IDEX (IEX) officer William L. Simmons details equity awards in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
IDEX CORP /DE/ executive William L. Simmons filed an initial ownership report showing his existing equity awards and stock holdings. The filing lists several option grants with remaining exercisable rights to buy shares, plus common stock holdings. Footnotes explain that 1,699 restricted stock units are included, each convertible into one share of common stock, with portions scheduled to vest in 2026 and 2028, subject to his continued service. Overall, this Form 3 establishes his baseline ownership position as a company officer rather than reporting new market transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Simmons William L.
Role
Group Executive, FMT & FSDP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | OPTIONS (RIGHT TO BUY) | -- | -- | -- |
| holding | OPTIONS (RIGHT TO BUY) | -- | -- | -- |
| holding | OPTIONS (RIGHT TO BUY) | -- | -- | -- |
| holding | OPTIONS (RIGHT TO BUY) | -- | -- | -- |
| holding | OPTIONS (RIGHT TO BUY) | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
OPTIONS (RIGHT TO BUY) — 454 shares (Direct);
COMMON STOCK — 1,837 shares (Direct)
Footnotes (1)
- Includes 1,699 restricted stock units (?RSUs?). Each RSU represents a contingent right to receive one share of the Issuer?s common stock. These RSUs vest as follows, subject to the Reporting Person?s continuous service through each such date: (i) 987 RSUs vest on September 16, 2026, and (ii) 712 RSUs vest on February 20, 2028. Represents 454 shares remaining from an original option grant of 1,815 shares, which option is fully vested. Represents 870 shares remaining from an original option grant of 1,740 shares, which option vests in four substantially equal annual installments beginning February 24, 2023, subject to the Reporting Person?s continuous service through each such date. This option vests in four substantially equal annual installments beginning February 23, 2024, subject to the Reporting Person?s continuous service through each such date. This option vests in four substantially equal annual installments beginning February 22, 2025, subject to the Reporting Person?s continuous service through each such date. This option vests in four substantially equal annual installments beginning February 20, 2026, subject to the Reporting Person?s continuous service through each such date.
FAQ
What does the IDEX (IEX) Form 3 filing by William L. Simmons report?
The Form 3 filing reports William L. Simmons’s baseline ownership in IDEX, including common stock, stock options, and restricted stock units. It does not show new buy or sell transactions, only his existing equity positions as an officer.
What types of securities does William L. Simmons hold in IDEX (IEX)?
William L. Simmons holds IDEX common stock, multiple grants of options representing rights to buy shares, and 1,699 restricted stock units. Each RSU represents a contingent right to receive one share of IDEX common stock upon vesting, subject to his continuous service.
How many restricted stock units are reported in the IDEX (IEX) Form 3?
The Form 3 states that Simmons holds 1,699 restricted stock units. Each RSU converts into one share of IDEX common stock upon vesting, with specific portions scheduled to vest in future years if he remains in continuous service.
How do the IDEX (IEX) stock options in the Form 3 vest over time?
The stock options generally vest in four substantially equal annual installments beginning on specified past or future February dates. Vesting for each grant is subject to Simmons’s continuous service through each vesting date, as detailed in the footnotes.
Does the IDEX (IEX) Form 3 show any insider buying or selling activity?
The Form 3 does not show insider buying or selling activity. It classifies the entries as holdings, with unknown transaction codes, indicating this is an initial ownership report rather than a record of new market trades by Simmons.