MIAX EVP awarded RSUs and stock options
MIAMI INTERNATIONAL HOLDINGS, INC.
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Form Type
4
Rhea-AI Filing Summary
MIAMI INTERNATIONAL HOLDINGS, INC. EVP and CIO Douglas M. Schafer Jr. received equity compensation consisting of restricted stock units and stock options. He acquired 23,298 shares of Common Stock as restricted stock units, bringing his direct Common Stock holdings to 387,414 shares after the award.
He was also granted a nonqualified stock option for 21,481 shares and an incentive stock option for 2,485 shares, each with a $40.24 exercise price and expiring on June 15, 2036. The RSUs and options vest in three equal annual installments on June 16, 2027, June 16, 2028, and June 16, 2029, subject to his continued service.
Insider Trade Summary
Grant/Award: 47,264 shares
Grant/Award
3 txns
Insider
Schafer Douglas M. JR
Role
EVP and CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Incentive Stock Option (Right to Buy) | 2,485 | $0.00 | $0.00 |
| Grant/Award | Nonqualified Stock Option (Right to Buy) | 21,481 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 23,298 | $0.00 | $0.00 |
Holdings After Transaction:
Incentive Stock Option (Right to Buy) — 2,485 contracts (Direct);
Nonqualified Stock Option (Right to Buy) — 21,481 contracts (Direct);
Common Stock — 387,414 shares (Direct)
Footnotes (3)
- F1. The amount represents restricted stock units ("RSUs") that vest as to 7,766 on June 16, 2027, 7,766 on June 16, 2028 and the remaining 7,766 on June 16, 2029, subject to the Reporting Person's continued service to the Issuer or its subsidiaries through each applicable vesting date.
- F2. 829 of the shares subject to this option will vest on June 16, 2027, 828 of the shares subject to this option will vest on June 16, 2028 and the remaining 828 of the shares subject to this option will vest on June 16, 2029, subject to the Reporting Person's continued service to the Issuer or its subsidiaries through the applicable vesting date.
- F3. 7,161 of the shares subject to this option will vest on June 16, 2027, 7,160 of the shares subject to this option will vest on June 16, 2028 and the remaining 7,160 of the shares subject to this option will vest on June 16, 2029, subject to the Reporting Person's continued service to the Issuer or its subsidiaries through the applicable vesting date.
Key Figures
RSU grant: 23,298 shares
Nonqualified option grant: 21,481 shares
Incentive stock option grant: 2,485 shares
+3 more
6 metrics
RSU grant
23,298 shares
Restricted stock units awarded as Common Stock
Nonqualified option grant
21,481 shares
Right to buy Common Stock, Form 4 derivative entry
Incentive stock option grant
2,485 shares
Right to buy Common Stock, Form 4 derivative entry
Option exercise price
$40.24 per share
Applies to both option grants
Option expiration
June 15, 2036
Expiration date for both option grants
Shares held after RSU grant
387,414 shares
Total direct Common Stock following non-derivative acquisition
Key Terms
restricted stock units ("RSUs"), Nonqualified Stock Option, Incentive Stock Option, vesting date, +1 more
5 terms
restricted stock units ("RSUs") financial
"The amount represents restricted stock units ("RSUs") that vest as to 7,766 on June 16, 2027"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Nonqualified Stock Option financial
"Nonqualified Stock Option (Right to Buy)"
A nonqualified stock option (NQSO) is a company grant that gives an individual the right to buy shares at a set price but does not meet special tax rules for incentive stock options; when exercised the difference between the market price and the exercise price is treated as ordinary income for the recipient and as a tax-deductible expense for the company. It matters to investors because NQSOs affect an employee’s after-tax proceeds, the company’s reported expenses, and potential share dilution—think of it like a cash bonus that converts into stock but is taxed as regular pay when you take it.
Incentive Stock Option financial
"Incentive Stock Option (Right to Buy)"
An incentive stock option is a type of employee benefit that gives a worker the right to buy company shares at a fixed price, with special tax advantages if the employee holds the shares for a required period. Think of it as a coupon to buy future shares at today’s price that can result in lower tax on the gain. Investors care because ISOs can dilute share count, align staff incentives with the stock price, and affect company compensation costs and the timing of potential share sales.
vesting date financial
"subject to the Reporting Person's continued service ... through each applicable vesting date"
exercise price financial
"conversion_or_exercise_price": "40.2400""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did MIAX executive Douglas Schafer receive in this Form 4?
Douglas M. Schafer Jr. received 23,298 restricted stock units and two stock option grants covering 21,481 and 2,485 shares of Common Stock, respectively. These awards represent compensation rather than open-market purchases, and all were reported as acquisitions on the same date.
What are the terms of Douglas Schafer’s new MIAX stock options?
Douglas Schafer received nonqualified and incentive stock options covering 21,481 and 2,485 MIAX shares, both with a $40.24 exercise price. These options expire on June 15, 2036 and represent rights to buy Common Stock if exercised in the future under their terms.
When do Douglas Schafer’s MIAX restricted stock units vest?
The 23,298 MIAX restricted stock units vest in three equal installments of 7,766 units on June 16, 2027, June 16, 2028, and June 16, 2029. Each vesting date requires Douglas Schafer’s continued service with the company or its subsidiaries through that date.
How do Douglas Schafer’s MIAX stock option grants vest over time?
The options vest in three annual tranches. One grant vests 829, 828, and 828 shares in 2027, 2028, and 2029, respectively. The other vests 7,161, 7,160, and 7,160 shares on the same dates. Vesting is conditioned on continued service with the issuer or subsidiaries.
Do these MIAX Form 4 transactions involve open-market buying or selling?
No, the transactions are classified as grant or award acquisitions, not open-market trades. The filing shows restricted stock units and stock options awarded to Douglas Schafer as compensation, with no reported open-market purchases or sales of MIAX Common Stock on the transaction date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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