Idaho Strategic Resources director exercises 5,000 options
Idaho Strategic Resources director Carolyn S. Turner exercised stock options to acquire 5,000 shares of common stock at $11.50 per share.
Rhea-AI Filing Summary
Idaho Strategic Resources director Carolyn S. Turner exercised stock options to acquire 5,000 shares of common stock at $11.50 per share. The issuer retired 1,540 options at a $37.35 market price, less the exercise price, to fund a cashless exercise under the 2023 Equity Incentive Plan. Following these transactions, she directly holds 12,500 stock options and 4,440 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares exercised/converted
Exercise
4 txns
Insider
Turner Carolyn S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 2,500 | $0.00 | $0.00 |
| Exercise | Stock Options | 2,500 | $0.00 | $0.00 |
| Exercise | Common stock | 5,000 | $11.50 | $58K |
| Exercise Price or Tax Liability | Common stock | 1,540 | $37.35 | $58K |
Holdings After Transaction:
Stock Options — 12,500 contracts (Direct);
Common stock — 4,440 shares (Direct)
Footnotes (1)
- F1. Reflects 1,540 stock options retired by issuer at the market price of $37.35 per share less an exercise price of $11.50 per share to fund the cashless exercise of 5,000 stock option owned by the Reporting Person pursuant to the Issuer's 2023 Equity Incentive Plan.
Key Figures
Options exercised: 5,000 stock options
Exercise price: $11.50 per share
Options retired for cashless exercise: 1,540 stock options
+3 more
6 metrics
Options exercised
5,000 stock options
Exercised into common stock at $11.50 per share
Exercise price
$11.50 per share
Stock option exercise price for 5,000 options
Options retired for cashless exercise
1,540 stock options
Options retired at $37.35 market price less $11.50 exercise price
Market price for retirement
$37.35 per share
Market price used to retire 1,540 options in cashless exercise
Stock options held after
12,500
Direct stock options position after reported transactions
Common shares held after
4,440
Direct common stock position after reported transactions
Key Terms
cashless exercise, Equity Incentive Plan, tax-withholding disposition
3 terms
cashless exercise financial
"to fund the cashless exercise of 5,000 stock option"
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
Equity Incentive Plan financial
"pursuant to the Issuer's 2023 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Idaho Strategic Resources (IDR) report for Carolyn Turner?
Idaho Strategic Resources reported that director Carolyn S. Turner exercised stock options to acquire 5,000 shares of common stock at $11.50 per share. The company also retired options to fund a cashless exercise, as detailed in the Form 4 footnote.
How many Idaho Strategic Resources (IDR) stock options did Carolyn Turner exercise and at what price?
Carolyn Turner exercised stock options covering 5,000 shares of Idaho Strategic Resources common stock at an exercise price of $11.50 per share. These exercises were reported as derivative transactions linked to common stock under the companys 2023 Equity Incentive Plan.
What does the cashless exercise involve in Idaho Strategic Resources (IDR) Form 4?
The cashless exercise involved 1,540 stock options being retired by the issuer at a $37.35 market price, less the $11.50 exercise price, to fund exercising 5,000 options. This allowed Carolyn Turner to obtain shares without paying cash directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
