Lincoln Electric (LECO) EVP details initial stock and option stake
Rhea-AI Filing Summary
Lincoln Electric Holdings Inc. executive Kevin J. Whaley, EVP and President of Global Automation, filed an initial statement of ownership. He reports direct ownership of 2,856 common shares and an employee stock option covering 2,394 underlying common shares at an exercise price of $289.04 per share. According to a footnote, this option becomes exercisable in equal installments on the first, second and third anniversaries of the grant date and expires on February 18, 2036. This Form 3 establishes Whaley’s starting equity stake as a company officer.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Whaley Kevin J.
Role
EVP, Pres, Global Automation
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 2,394 shares (Direct);
Common Shares — 2,856 shares (Direct)
Footnotes (1)
- F1. Exercisable in equal installments on the first, second and third anniversaries of the date of grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Kevin J. Whaley’s Form 3 filing for LECO show?
The Form 3 shows Kevin J. Whaley’s initial equity stake in Lincoln Electric. He directly holds 2,856 common shares and an employee stock option for 2,394 underlying shares at $289.04 per share, establishing his baseline ownership as a senior executive.
What stock options are reported for Kevin Whaley in the LECO Form 3?
The filing reports an employee stock option on 2,394 underlying Lincoln Electric common shares with a $289.04 exercise price. The option vests in three equal annual installments after the grant date and expires on February 18, 2036, providing long-term equity exposure.
Is Kevin J. Whaley’s ownership in LECO direct or indirect?
Kevin J. Whaley’s reported holdings in Lincoln Electric are classified as direct ownership. Both the 2,856 common shares and the employee stock option on 2,394 underlying shares are listed as directly held, with no trusts or other entities referenced in the filing.
Does the LECO Form 3 indicate any recent insider buying or selling?
No recent insider buying or selling is indicated; the entries are categorized as holdings. The Form 3 simply records Kevin Whaley’s existing 2,856 common shares and his option on 2,394 shares, serving as an initial disclosure rather than a transaction report.