MIAX CEO granted RSUs and stock options
MIAMI INTERNATIONAL HOLDINGS, INC.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
MIAMI INTERNATIONAL HOLDINGS, INC. Chairman & CEO Thomas P. Gallagher received equity awards consisting of restricted stock units and stock options on June 16, 2026. He was granted 232,977 RSUs, which vest in three equal annual installments from June 16, 2027 through June 16, 2029, subject to continued service.
He also received a nonqualified stock option for 237,175 shares and an incentive stock option for 2,485 shares, each with an exercise price of $40.24 per share and expiring on June 15, 2036. These options vest annually in tranches over the same three-year schedule. Following the RSU grant, Gallagher directly holds 743,939 shares of common stock.
Insider Trade Summary
Grant/Award: 472,637 shares
Grant/Award
3 txns
Insider
Gallagher Thomas P.
Role
Chairman & CEO
| 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) | 237,175 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 232,977 | $0.00 | $0.00 |
Holdings After Transaction:
Incentive Stock Option (Right to Buy) — 2,485 contracts (Direct);
Nonqualified Stock Option (Right to Buy) — 237,175 contracts (Direct);
Common Stock — 743,939 shares (Direct)
Footnotes (3)
- F1. The amount represents restricted stock units ("RSUs") that vest as to 77,659 on June 16, 2027, 77,659 on June 16, 2028 and the remaining 77,659 on June 16, 2029, subject to the Reporting Person's continued service to the Issuer or its subsidiaries through the 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. 79,059 of the shares subject to this option will vest on June 16, 2027, 79,058 of the shares subject to this option will vest on June 16, 2028 and the remaining 79,058 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: 232,977 RSUs
Nonqualified option grant: 237,175 shares
Incentive stock option grant: 2,485 shares
+5 more
8 metrics
RSU grant
232,977 RSUs
Awarded June 16, 2026; vesting 2027-2029
Nonqualified option grant
237,175 shares
Right to buy common stock, granted June 16, 2026
Incentive stock option grant
2,485 shares
Right to buy common stock, granted June 16, 2026
Option exercise price
$40.24/share
Exercise price for both option grants
Option expiration
June 15, 2036
Expiration date for both option grants
Post-grant common shares
743,939 shares
Common stock directly held after RSU grant
First RSU vesting
77,659 RSUs
Vest on June 16, 2027
Large option vesting tranche
79,059 shares
Portion of option vesting June 16, 2027
Key Terms
restricted stock units ("RSUs"), Nonqualified Stock Option, Incentive Stock Option, vesting, +1 more
5 terms
restricted stock units ("RSUs") financial
"The amount represents restricted stock units ("RSUs") that vest as to 77,659 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 financial
"will vest on June 16, 2027, 2028 and 2029, subject to the Reporting Person's continued service..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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 did MIAX Chairman & CEO Thomas Gallagher receive in this Form 4 filing?
Thomas Gallagher received restricted stock units and stock options as equity compensation. The grants include RSUs plus nonqualified and incentive stock options, all awarded on June 16, 2026, reflecting a compensation-related acquisition rather than open-market buying or selling.
How many MIAX restricted stock units were granted to Thomas Gallagher?
Gallagher was granted 232,977 restricted stock units (RSUs). These RSUs vest in three equal installments of 77,659 units each on June 16, 2027, June 16, 2028, and June 16, 2029, contingent on his continued service with the company.
What stock option awards did MIAX grant to Thomas Gallagher?
He received a nonqualified stock option for 237,175 shares and an incentive stock option for 2,485 shares. Both have an exercise price of $40.24 per share and expire on June 15, 2036, subject to a multi-year vesting schedule.
How do the MIAX stock options granted to Gallagher vest over time?
The options vest in three annual tranches. For one grant, 829 shares vest on June 16, 2027, 828 on June 16, 2028, and 828 on June 16, 2029. Another grant vests 79,059, then 79,058, then 79,058 shares on the same dates.
What is Thomas Gallagher’s MIAX common stock holding after these grants?
After the RSU grant, Gallagher directly holds 743,939 shares of MIAX common stock. This figure reflects his post-transaction direct ownership reported in the filing and does not include unvested RSUs or unexercised options, which are reported separately.
Are these MIAX equity awards open-market purchases or compensation grants?
These transactions are compensation-related grants, not open-market trades. The filing classifies them with code “A” for grant or award acquisitions, with a transaction price of $0.00, indicating they were awarded by the company as part of executive compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates