Loma Negra (NYSE: LOMA) HR director lists stock unit and option awards
Rhea-AI Filing Summary
Loma Negra Compania Industrial Argentina Sociedad Anonima executive Loureiro Lucrecia filed an initial statement of beneficial ownership, detailing existing equity-based awards rather than new open-market trades. The filing lists performance stock units tied to 53,913 underlying ordinary shares, restricted stock units tied to 37,549 underlying ordinary shares, and phantom stock options over 13,123 underlying ordinary shares.
The performance stock units deliver the economic equivalent of one ordinary share each and vest based on the company’s total shareholder return over a three-year period. The restricted stock units may be settled in ordinary shares, ADSs or cash and vest in substantially equal installments each January 1 over three years, starting on January 1, 2027, subject to continued employment. The phantom stock options are fully vested, cash-settled instruments linked to the value of one ADS above a grant price of US$19.00 per ADS (equivalent to US$3.80 per ordinary share) and are exercisable quarterly under the company’s 2017 Phantom Stock Option Program.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Loureiro Lucrecia
Role
HR, EHS, Corp Affairs Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Phantom Stock Options | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 53,913 shares (Direct);
Restricted Stock Units — 37,549 shares (Direct);
Phantom Stock Options — 13,123 shares (Direct)
Footnotes (3)
- F1. Each performance stock unit represents a contingent right to receive the economic equivalent of one ordinary share of Loma Negra C.I.A.S.A.(the Company). The Reporting Person was awarded performance stock units under the Company s Stock Compensation Plan Subject to Total Shareholder Return (TSR). The performance stock units may, at the Company s discretion, be settled in ordinary shares, American depositary shares (each representing five (5) ordinary shares) (ADSs) or the equivalent value in cash. The number of ordinary shares, ADSs (or equivalent value in cash) to be delivered upon vesting will be determined by reference to the Company s TSR over a three-year period following the award date (including the year the award was made) and calculated in accordance with the plan. The performance stock units will vest following the end of the three-year performance period, subject to the Reporting Person continued employment with the Company through such vesting date.
- F2. Each restricted stock unit represents a contingent right to receive the economic equivalent of one ordinary share of the Company. The Reporting Person was awarded restricted stock units under the Company s Stock Compensation Plan. The restricted stock units may, at discretion of the Company, be settled in ordinary shares, ADSs or the equivalent value in cash. The restricted stock units vest in substantially equal installments on January 1 of each of the three years following the award date, subject to the Reporting Person continued employment with the Company through each such vesting date, commencing on January 1, 2027.
- F3. Each phantom stock option represents a contingent right to receive a cash payment equal to the excess in value of one ADS above a grant price of US$19.00 per ADS (equivalent to US$3.80 per ordinary share). The Reporting Person was granted phantom stock options under the Company s 2017 Phantom Stock Option Program. The phantom stock options are fully vested and are exercisable quarterly in accordance with the plan, subject to the Reporting Person s continued employment with the Company through the applicable exercise date.
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FAQ
What does LOMA’s Form 3 for Loureiro Lucrecia report?
The Form 3 reports Loureiro Lucrecia’s existing equity-based interests in Loma Negra. It lists performance stock units, restricted stock units, and phantom stock options, all tied to underlying ordinary shares, with no new open-market purchases or sales disclosed.
How many Loma Negra performance stock units does Loureiro Lucrecia hold?
Loureiro Lucrecia holds performance stock units linked to 53,913 underlying ordinary shares of Loma Negra. These units deliver the economic equivalent of one ordinary share each and vest based on total shareholder return over a three-year performance period, subject to continued employment.
What restricted stock unit position is shown for LOMA’s Loureiro Lucrecia?
The filing shows restricted stock units tied to 37,549 underlying ordinary shares of Loma Negra. These units may be settled in ordinary shares, ADSs, or cash and vest in substantially equal installments each January 1 over three years, beginning January 1, 2027.
How are Loureiro Lucrecia’s phantom stock options at LOMA structured?
The phantom stock options cover 13,123 underlying ordinary shares and are cash-settled. Each option reflects the excess value of one ADS above a grant price of US$19.00 per ADS, equivalent to US$3.80 per ordinary share, and is exercisable quarterly.
Do the LOMA equity awards for Loureiro Lucrecia involve cash settlement?
Yes, several awards allow cash settlement. Performance and restricted stock units may be settled in ordinary shares, ADSs, or cash, while phantom stock options are explicitly cash-settled based on ADS value above the grant price, under the 2017 Phantom Stock Option Program.
When do Loureiro Lucrecia’s LOMA restricted stock units start vesting?
The restricted stock units begin vesting on January 1, 2027. They vest in substantially equal installments on January 1 of each of the three years following the award date, conditioned on Loureiro Lucrecia’s continued employment through each vesting date.