LPA (LPA) COO details Ordinary Share and RSU awards in filing
Rhea-AI Filing Summary
Logistic Properties of the Americas Chief Operating Officer Annette Fernandez Pagan reported her equity holdings in a Form 3 filing. She holds 6,300 Ordinary Shares directly. In addition, she has several grants of Restricted Stock Units (RSUs) under the 2024 Equity Incentive Plan, each RSU representing one Ordinary Share upon vesting.
One RSU award tied to calendar year 2025 will vest in roughly equal thirds on April 1, 2026, April 1, 2027, and April 1, 2028, subject to continued employment. A second RSU award will vest 100% on April 1, 2027. A third RSU award for calendar year 2024 vested one-third on April 1, 2025, with remaining thirds scheduled to vest on April 1, 2026 and April 1, 2027, also contingent on ongoing employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Fernandez Pagan Annette
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 138,000 shares (Direct);
Ordinary Shares — 6,300 shares (Direct)
Footnotes (3)
- F1. Represents an RSU award granted for calendar year 2025, pursuant to the Logistic Properties of the Americas 2024 Equity Incentive Plan. Each RSU represents the right to receive one share of LPA Ordinary Stock on the date that the RSU vests. Subject to certain exceptions, approximately one-third of the RSU shall vest on April 1, 2026, one-third of the RSU shall vest on April 1, 2027, and one-third of the RSU shall vest on April 1, 2028, provided that the reporting person remains employed by the issuer.
- F2. Represents an RSU award granted pursuant to the Logistic Properties of the Americas 2024 Equity Incentive Plan. Each RSU represents the right to receive one share of LPA Ordinary Stock on the date that the RSU vests. This Award will vest with respect to 100% of the Restricted Stock Units on April 1, 2027.
- F3. Represents a Restricted Stock Unit ("RSU") award granted for calendar year 2024, pursuant to the Logistic Properties of the Americas 2024 Equity Incentive Plan. Each RSU represents the right to receive one share of LPA Ordinary Stock on the date that the RSU vests. Subject to certain exceptions, approximately one-third of the RSU vested on April 1, 2025, one-third of the RSU shall vest on April 1, 2026, and one-third of the RSU shall vest on April 1, 2027, provided that the reporting person remains employed by the issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Logistic Properties of the Americas (LPA) COO report in this Form 3?
The COO, Annette Fernandez Pagan, reports her initial holdings of Ordinary Shares and several Restricted Stock Unit (RSU) awards. These RSUs are granted under the 2024 Equity Incentive Plan and convert into Ordinary Shares as they vest over the next several years.
When do the 2025 RSU awards for LPA’s COO vest?
The RSU award granted for calendar year 2025 vests in three stages: approximately one-third on April 1, 2026, one-third on April 1, 2027, and one-third on April 1, 2028, subject to the COO’s continued employment with the company.
What is the vesting schedule for the LPA COO’s RSU award that fully vests in 2027?
One RSU award to the COO will vest with respect to 100% of the Restricted Stock Units on April 1, 2027. Each vested RSU converts into one Ordinary Share of Logistic Properties of the Americas, assuming ongoing employment through the vesting date.
How do the 2024 RSU awards for Logistic Properties of the Americas (LPA) COO vest?
The 2024 RSU award vested one-third on April 1, 2025. The remaining portions are scheduled to vest in roughly equal thirds on April 1, 2026 and April 1, 2027, provided the COO continues employment with Logistic Properties of the Americas.
What does each RSU represent for Logistic Properties of the Americas (LPA)?
Each Restricted Stock Unit (RSU) represents the right to receive one Ordinary Share of Logistic Properties of the Americas upon vesting. Delivery of shares occurs on the vesting date, assuming the COO remains employed and other award conditions are satisfied.