Innventure grants options and RSUs to chair
Innventure, Inc. reported that Executive Chairman Michael Otworth received new equity awards as part of his compensation.
Rhea-AI Filing Summary
Innventure, Inc. reported that Executive Chairman Michael Otworth received new equity awards as part of his compensation. He was granted nonqualified stock options for 85,795 shares of common stock at a $6.00 exercise price, which is above the $4.64 closing price on the grant date. These options vest over time starting on April 2, 2027.
Otworth was also granted 121,228 shares of common stock in the form of Restricted Stock Units under the 2024 Equity and Incentive Compensation Plan. The RSUs vest in three equal installments on April 2, 2027, April 2, 2028, and April 2, 2029, subject to his continued service. Following the RSU grant, his direct common stock holdings total 3,395,258 shares.
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Insider Trade Summary
Grant/Award: 207,023 shares
Grant/Award
2 txns
Insider
Otworth Michael
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nonqualified Stock Option (right to buy) | 85,795 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 121,228 | $0.00 | $0.00 |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 85,795 contracts (Direct);
Common Stock — 3,395,258 shares (Direct)
Footnotes (2)
- F1. The Restricted Stock Units were granted to the Reporting Person under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan (the "Plan"), and vest in three equal installments on April 2, 2027, April 2, 2028, and April 2, 2029, subject to the Reporting Person's continuous service to Innventure, Inc. (the Issuer") until the applicable vesting date.
- F2. The nonqualified stock options ("Stock Options"), exercisable solely in the Issuer's common stock, par value $0.0001 per share ("Common Stock") were granted by the Issuer to the Reporting Person on April 2, 2026 pursuant to the Plan. One-third of the shares of Common Stock underlying the Stock Options vest and become exercisable on April 2, 2027 and the remaining two-thirds of the shares of Common Stock underlying the Stock Options vest and become exercisable in eight substantially equal installments on each three-month anniversary thereafter, subject to the Reporting Person's continuous service to the Issuer until the applicable vesting date. The Stock Options were granted as a premium-price stock options. The $6.00 exercise price exceeds the $4.64 closing price of the Issuer's Common Stock on the grant date.
Key Figures
Option grant size: 85,795 shares
Option exercise price: $6.00 per share
RSU grant size: 121,228 shares
+2 more
5 metrics
Option grant size
85,795 shares
Nonqualified stock options granted on April 2, 2026
Option exercise price
$6.00 per share
Exercise price exceeds $4.64 closing price on grant date
RSU grant size
121,228 shares
Restricted Stock Units granted under 2024 Equity and Incentive Compensation Plan
Common shares held after grant
3,395,258 shares
Total direct common stock holdings after RSU acquisition
Option expiration date
April 2, 2036
Nonqualified stock options term to expiration
Key Terms
Restricted Stock Units, nonqualified stock options, premium-price stock options, Innventure, Inc. 2024 Equity and Incentive Compensation Plan
4 terms
Restricted Stock Units financial
"The Restricted Stock Units were granted to the Reporting Person under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
nonqualified stock options financial
"The nonqualified stock options ("Stock Options"), exercisable solely in the Issuer's common stock"
A nonqualified stock option is a company-issued right that lets an employee or contractor buy shares later at a preset price, like a coupon to purchase stock regardless of the market price. It matters to investors because when the option is used the recipient owes ordinary-income tax on the difference between market and preset price, which affects the holder’s financial decisions and can change the company’s share count and reported expenses.
Innventure, Inc. 2024 Equity and Incentive Compensation Plan financial
"were granted to the Reporting Person under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan"
FAQ
What equity awards did Innventure (INV) grant to Executive Chairman Michael Otworth?
Innventure granted Michael Otworth nonqualified stock options for 85,795 shares at a $6.00 exercise price and 121,228 Restricted Stock Units. Both awards were issued under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan as compensation.
How do Michael Otworth’s new stock options from Innventure (INV) vest?
The nonqualified stock options vest over time starting on April 2, 2027. One-third of the underlying shares vest and become exercisable then, and the remaining two-thirds vest in eight substantially equal quarterly installments, contingent on Otworth’s continued service to Innventure.
What is notable about the exercise price of Michael Otworth’s Innventure stock options?
The options were granted as premium-price stock options with a $6.00 exercise price. This exceeds the $4.64 closing price of Innventure’s common stock on the grant date, aligning potential value with future stock price appreciation.
When do Michael Otworth’s Innventure (INV) Restricted Stock Units vest?
The 121,228 Restricted Stock Units vest in three equal installments on April 2, 2027, April 2, 2028, and April 2, 2029. Each installment is conditioned on Otworth’s continuous service to Innventure through the applicable vesting date.
What is the term of Michael Otworth’s new Innventure stock options?
The nonqualified stock options granted to Otworth expire on April 2, 2036. They are exercisable solely for Innventure common stock and become exercisable gradually, beginning on April 2, 2027, subject to his continued service with the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
