MGP Ingredients CEO awarded 150,000 stock options
Francis Julie Maria reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Francis Julie Maria reported acquisition or exercise transactions in this Form 4 filing.
MGP Ingredients Inc. reported that President & CEO Julie Maria Francis received a grant of 150,000 stock options to buy Common Stock at $19.40 per share. The options expire on May 1, 2036 and will vest on a pro rata basis on each of May 1, 2029 and May 1, 2030.
Following this filing, Francis directly holds 109,830 shares of Common Stock, which include 51,156 restricted stock units and 58,674 performance stock units that remain subject to time-based vesting. This Form 4 reflects a compensation-related equity award rather than an open‑market trade.
Insider Trade Summary
Grant/Award: 150,000 shares
Grant/Award
2 txns
Insider
Francis Julie Maria
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 150,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 150,000 contracts (Direct);
Common Stock — 109,830 shares (Direct)
Footnotes (2)
- F1. Includes 51,156 restricted stock units and 58,674 performance stock units which remain subject to a time-based vesting requirement as the Issuer's Human Resources and Compensation Committee has certified the achievement of the performance goals for these performance stock units.
- F2. Stock option award will vest on a pro rata basis on each of May 1, 2029 and 2030.
Key Figures
Stock options granted: 150,000 options
Option exercise price: $19.40 per share
Option expiration: May 1, 2036
+4 more
7 metrics
Stock options granted
150,000 options
Grant to President & CEO Julie Maria Francis
Option exercise price
$19.40 per share
Strike price for new stock option award
Option expiration
May 1, 2036
Expiration date of stock option award
Option vesting dates
May 1, 2029 & May 1, 2030
Pro rata vesting schedule
Common stock held
109,830 shares
Direct holdings after reported transactions
Restricted stock units
51,156 RSUs
Included in direct holdings, time-based vesting
Performance stock units
58,674 PSUs
Goals certified; still subject to time-based vesting
Key Terms
restricted stock units, performance stock units, Stock Option (Right to Buy), stock option award
4 terms
restricted stock units financial
"Includes 51,156 restricted stock units and 58,674 performance stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"and 58,674 performance stock units which remain subject to a time-based vesting requirement"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) transaction for 150,000.0000"
stock option award financial
"Stock option award will vest on a pro rata basis on each of May 1, 2029 and 2030."
A stock option award is a grant that gives an employee the right to buy a company’s shares at a fixed price for a limited time, often becoming available gradually over a set schedule. Investors care because these awards align workers’ incentives with company performance, can increase employee loyalty, and may create future share dilution and compensation expense that affect earnings per share and shareholder value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MGP Ingredients (MGPI) CEO Julie Maria Francis report in this Form 4?
Julie Maria Francis reported a grant of 150,000 stock options to buy MGP Ingredients Common Stock at $19.40 per share. The award is compensation-related, with a long-dated expiration and vesting starting in 2029 rather than an immediate market transaction.
How many stock options did the MGPI CEO receive and at what price?
She received 150,000 stock options with a $19.40 per share exercise price. These options give her the right to purchase MGP Ingredients Common Stock at that fixed price if they vest and are exercised before the May 1, 2036 expiration date.
When do Julie Maria Francis’s new MGP Ingredients stock options vest?
The stock option award will vest on a pro rata basis on May 1, 2029 and May 1, 2030. This means half of the 150,000 options vest on each date, creating a long-term incentive tied to continued service and performance.
What restricted and performance stock units does the MGPI CEO hold?
Her holdings include 51,156 restricted stock units and 58,674 performance stock units that remain subject to a time-based vesting requirement. The company’s committee has certified achievement of the performance goals tied to these performance stock units.
Is the MGPI CEO’s Form 4 transaction a market purchase or sale?
No, the Form 4 reflects a grant of stock options and updated holdings, not an open-market buy or sell. The transaction code A indicates a grant or award acquisition, commonly used for equity-based executive compensation rather than trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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