Loop Industries (LOOP) grants director 1M stock options vests through 2030
Rhea-AI Filing Summary
Loop Industries director Spencer Hart reported receiving stock option awards on January 4, 2026. The grants consist of two awards of stock options to purchase Loop Industries common stock at an exercise price of $1.02 per share, one for 200,000 options and another for 800,000 options, for a total of 1,000,000 options held directly after the transactions.
According to the footnote, these options vest in four equal annual tranches on January 5, 2027, January 5, 2028, January 5, 2029 and January 5, 2030, as long as Hart continues to be employed by the company through each vesting date. Any unvested options will also fully vest if the Infinite Loop India plant produces 12,500 MT of PET resin meeting customer requirements in a single calendar quarter.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock options (right to buy) | 200,000 | $0.00 | -- |
| Grant/Award | Stock options (right to buy) | 800,000 | $0.00 | -- |
Footnotes (1)
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