Immuron CCO discloses 1.14M shares, performance rights
Immuron Ltd executive Flavio Palumbo has filed an initial ownership report showing his equity interests in the company.
Rhea-AI Filing Summary
Immuron Ltd executive Flavio Palumbo has filed an initial ownership report showing his equity interests in the company. He directly holds 1,142,909 Ordinary Shares. He also holds 640,824 Performance Rights, each linked to Ordinary Shares, with a zero exercise price and an expiration date of June 30, 2029. These performance rights vest only when specified non-market key performance indicators and performance milestones are achieved, after which they can be exercised any time until expiration.
Positive
- None.
Negative
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Palumbo Flavio
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Rights | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Performance Rights — 640,824 contracts (Direct);
Ordinary Shares — 1,142,909 shares (Direct)
Footnotes (2)
- F1. Performance rights are granted to employees which vest upon the achievement of non-market key performance indicators ("KPIs"). Upon achievement of the KPIs, the requisite number of performance rights vest, allowing the holder to exercise the performance right at any time up until the date of expiration.
- F2. Vest upon achievement of performance milestones.
Key Figures
Ordinary Shares held: 1,142,909 shares
Performance Rights: 640,824 rights
Exercise price of Performance Rights: 0.0000 per share
+1 more
4 metrics
Ordinary Shares held
1,142,909 shares
Direct holdings reported on Form 3
Performance Rights
640,824 rights
Rights over Ordinary Shares reported on Form 3
Exercise price of Performance Rights
0.0000 per share
Performance Rights exercise price
Performance Rights expiration
June 30, 2029
Expiration date of Performance Rights
Key Terms
Performance Rights, non-market key performance indicators ("KPIs"), vest, expiration date
4 terms
Performance Rights financial
"Performance rights are granted to employees which vest upon the achievement of non-market key performance indicators"
Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.
non-market key performance indicators ("KPIs") financial
"vest upon the achievement of non-market key performance indicators ("KPIs")"
vest financial
"Upon achievement of the KPIs, the requisite number of performance rights vest"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
expiration date financial
"allowing the holder to exercise the performance right at any time up until the date of expiration"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Immuron (IMRN) insider Flavio Palumbo report on this Form 3?
Flavio Palumbo reports his initial ownership in Immuron, including 1,142,909 Ordinary Shares and 640,824 Performance Rights. This Form 3 establishes his starting equity position as Chief Commercial Officer without showing any new buy or sell transactions.
What Performance Rights does Flavio Palumbo hold in Immuron (IMRN)?
Palumbo holds 640,824 Performance Rights over Immuron Ordinary Shares. These rights have a zero exercise price and expire on June 30, 2029. They are granted to employees and only vest when specified non-market key performance indicators and performance milestones are achieved.
When do Flavio Palumbo’s Immuron (IMRN) Performance Rights vest and expire?
The Performance Rights vest upon achievement of non-market KPIs and performance milestones. Once vested, they may be exercised any time until their stated expiration date of June 30, 2029, providing potential future Ordinary Shares if conditions are met.
Are Flavio Palumbo’s Immuron (IMRN) Performance Rights immediately exercisable?
They are not immediately exercisable. The Performance Rights first must vest when non-market key performance indicators and performance milestones are achieved. After vesting, Palumbo can exercise them at a zero exercise price any time before June 30, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
