[Form 4] IPERIONX Ltd Insider Trading Activity
IPERIONX Ltd Executive Chairman Todd Hannigan received new equity awards in the form of performance rights and options linked to IPX Ordinary Shares.
Rhea-AI Filing Summary
IPERIONX Ltd Executive Chairman Todd Hannigan received new equity awards in the form of performance rights and options linked to IPX Ordinary Shares. On April 2, 2026, he was granted 196,086 performance rights and 465,410 options each with an exercise price of A$18.00, plus 526,760 options with an exercise price of A$22.00.
Each performance right can convert into one ordinary share if service and stock price performance conditions are met, and each option allows purchase of one ordinary share at the stated price. Following these awards, he holds 25,628,334 Ordinary Shares directly, alongside existing derivative positions and 500,000 ADS representing IPX Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,188,256 shares
Grant/Award
9 txns
Insider
Hannigan Todd
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights (A$18) | 196,086 | $0.00 | $0.00 |
| Grant/Award | Options (A$18) | 465,410 | $0.00 | $0.00 |
| Grant/Award | Options (A$22) | 526,760 | $0.00 | $0.00 |
| holding | American Depository Shares (ADS) | -- | -- | -- |
| holding | Performance Rights (A$6) | -- | -- | -- |
| holding | Performance Rights (A$7) | -- | -- | -- |
| holding | Performance Rights (A$8) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Performance Rights (A$18) — 196,086 contracts (Direct);
Options (A$18) — 465,410 contracts (Direct);
Options (A$22) — 526,760 contracts (Direct);
American Depository Shares (ADS) — 500,000 contracts (Direct);
Performance Rights (A$6) — 306,302 contracts (Direct);
Performance Rights (A$7) — 306,302 contracts (Direct);
Performance Rights (A$8) — 306,302 contracts (Direct);
Ordinary Shares — 25,628,334 shares (Direct);
Restricted Stock Units — 454,464 shares (Direct)
Footnotes (7)
- F1. Ordinary Shares are traded on the Australian Stock Exchange (ASX).
- F2. 159,334 vest in December 2026; 295,130 vest in April 2028
- F3. ADS are traded on the Nasdaq.
- F4. One ADS is equivalent and exchangeable into Ten Ordinary Shares.
- F5. Australian Dollars
- F6. Each performance right is convertible into one ordinary share after performance criteria have been met. Performance criteria are (1) four years of continuous service through 04/02/2030, and (2) IPX stock price on the ASX reaching a thirty-day volume-weighted average price (VWAP) of A$18.00.
- F7. Each option confers the right to purchase one ordinary share at the conversion price.
Key Figures
Performance rights grant: 196,086 rights
Options grant A$18: 465,410 options at A$18.00
Options grant A$22: 526,760 options at A$22.00
+5 more
8 metrics
Performance rights grant
196,086 rights
A$18.00 performance rights granted April 2, 2026
Options grant A$18
465,410 options at A$18.00
Exercise price for IPX Ordinary Shares
Options grant A$22
526,760 options at A$22.00
Exercise price for IPX Ordinary Shares
Ordinary Shares holding
25,628,334 shares
Direct Ordinary Shares following reported awards
ADS holding
500,000 ADS
Each ADS equals ten IPX Ordinary Shares
Existing performance rights A$6
306,302 underlying shares
Performance rights at A$6.00 exercise price
Existing performance rights A$7
306,302 underlying shares
Performance rights at A$7.00 exercise price
Restricted Stock Units
454,464 units
159,334 vest Dec 2026; 295,130 vest Apr 2028
Key Terms
Performance rights, Restricted Stock Units, American Depository Shares (ADS), volume-weighted average price (VWAP), +1 more
5 terms
Performance rights financial
"Each performance right is convertible into one ordinary share after performance criteria have been met."
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.
Restricted Stock Units financial
"Restricted Stock Units ... total shares following transaction 454,464.0000"
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.
volume-weighted average price (VWAP) financial
"reaching a thirty-day volume-weighted average price (VWAP) of A$18.00."
Volume-weighted average price (VWAP) is the average price of a security over a trading period where each trade’s price is weighted by how many shares were traded, so larger trades pull the average more than tiny ones. Investors and traders use VWAP as a benchmark to judge whether a trade was executed at a favorable price—similar to checking whether you paid more or less than the typical price when most people were buying or selling.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did IPERIONX (IPX) Executive Chairman Todd Hannigan receive?
Todd Hannigan received 196,086 performance rights, 465,410 options at A$18.00, and 526,760 options at A$22.00. These derivative awards relate to IPX Ordinary Shares and were granted as non-cash compensation, expanding his potential future equity exposure.
What conditions apply to the new IPERIONX (IPX) performance rights at A$18?
Each A$18.00 performance right converts into one ordinary share only after four years of continuous service through April 2, 2030 and if IPX’s ASX stock achieves a thirty‑day VWAP of A$18.00, tying vesting to both tenure and share price performance.
What is the exercise price and structure of the new IPERIONX (IPX) options?
The new options give Hannigan the right to purchase ordinary shares at fixed prices: A$18.00 for 465,410 options and A$22.00 for 526,760 options. Each option corresponds to one ordinary share and remains outstanding until its stated expiration date.
What other IPERIONX (IPX) equity-based awards does Todd Hannigan hold?
Hannigan also holds performance rights with exercise prices of A$6.00, A$7.00, and A$8.00 over 306,302 underlying ordinary shares each, plus 454,464 restricted stock units. Footnotes note that 159,334 units vest in December 2026 and 295,130 in April 2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.
