Goosehead Insurance (GSHD) grants 30,000 stock options to General Counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goosehead Insurance, Inc. reported that its General Counsel, Martin Ellis Thornthwaite, received a grant of 30,000 employee stock options to buy Class A common stock at an exercise price of $46.68 per share. These options are compensation, not an open-market purchase or sale.
One third of the options vest on each of the first, second, and third anniversaries of the grant date, subject to continued employment, and they expire on April 3, 2036. All unvested options will fully vest if there is a qualifying change in control and his employment is terminated without cause or for good reason within six months.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thornthwaite Martin Ellis
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options (right to buy) | 30,000 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Options (right to buy) — 30,000 shares (Direct)
Footnotes (1)
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Key Figures
Options granted: 30,000 options
Exercise price: $46.68 per share
Expiration date: April 3, 2036
+3 more
6 metrics
Options granted
30,000 options
Employee stock options granted to General Counsel
Exercise price
$46.68 per share
Strike price for Class A common stock under the options
Expiration date
April 3, 2036
Options expire if not exercised by this date
Underlying shares
30,000 shares
Class A common stock underlying the options
Vesting schedule
1/3 each year for 3 years
Annual vesting on first, second, and third anniversaries of grant
Change-in-control window
6 months
Acceleration if terminated within six months after change in control
Key Terms
Employee Stock Options, Class A Common Stock, change in control, Omnibus Incentive Plan, +1 more
5 terms
Employee Stock Options financial
"Employee Stock Options (right to buy)"
Employee stock options are contracts that give workers the right to buy a company's shares at a set price sometime in the future, like a coupon that lets you purchase stock at today’s price later on. Investors care because they align employees’ incentives with company performance and create a potential future claim on shares that can reduce existing owners’ percentage and add to a company’s reported compensation costs.
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.
change in control financial
"within six months following a "change in control""
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Omnibus Incentive Plan financial
"Issuer's Amended and Restated Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
vest and become exercisable financial
"all shares subject to the option will vest and become exercisable"
FAQ
What insider transaction did Goosehead Insurance (GSHD) disclose for Martin Ellis Thornthwaite?
Goosehead Insurance disclosed that General Counsel Martin Ellis Thornthwaite received 30,000 employee stock options as a compensation grant. The options give him the right to buy Class A common stock at $46.68 per share, rather than reflecting an open-market stock trade.
What are the key terms of the 30,000 stock options granted by Goosehead Insurance (GSHD)?
The grant covers 30,000 employee stock options with an exercise price of $46.68 per share, expiring April 3, 2036. They relate to Class A common stock and are structured as a derivative security giving a future right to purchase, not current ownership of shares.
How do the Goosehead Insurance (GSHD) options for the General Counsel vest over time?
The options vest in three equal installments: one third on each of the first, second, and third anniversaries of the grant date. Vesting is conditioned on continued employment, meaning he must remain employed through each anniversary date for those portions to vest.
Is there accelerated vesting on Goosehead Insurance (GSHD) options if control of the company changes?
Yes. All unvested options will fully vest and become exercisable if, within six months after a defined change in control, his employment is terminated without cause or for good reason. These terms follow the company’s Amended and Restated Omnibus Incentive Plan and award agreement.
Did the Goosehead Insurance (GSHD) Form 4 show any stock being bought or sold in the market?
No open-market trades were reported. The Form 4 reflects a grant of employee stock options with a zero-dollar grant price per option. The economic event is the award of rights to buy shares later at $46.68, not an immediate stock purchase or sale.