Intelligent Protection Management (IPM) President awarded 20,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intelligent Protection Management Corp.'s President, Jared Mills, received a grant of stock options covering 20,000 shares of common stock. The options have an exercise price of $1.6200 per share and were granted as a compensation award.
The options vest in four substantially equal annual installments on each of the first four anniversaries of the March 20, 2026 grant date, as long as Mills continues providing services to the company. If a change in control occurs under the company’s 2025 Long-Term Incentive Plan definition, all then-unvested options will immediately vest and become fully exercisable.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mills Jared
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 20,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 20,000 shares (Direct)
Footnotes (1)
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FAQ
What did IPM President Jared Mills report in this Form 4 filing?
Jared Mills reported receiving a grant of 20,000 stock options from Intelligent Protection Management Corp. The options are a compensation award that, if vested and exercised, allow him to buy common shares at a fixed exercise price of $1.6200 per share.
What are the key terms of Jared Mills' stock option grant at IPM?
The grant covers 20,000 options with an exercise price of $1.6200 per share. The options vest in four substantially equal annual installments over four years, beginning on the first anniversary of the March 20, 2026 grant date, subject to continued service.
How do Jared Mills' IPM stock options vest over time?
The 20,000 stock options vest in four substantially equal installments on each of the first four anniversaries of the March 20, 2026 grant date. Vesting requires that Mills continues providing services to Intelligent Protection Management Corp. on each vesting date.
What happens to Jared Mills' IPM options if there is a change in control?
If a change in control occurs as defined in IPM’s 2025 Long-Term Incentive Plan, 100% of Jared Mills’ then-unvested stock options will immediately vest. They become fully exercisable on the effective date of the change in control, accelerating his vesting schedule.
How many IPM derivative securities does Jared Mills hold after this transaction?
After this transaction, Jared Mills holds 20,000 stock options linked to Intelligent Protection Management Corp. common stock. These options were granted at an exercise price of $1.6200 and represent his reported derivative position in this Form 4 filing.