Larimar director granted 55,150 stock options
Larimar Therapeutics director Thomas Edward Hamilton received a grant of stock options covering 55,150 shares of common stock.
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Form Type
4
Rhea-AI Filing Summary
Larimar Therapeutics director Thomas Edward Hamilton received a grant of stock options covering 55,150 shares of common stock. The options have an exercise price of $3.33 per share and expire on May 19, 2036. They vest on the earlier of May 19, 2027 or the company’s next annual stockholder meeting, subject to his continued service on the board. Following this grant, he holds 55,150 options directly.
Insider Trade Summary
Grant/Award: 55,150 shares
Grant/Award
1 txn
Insider
Hamilton Thomas Edward
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 55,150 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 55,150 contracts (Direct)
Footnotes (1)
- F1. The options vest on the earlier of (a) May 19, 2027 or (b) the date of the Company's next annual meeting of stockholders, in each case subject to the Reporting Person's continued service on the Board of Directors of the Company.
Key Figures
Options granted: 55,150 options
Exercise price: $3.33 per share
Expiration date: May 19, 2036
+2 more
5 metrics
Options granted
55,150 options
Grant of stock options to director
Exercise price
$3.33 per share
Stock option strike price
Expiration date
May 19, 2036
Option term end date
Post-transaction options held
55,150 options
Total derivative holdings after grant
Vesting date trigger
Earlier of May 19, 2027 or next annual meeting
Vesting condition subject to continued board service
Key Terms
Stock Option (Right to Buy), Grant, award, or other acquisition, exercise price, Board of Directors, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
exercise price financial
"conversion_or_exercise_price: "3.3300""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Board of Directors financial
"subject to the Reporting Person's continued service on the Board of Directors of the Company"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
vest financial
"The options vest on the earlier of (a) May 19, 2027 or (b) the date of the Company's next annual meeting"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Larimar Therapeutics (LRMR) report for Thomas Edward Hamilton?
Larimar Therapeutics reported that director Thomas Edward Hamilton received a grant of stock options for 55,150 shares of common stock. The grant is classified as a “Grant, award, or other acquisition” and represents a compensation-related award rather than an open-market purchase or sale.
What are the key terms of the 55,150 stock options granted at Larimar Therapeutics (LRMR)?
The grant covers 55,150 stock options with an exercise price of $3.33 per share and an expiration date of May 19, 2036. These options give the director the right to buy Larimar common stock at $3.33 if and when they vest and are exercised.
When do Thomas Edward Hamilton’s Larimar (LRMR) stock options vest?
The options vest on the earlier of May 19, 2027 or the date of Larimar’s next annual meeting of stockholders. Vesting is conditioned on Hamilton’s continued service on the company’s Board of Directors through that vesting date, according to the footnote disclosure.
How many Larimar (LRMR) options does Thomas Edward Hamilton hold after this grant?
Following the reported transaction, Hamilton holds 55,150 stock options directly, as shown by the total shares following the transaction. These options are derivative securities tied to Larimar common stock and are subject to the vesting schedule described in the footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
