfy the time-based vesting schedule and exercise any vested portions before that date to convert them into shares of GPGI Class A common stock.
Is John D. Cote’s Form 4 transaction a market purchase or a compensation grant from GPGI (GPGI)?
The filing characterizes the transaction as a grant or award acquisition of stock options, not an open-market purchase. It reflects equity compensation provided by GPGI, with no reported cash payment per option at the time of grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
