Corvex director receives stock and option grants
Corvex, Inc. director Patrick Fleury reported equity awards that increase his stake in the company.
Rhea-AI Filing Summary
Corvex, Inc. director Patrick Fleury reported equity awards that increase his stake in the company. He received 100,000 shares of common stock as a grant, structured as time-based restricted stock units that vest in three equal annual installments from the grant date.
He was also granted stock options for 200,000 shares of common stock at an exercise price of $21.06 per share, expiring on July 1, 2036. These options vest in three equal annual installments from the grant date. After these awards, his reported direct holdings are 100,000 shares and options on 200,000 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 300,000 shares
Grant/Award
2 txns
Insider
Fleury Patrick
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 200,000 | $0.00 | $0.00 |
| Grant/Award | Common stock | 100,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (Right to Buy) — 200,000 contracts (Direct);
Common stock — 100,000 shares (Direct)
Footnotes (2)
- F1. Represents a grant of time-based restricted stock units that vest in three equal annual installments from the grant date.
- F2. Options will vest in three equal annual installments from the grant date.
Key Figures
Restricted stock units granted: 100,000 shares
Stock options granted: 200,000 options
Option exercise price: $21.06 per share
+3 more
6 metrics
Restricted stock units granted
100,000 shares
Time-based RSUs vesting in three equal annual installments from grant date
Stock options granted
200,000 options
Options on common stock vesting in three equal annual installments
Option exercise price
$21.06 per share
Strike price for 200,000 stock options
Option expiration date
July 1, 2036
Expiration for granted stock options
Shares held after grant
100,000 shares
Total direct common shares following the restricted stock unit grant
Options held after grant
200,000 options
Total stock options following the award
Key Terms
restricted stock units, Stock Options (Right to Buy), time-based, vest
4 terms
restricted stock units financial
"Represents a grant of time-based restricted stock units that vest in three equal annual installments"
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.
Stock Options (Right to Buy) financial
"Stock Options (Right to Buy) with an exercise price of 21.0600 and expiration date July 1, 2036"
time-based financial
"Represents a grant of time-based restricted stock units that vest in three equal annual installments"
vest financial
"Options will vest in three equal annual installments from the grant date"
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 transactions did Corvex (MOVE) director Patrick Fleury report?
Patrick Fleury reported receiving equity awards, not open-market trades. He was granted 100,000 restricted stock units and stock options for 200,000 shares, both vesting over three years, as part of his compensation package with Corvex, Inc.
What stock options were granted to Patrick Fleury by Corvex (MOVE)?
He received stock options covering 200,000 shares of Corvex common stock. The options have an exercise price of $21.06 per share, expire on July 1, 2036, and vest in three equal annual installments from the grant date, aligning with long-term incentives.
Is Patrick Fleury’s Corvex (MOVE) Form 4 a stock purchase or sale?
The Form 4 reports grant or award acquisitions, not market purchases or sales. Both transactions use code “A,” indicating equity compensation: restricted stock units and stock options granted by the company, rather than shares bought or sold on the open market.
How much Corvex (MOVE) stock does Patrick Fleury hold after these awards?
After the reported transactions, his direct holdings are 100,000 shares of common stock and stock options for 200,000 underlying shares. The restricted units and options vest over three years, so access to the full position increases gradually as vesting milestones are met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
