Ivanhoe Electric chair exercises options for 916,666 shares
Ivanhoe Electric Inc. Executive Chairman Robert M. Friedland reported an exercise of stock options into common shares.
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Rhea-AI Filing Summary
Ivanhoe Electric Inc. Executive Chairman Robert M. Friedland reported an exercise of stock options into common shares. He exercised options covering 916,666 shares of Common Stock at $2.49 per share, increasing his directly held common shares to 10,466,436.
The exercised options were fully used, leaving no remaining shares under that specific option grant. A footnote states the option vested in four equal annual installments beginning on June 30, 2021, and that 168,250 shares are subject to vesting criteria tied to continued employment.
In addition to his direct holdings, 2,252,970 shares of Common Stock are reported as held indirectly through Ivanhoe Capital Pte Ltd. A footnote explains this total includes shares previously owned directly by Friedland that were transferred to an entity wholly owned and controlled by him.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 916,666 | $0.00 | $0.00 |
| Exercise | Common Stock | 916,666 | $2.49 | $2.28M |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. 168,250 shares are subject to vesting criteria related to continued employment.
- F2. Total includes shares previously owned directly by the Reporting Person that were transferred to an entity that is wholly owned and controlled by the Reporting Person.
- F3. The option became exercisable in four equal annual installments beginning on June 30, 2021.
Key Figures
Key Terms
Stock Option (right to buy) financial
vesting criteria financial
indirect ownership financial
Exercise or conversion of derivative security financial
FAQ
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What did Ivanhoe Electric (IE) Executive Chairman Robert M. Friedland do in this Form 4?
What were the terms of the stock options exercised by Robert M. Friedland at Ivanhoe Electric (IE)?
How are Robert M. Friedland’s indirect Ivanhoe Electric (IE) holdings structured?
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