Loop Industries CEO granted stock options
Loop Industries, Inc. director and Chief Executive Officer Daniel Solomita reported receiving two compensation-related stock option grants.
Rhea-AI Filing Summary
Loop Industries, Inc. director and Chief Executive Officer Daniel Solomita reported receiving two compensation-related stock option grants. He was awarded 150,410 stock options with a $1.44 exercise price, which will vest in equal tranches on April 8, 2027, April 8, 2028, and April 8, 2029 if he remains employed. He also received 1,000,000 stock options at a $1.44 exercise price expiring April 8, 2033, which are subject to stockholder approval to increase the shares authorized under the 2017 Equity Incentive Plan at the next stockholder meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock options (right to buy) | 150,410 | $0.00 | $0.00 |
| Grant/Award | Stock options (right to buy) | 1,000,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. This option will vest and become exercisable ratably in equal tranches on April 8, 2027, April 8, 2028, and April 8, 2029, provided that the Reporting Person continues to be employed by the Company through the applicable vesting date.
- F2. Subject to stockholder approval to increase the number of shares of common stock authorized under the 2017 Equity Incentive Plan at the next stockholder meeting.
Key Figures
Key Terms
Stock options (right to buy) financial
2017 Equity Incentive Plan financial
vest and become exercisable ratably financial
stockholder approval financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LOOP CEO Daniel Solomita report on this Form 4?
What are the key terms of Daniel Solomita’s 150,410 Loop Industries stock options?
What conditions apply to the 1,000,000 Loop Industries stock options granted to the CEO?
How do the vesting terms affect Daniel Solomita’s 150,410 Loop Industries options?
Are Daniel Solomita’s new Loop Industries option grants open-market purchases of LOOP stock?
What corporate approval is required for the 1,000,000 Loop Industries stock options?
AI-generated analysis. How Rhea-AI works. Not financial advice.