Loma Negra (NYSE: LOMA) executive discloses performance units, options and RSUs
Rhea-AI Filing Summary
Loma Negra Compania Industrial Argentina Sociedad Anonima executive Gerardo Oscar Diez, Commercial & Concrete Director, reports his initial equity-linked holdings. He holds performance stock units tied to 23,929 underlying ordinary shares, phantom stock options linked to 52,285 underlying ordinary shares, and restricted stock units linked to 15,099 underlying ordinary shares.
He also directly holds 10,714 Loma Negra ADSs, each ADS representing five ordinary shares. The performance stock units and restricted stock units provide the economic equivalent of ordinary shares and may be settled in ordinary shares, ADSs, or cash at the company’s discretion, subject to vesting conditions. The phantom stock options, granted under the 2017 Phantom Stock Option Program, are fully vested and exercisable quarterly at an exercise price of US$3.80 per ordinary share, contingent on continued employment.
Positive
- None.
Negative
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Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Diez Gerardo Oscar
Role
Commercial & Concrete Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Units | -- | -- | -- |
| holding | Phantom Stock Options | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Loma Negra ADS | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 23,929 shares (Direct);
Phantom Stock Options — 52,285 shares (Direct);
Restricted Stock Units — 15,099 shares (Direct);
Loma Negra ADS — 10,714 shares (Direct)
Footnotes (4)
- F1. Each American depositary share (ADS) represents five (5) ordinary shares of Loma Negra C.I.A.S.A. (the Company).
- F2. 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.
- 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.
- F4. 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.
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FAQ
What does Loma Negra (LOMA) disclose in this Form 3 for Gerardo Oscar Diez?
Loma Negra reports that executive Gerardo Oscar Diez holds performance stock units, phantom stock options, restricted stock units, and 10,714 ADSs. These instruments provide equity-linked compensation tied to the company’s ordinary shares, subject to specific vesting, exercise, and settlement terms described in the filing’s footnotes.
What are the key terms of Gerardo Diez’s phantom stock options at Loma Negra (LOMA)?
Diez holds phantom stock options tied to 52,285 underlying ordinary shares at an exercise price of US$3.80 per ordinary share. Each option pays cash equal to the value increase of one ADS above US$19.00, with options fully vested and exercisable quarterly, subject to continued employment.
How are restricted stock units structured for Loma Negra (LOMA) executive Gerardo Diez?
He holds restricted stock units linked to 15,099 underlying ordinary shares. Each unit represents the economic equivalent of one ordinary share and may be settled in ordinary shares, ADSs, or cash. These units vest in substantially equal installments on January 1 of three years starting in 2027.