GPGI (GPGI) director takes stock options instead of $75,000 cash retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GPGI, Inc. director Joseph J. Deangelo received stock option awards as compensation. He was granted stock options covering a total of 46,107 shares of Class A Common Stock at an exercise price of $12.1600 per share.
The options were issued under GPGI, Inc.’s Amended and Restated Non-Employee Director Compensation Policy in place of an annual cash retainer of $75,000, at the director’s election. The awards vest in four equal 25% installments on June 11, 2027 and on the first, second, and third anniversaries of that date, and expire on June 11, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DEANGELO JOSEPH J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 30,738 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 15,369 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 30,738 shares (Direct, null)
Footnotes (1)
- 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. 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 $75,000 at the Director's election.
Key Figures
Option grant 1 size: 15,369 options
Option grant 2 size: 30,738 options
Total underlying shares: 46,107 shares
+4 more
7 metrics
Option grant 1 size
15,369 options
Stock Option (Right to Buy) grant on June 11, 2026
Option grant 2 size
30,738 options
Second Stock Option (Right to Buy) grant on June 11, 2026
Total underlying shares
46,107 shares
Combined underlying Class A Common Stock for both grants
Exercise price
$12.1600 per share
Conversion/exercise price for both option grants
Cash retainer replaced
$75,000
Annual cash retainer replaced by stock options at director’s election
Vesting start date
June 11, 2027
First 25% vesting of stock options
Option expiration
June 11, 2036
Expiration date for both stock option grants
Key Terms
Stock Option (Right to Buy), Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy, annual cash retainer, vest in equal annual installments
4 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" for both derivative grants"
Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy financial
"The Stock Options were issued pursuant to the Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy"
annual cash retainer financial
"in lieu of the annual cash retainer of $75,000 at the Director's election"
vest in equal annual installments financial
"The Stock Options will vest in equal annual installments of 25% each"
FAQ
What did GPGI (GPGI) director Joseph J. Deangelo report in this Form 4?
He reported receiving stock option grants as compensation. The awards cover 46,107 shares of Class A Common Stock at an exercise price of $12.1600 per share, replacing his $75,000 annual cash retainer under the non-employee director compensation policy.
How many GPGI (GPGI) stock options did the director receive and at what price?
He received options on 46,107 underlying shares. The filing shows two grants of 15,369 and 30,738 options, each with an exercise price of $12.1600 per share, giving him the right to buy Class A Common Stock at that fixed price until expiration.
When do Joseph J. Deangelo’s GPGI (GPGI) stock options vest and expire?
The options vest in four equal 25% installments. Vesting begins on June 11, 2027 and continues on the first, second, and third anniversaries of that date. All options expire on June 11, 2036, limiting how long they can be exercised.
Were these GPGI (GPGI) option grants an open-market purchase or compensation?
They are compensation-related awards, not open-market purchases. The filing describes them as stock options granted under GPGI’s Amended and Restated Non-Employee Director Compensation Policy, issued in lieu of the director’s $75,000 annual cash retainer at his election.
What is the purpose of GPGI (GPGI) issuing options instead of a cash retainer?
The options were issued in lieu of a cash retainer. Under the Amended and Restated Non-Employee Director Compensation Policy, the director elected to receive stock options rather than a $75,000 annual cash payment, aligning his compensation more directly with the company’s equity value.
What type of security is involved in this GPGI (GPGI) Form 4 filing?
The filing involves stock options with an underlying Class A Common Stock. Each option represents a right to buy a share of Class A Common Stock at an exercise price of $12.1600, subject to the vesting schedule and the expiration date of June 11, 2036.