MDxHealth (MDXH) awards new share options to finance VP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MDxHealth SA reported that VP of Finance and Accounting Brendan O'Connell received two grants of share options. One grant covers 65,000 options to purchase ordinary shares at an exercise price of $0.76 per share, vesting based on Company performance criteria evaluated by the Board at the end of specified performance periods. A second grant covers 35,000 options at the same $0.76 exercise price, vesting in three equal annual installments on each of the first three anniversaries of the grant date. These awards increase his derivative-based compensation exposure without involving any open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
OConnell Brendan
Role
VP, Finance and Accounting
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Option | 35,000 | $0.00 | -- |
| Grant/Award | Share Option | 65,000 | $0.00 | -- |
Holdings After Transaction:
Share Option — 35,000 shares (Direct, null)
Footnotes (1)
- Represents options to purchase ordinary shares at a price per share of $0.76 granted on June 1, 2026. The options vest upon the achievement of certain Company performance criteria evaluated by the Board of Directors at the end of the relevant performance periods. Represents options to purchase ordinary shares at a price per share of $0.76 granted on June 1, 2026 . The options vest in three equal installments on each of the first three anniversaries of the date of grant.
Key Figures
Performance-based options grant: 65,000 options at $0.76
Time-based options grant: 35,000 options at $0.76
Total options after first grant: 65,000 options
+2 more
5 metrics
Performance-based options grant
65,000 options at $0.76
Granted June 1, 2026; vest on Company performance criteria
Time-based options grant
35,000 options at $0.76
Granted June 1, 2026; vest over three anniversaries
Total options after first grant
65,000 options
Total derivative holdings following first transaction entry
Total options after second grant
35,000 options
Total derivative holdings following second transaction entry
Option expiration date
June 27, 2035
Expiration for both option grants
Key Terms
Share Option, performance criteria, vest in three equal installments, ordinary shares
4 terms
performance criteria financial
"The options vest upon the achievement of certain Company performance criteria evaluated by the Board of Directors."
vest in three equal installments financial
"The options vest in three equal installments on each of the first three anniversaries of the date of grant."
FAQ
What insider transaction did MDxHealth (MDXH) report for Brendan O'Connell?
MDxHealth reported that VP of Finance and Accounting Brendan O'Connell received two grants of share options. The awards cover 65,000 and 35,000 options, providing the right to purchase ordinary shares at a fixed exercise price.
What is the exercise price of Brendan O'Connell’s MDxHealth options?
Both option grants to Brendan O'Connell carry an exercise price of $0.76 per ordinary share. This means he can buy MDxHealth shares at $0.76 if and when the options vest and are exercised, regardless of the market price at that time.
How do Brendan O'Connell’s performance-based MDxHealth options vest?
The 65,000-share option grant vests upon achievement of specified Company performance criteria. These criteria are evaluated by MDxHealth’s Board of Directors at the end of the relevant performance periods, tying vesting to corporate results rather than solely to time in role.
What is the vesting schedule for Brendan O'Connell’s time-based MDxHealth options?
The 35,000-share option grant to Brendan O'Connell vests in three equal installments. Vesting occurs on each of the first three anniversaries of the June 1, 2026 grant date, creating a multi-year retention incentive tied to his continued service with MDxHealth.